Crop diversity matters to Zimbabwe

Crop diversity matters to Zimbabwe   The Herald Sifelani Tsiko Senior WriterThe genetic diversity of crops that are grown and eaten in Zimbabwe could be lost forever due to climate change, threatening the country’s future food security, agricultural experts say. Experts at a one-day stakeholders’ consultative workshop on food and nutrition security situation which was …

Rationale for the benchmark interest rate

Rationale for the benchmark interest rate   The Herald Dr Sanderson AbelAn interest rate is the compensation for the service and risk of lending money. Broadly defined, it is the cost of borrowing money. Interest rates are normally set using the market forces of demand and supply. The equilibrium interest rates are determined by the …

‘Interest rates drop to maximum 12pc’

‘Interest rates drop to maximum 12pc’   The Herald Business ReporterTHE Reserve Bank of Zimbabwe (RBZ) says it continues to engage banks over the cost of borrowing, as directed by Government, but contends that at current prevailing range of 6 and 12 percent; lending rates have dropped to levels comparable to the rest of the …

Zinwa tariffs must promote farming profitability

EDITORIAL COMMENT: Zinwa tariffs must promote farming profitability   Our farmers must be delighted that the High Court has reversed a decision by the Government to increase the price of raw water that was effected in 2016. Water is one of the most important agricultural inputs. It makes every crop to grow; every animal to …

ED’s participation in agricultural conference raises hopes for farmers

ED’s participation in agricultural conference raises hopes for farmers   President Mnangagwa Leonard Ncube, Victoria Falls ReporterPRESIDENT Emmerson Mnangagwa’s participation at the Southern African Confederation of Agricultural Unions (SACAU) annual conference this week has raised hopes for a brighter future among farmers’ unions across the region. On Monday, President Mnangagwa officially opened the annual conference which …

Independent power producers supplying 2% to national grid

Independent power producers supplying 2% to national grid newsday INDEPENDENT power producers (IPPs) are contributing 2% of energy supply to the national grid, the Zimbabwe Energy Regulatory Authority (Zera) has revealed.There are 13 IPPs operating nationally generating 130 megawatts (MW) of power. BY STAFF REPORTER These include Duru mini hydro (2,20MW), Green Fuel (18,30MW), Nyamhingura …

Africa spends $50bn annually on food imports: ED

Africa spends $50bn annually on food imports: ED newsday PRESIDENT Emmerson Mnangangwa has called on African governments to invest in agriculture amid revelations that the continent is spending about $50 billion annually on food imports. By Nokuthaba Dlamini Mnangagwa said this while addressing Sadc delegates at the official opening of the Southern African Confederation of …