Economic growth based on agriculture risky

Economic growth based on agriculture risky newsday LAST week, the country’s largest seed manufacturer, Seed Co, reported lower than expected levels of seed production due to disease and bad weather, which could be foreboding for lower agricultural yields this year. By TATIRA ZWINOIRA Since November 2017, President Emmerson Mnangagwa has been touting an economic turnaround …

Forex shortages bite agric firm

Forex shortages bite agric firm   The Herald Mukudzei Chingwere Midlands CorrespondentA Gweru-based firm, Linfield Farm, which is in the business of exporting peas and other horticultural products to Europe, is failing to expand its operations due to foreign currency shortages. The firm’s operations director Mr Tatenda Karimazondo said they were not accessing enough foreign …

Realign Stop Order Act, Govt urged

Realign Stop Order Act, Govt urged   The Herald Daniel Chigunwe Mash Central CorrespondentGOVERNMENT has been urged to revisit the Farmers Stop Order Act, in order to protect contractors and all financial institutions against small scale tobacco farmers who are side-marketing their crops. Chapter 18, Section 11 of the Act has been failing to protect …

CSC recapitalisation deal edges close

CSC recapitalisation deal edges close newsday THE Cold Storage Company (CSC) recapitalisation deal is expected to be finalised early next month, Lands, Agriculture and Rural Resettlement deputy minister, Davis Marapira has said. BY MTHANDAZO NYONI Marapira told NewsDay that the recapitalisation deal, which has attracted “more than six” partners, was almost done. “We have engaged …

Government confirms fuel shortages

Government confirms fuel shortages – NewsDay Zimbabwe newsday 2018-05-17 GOVERNMENT yesterday blamed the current fuel shortages on foreign currency challenges and what it termed “adverse international market forces”. BY TINOTENDA MUNYUKWI In a statement, Energy and Power Development minister Simon Khaya Moyo said efforts were underway to restore normal fuel supplies in the country after …

Zimra urges voluntary tax compliance

Zimra urges voluntary tax compliance   Prince Sunduzani, Business ReporterTHE Zimbabwe Revenue Authority (Zimra) has called on businesses to embrace voluntary tax compliance saying levying penalties on defaulting clients is not an effective instrument. The private sector owes close to 80 percent of the estimated $4 billion tax debt, which has been growing over the years …

UK avails $100 million for Zim firms

UK avails $100 million for Zim firms   Dr John Mangudya Auxilia Katongomara, Chronicle ReporterIn the biggest sign of thawing relations between Harare and London, the UK Government will inject $100 million to Zimbabwean companies as capital expenditure or working capital. Reserve Bank of Zimbabwe Governor Dr John Mangudya confirmed the development saying the facility would …

Zimbabwe’s lack of property rights have cut down its economy

Zimbabwe’s lack of property rights have cut down its economy   Source: Zimbabwe’s lack of property rights have cut down its economy | The Citizen Zimbabwe’s President Emmerson Mnangagwa, who received military training in China when he was a young liberation fighter, will be greeted by Chinese President Xi Jinping at the Great Hall of the People …