Hippo Valley on recovery path

Hippo Valley on recovery path Posted on February 28, 2020 by The Independent in Business HIPPO Valley Estates says it is now on a recovery path and seeking to retire local debts before the end of the next financial year, depending on inflationary levels, businessdigest has learnt The company has also revealed it benefited from the promulgation of Statutory Instrument …

Govt mortgage land in return of busses

Govt mortgage land inreturn of buseses Posted on February 28, 2020 by The Independent in Main News Nyasha Chingono THE cash-strapped Zimbabwe government is planning to mortgage 10 000 hectares of prime horticultural land to the Belarusian government in return for buses to be used for low-cost public transport, it has emerged. Agricultural ministry officials told the Zimbabwe Independent that …

Zesa hikes power tariffs by 19%

Zesa hikes power tariffs by 19% Newsday 28/2/2020 STATE power utility, Zimbabwe and Electricity and Distribution Company (ZETDC) said it will increase its tariffs by 19,02% from tomorrow, citing weak local currency and rising inflation.   — BY TAFADZWA MHLANGA “The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has adjusted the electricity tariffs by 19,02%. …

No opening date for tobacco season

No opening date for tobacco season    Herald 28/2/2020 Dr Matibiri Elita Chikwati Senior Reporter The tobacco industry is yet to come up with opening dates for the 2020 marketing season, with the Tobacco Industry and Marketing Board expected to consult with stakeholders. Normally, the tobacco marketing season starts in March every year and farmers have …

Farmers embrace technology . . . See benefits of adapting to impact of climate change

Farmers embrace technology . . . See benefits of adapting to impact of climate change Chronicle 28/2/2020   Satellite data has brought farming advice to remote areas of Zimbabwe Marko Phiri NTABAZINDUNA — Deep in rural western Zimbabwe, where tarred roads are non-existent, Japhet Ngwenya used to spend every season worrying that the people who advise him …

Zesa hikes power tariffs

Zesa hikes power tariffs   Chronicle 28/2/2020  CZI vice president Mr Joseph Gunda Oliver Kazunga, Senior Business Reporter ZESA Holdings has increased electricity tariffs for consumers by 19,02 percent effective next month, citing the upward movement in exchange rates and inflationary pressures at macro-economic level. In a notice yesterday, Zesa through its subsidiary, the Zimbabwe Electricity …

Farm invasions agitate Ariston

Farm invasions agitate Ariston Financial Gazette 27/2/2020 Omega Ukama Senior Staff Writer   LISTED agro-industrial concern, Ariston Holdings (Ariston) says the invasion of its farms has continued to hamper its progress. The company, which runs five estates across Zimbabwe, has had to contend with multiple cas­es of intrusion on its farms since the beginning of …

‘Irvine’s pleads to retain 100 percent’

‘Irvine’s pleads to retain 100 percent’ Financial Gazette 27/2/2020   Irvines Zimbabwe is one of the largest protein food producers in the country. The company requires in excess of US$45 million to import its monthly requirements of inputs such as maize, soya beans but like most companies operating in Zimbabwe, failure to access foreign currency …

‘Drought is the new norm’

‘Drought is the new norm’ By Sindiso Mhlope Daily News 26/2/2020 THE Food and Agriculture Organisation (Fao) yesterday said ending poverty and hunger in African countries, including Zimbabwe, now requires innovative thinking since recurring droughts and erratic rains have become the new norm. Addressing delegates during a session on the nexus between hunger and sustainable …