Commercial Farmers' Union of Zimbabwe
Govt must guarantee agriculture insurance Zimbabwe’s government has over the years been supporting agriculture through provision of inputs and various subsidies, but paying little attention to crop insurance. Financial Matters with Tinashe Kaduwo Various governments are supporting crop insurance to cushion farmers in times of distress. Zambia, Kenya, Ethiopia and India, for example, have over …
Investors target Agribank – The Financial Gazette Agribank chief executive officer, Sam Malaba SEVERAL investors have been lined up to snap a significant stake in Agribank, as government moves to recapitalise the financial institution. The agro-focused bank — wholly owned by government — is struggling to effectively deliver on its mandate of providing agriculture funding due …
Seed Co unbundling 71% in Seed Co International SEED Co Limited board has proposed to its shareholders to partially unbundle 71% of its Seed Co International Limited shares by way of a pro rata dividend-in-specie distribution as part of a strategy to unlock shareholder value for its continental operations. BY TATIRA ZWINOIRA In a circular …
Foreign currency illegal market fuels price hikes The Herald The Confederation of Zimbabwe Retailers has blamed the growth of the black market for foreign currency for fuelling the current wave of increases in prices of basic commodities. Over the past few days, prices of most consumables have been sky-rocketing, leaving consumers in a lurch. Confederation …
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Golden leaf fails to deliver forex IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season. BY TATIRA ZWINOIRA In IH Securities outlook for the month released recently, the local financial markets firm said there is pressure on cash premiums which …
Giving farmers room to export The Herald Leroy Dzenga Features WriterFredrick Toendepi is not an ordinary 25-year-old. He is a young person who believes in taking an active part in serious economic activities, especially in agriculture. At his age, he proudly holds 50 percent shares in their family business, Nightridge Ventures (Private) Limited. If he …
$154m for Presidential inputs The Herald Sydney Mabaiwa Masvingo CorrespondentGovernment has set aside $154 million for the Presidential Inputs Support Scheme for the 2018 /19 agricultural season, which will benefit more than two million households across the country, an official has said. The Deputy Minister of Lands, Agriculture and Rural Development, Davis Marapira told farmers …
Agribank secures $10m for agric Agribank CEO, Mr Sam Malaba Africa Moyo, Harare Bureau AGRIBANK has secured $10 million from the Egypt-based African Export-Import Bank (Afreximbank), which will be channelled towards capacitating agricultural exporters and value addition. The bank’s chief executive officer Mr Sam Malaba, told delegates during last week’s annual general meeting that the …
Agribank posts $2,9m profit The Herald Africa Moyo and Ishemunyoro ChingwereAGRIBANK has recorded a profit of $2,9 million in the first five months of the year to May 31, 2018, a move that thrusts the agriculture financing institution on a path to more profits by year end. The profit represents a 13 percent jump from …
Victoria Foods strikes toll deal CFI chairperson Itai Pasi A key unit of CFI Holdings, Victoria Foods, has struck toll manufacturing deals as it opens a new page after experiencing turbulent times which saw it go under curatorship more than a year ago. CFI chairperson Itai Pasi revealed this last week when she presented financial …