Commercial Farmers' Union of Zimbabwe
Zim makes token payments to clear foreign debt Chronicle 30/7/2021 Prof Mthuli Ncube Prosper Ndlovu, Business Editor ZIMBABWE has started making token payments to service the country’s foreign debt with the Treasury channelling about US$17 million in the first quarter of 2021 towards clearing the arrears owed to different creditors. Finance and Economic Development …
Budget review: Mat North biggest winner Chronicle 30/7/2021 Professor Mthuli Ncube Oliver Kazunga, Senior Business Reporter GOVERNMENT continues to drive the development of Matabeleland with the Mid-Term Budget Review Statement presented yesterday in Parliament by Finance and Economic Development Minister, Professor Mthuli Ncube prioritising financing of on-going infrastructure projects in the region. In his …
Bitter harvest for Zimbabwe’s pensioners Chronicle 7/7/2021 Michael Magoronga, Midlands Correspondent Hobbling from his thatched ramshackle hut deep down in rural Silobela with the support of a walking stick, 64-year-old Eriya Shumba (not real name), seems to have resigned himself to fate. Despite having fond memories of his working experience at the Zimbabwe Iron …
Free Trade Area in Covid-19 times: The potential benefits for Zimbabwe Chronicle 25/6/2021 Rodgers Rewayi With the operationalisation of the African Continental Free Trade Area (AfCFTA), questions have been raised on whether Zimbabwe can fully benefit from the agreement to attain Vision 2030 of becoming a middle-income economy. Government, businesses and industries all hope …
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18 forex abusers to pay penalties Herald 16/6/2021 Golden Sibanda and Martin Kadzere The Reserve Bank of Zimbabwe yesterday listed the first 18 firms facing civil penalties under the new Statutory Instrument 127 after being caught abusing the foreign exchange auction system, with Zimbabwe Stock Exchange listed company National Foods the most prominent on …
Padenga Zimbabwe Crocodile Skin Firm to Raise Funds With New Listing 0 June 12, 2021 8:56 AM Source: Padenga Zimbabwe Crocodile Skin Firm to Raise Funds With New Listing – Bloomberg A Zimbabwean supplier of Nile crocodile skins for luxury handbags and shoes is planning to sell shares on the country’s new foreign-currency denominated stock exchange to raise …
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SI 127 of 2021: A long view – The Zimbabwe Independent 11/6/2021 BY TAFARA MTUTU The latest directives by the government have been the talk of the day since their release. SI 127 of 2021 was announced towards the end of last month and this was quickly accompanied by another directive by the Reserve Bank …
Legislators raise forex alarm – NewsDay Zimbabwe 11/6/2021 BY MOSES MATENGA MPs have raised alarm over delays in foreign currency payments to companies under the Reserve Bank of Zimbabwe auction facility saying it was taking up to two months for them to get their dues. The central bank last year introduced the foreign currency auction …
US$2m revolving fund for pensioners Business Reporter STATE-RUN pension fund, the National Social Security Authority (NSSA), has concluded a US$2m deal with two banks that will see its pensioners access loans for income generating projects at concessionary rates. This comes after the realisation that many pensioners sink into abject poverty shortly after leaving employment …
AFC Holdings to raise more funds to oil agriculture growth Chronicle 4/6/2021 Business Reporter THE Agricultural Finance Company (AFC) Holdings has secured regulatory approvals to raise more funding from the market through agro-bills to support the summer cropping season. Launched by President Mnangagwa in April, AFC has four subsidiaries namely AFC Commercial Bank, AFC …
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