Land title sparks uproar in Parliament

Land titling sparks uproar in Parliament MUNYARADZI MUGOWO – Jul 16 2010 10:10 Finance minister, Tendai Biti, on Wednesday struggled to convince Parliament that new farmers who got land offers from government during Zimbabwe’s fast-track land reform urgently needed title deeds to access agricultural funding. The remark – made as he presented his mid-term fiscal …

Economic deversification sustains growth

Economic diversification sustains growth The Zimbabwe Independent 2010 07 09 http://www.theindependent.co.zw/business/27141-economic-diversification-sustains-growth-.html Thursday, 08 July 2010 17:52 THE Zimbabwean economy has always had the heavily “agro-based’’ tag as agriculture to a large extent has been the main driver of economic growth.   Agriculture, according to some estimates, contributed about 41% of the country’s exports as well …

Zimbabwe stops seizure of central bank assets

Zimbabwe stops seizure of central bank assets Sun Jun 20, 2010 12:37pm GMT * Government orders end to property auctions * Minister decries asset stripping by “vultures” * Curator may be appointed to manage bank debts By Cris Chinaka HARARE, June 20 (Reuters) – Zimbabwe has ordered creditors owed millions of dollars by its bankrupt …

RBZ owes farmers US$20m – CFU

RBZ owes farmers US$20m — CFU Thursday, 27 May 2010 20:42 COMMERCIAL farmers evicted during the land reform programme say the Reserve Bank of Zimbabwe owes them close to US$20 million taken from their accounts during the foreign currency crunch. Commercial Farmers Union (CFU) president Deon Theron told the Zimbabwe Independent this week that the …

Broke GMB can’t pay farmers

Broke GMB can’t pay farmers http://www.thestandard.co.zw/ Saturday, 22 May 2010 19:33 THE loss-making Grain Marketing Board (GMB) has no money to pay farmers who delivered their produce during the just-ended season further dampening hopes for a good winter cropping season, a senior official said last week. The parastatal is also working on modalities to cut …

Farmers seek legal action over RBZ debts

Farmers seek legal action over RBZ debts http://www.thezimbabwean.co.uk Written by Staff reporterFriday, 14 May 2010 10:24 HARARE – The Reserve Bank of Zimbabwe (RBZ)’s financial woes are likely to deepen as it emerged last week that a union representing white farmers plans to institute legal action against the central bank to recover export proceeds looted …

Agribank set to cut branches – lay off staff

Agribank set to cut branches – lay-off staff http://www.theindependent.co.zw/ Thursday, 13 May 2010 20:32 AGRIBANK will soon cut its branch network by 25% and lay-off staff in a move to lower costs, CEO Sam Malaba has said. He says the move to cut branches and lower the bank’s staff complement has been necessitated by low …

Anger boils over cotton price

Anger boils over cotton price http://www.thestandard.co.zw/ Saturday, 08 May 2010 19:21 A cotton price war has erupted in the Midlands amid reports that angry farmers in Zhombe recently clashed with Cotton Company of Zimbabwe (Cottco) buyers over prices. Farmers said there were skirmishes at Doneni area near Kadoma recently after they were “provoked” by the …

Chinese bank seeks stake in IDBZ

Chinese bank seeks stake in IDBZ http://www.zimonline.co.za by Own Correspondent Tuesday 27 April 2010 HARARE – The China Development Bank (CDB) has offered a US$30 million line of credit to assist in the rebuilding of Zimbabwe’s collapsed agriculture sector in a deal that may see the Chinese institution getting a stake in the Infrastructural Development …

Zimbabwe’s economic prospects for 2010

Zimbabwe’s economic prospects for 2010 http://www.thedailynewszw.com/?p=28891 April 14, 2010John Robertson (A paper presented at the ‘Labour Relations Under Dollarisation’ Conference, March 25, 2010) WHEN Zimbabwe’s currency failed and the country’s authorities had to settle for the best option available, the formal acceptance of the US dollars and South African rands that had found their way …