Commercial Farmers' Union of Zimbabwe
United Kingdom extends US$100m loan to Zimbabwe firms Newsroom In a major foreign policy shift, the United Kingdom (UK) is teaming up with Standard Chartered Bank to lend Zimbabwean companies US$100 million, the first direct commercial loan to the country’s private sector in more than 20 years. In an article published by the Financial Times, …
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Farmers appeal to govt for funds newsday FARMERS in the Sadc region have appealed to their governments for funds and friendly policies to resuscitate agriculture amid revelations that all African countries only produce about 4% annually. By Nokuthaba Dlamini Delegates to the Southern African Confederation of Agricultural Unions (Sacau) conference which ended yesterday in Victoria …
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’ 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 …
Building Competitive Economies in Africa Source: Building Competitive Economies in Africa – The Zimbabwean How has China and the Far East Tiger States built up their economic systems so as to be able to compete in the new globalized world order and to challenge the dominance of western capitalist States? MDC-T local government secretary Eddie Cross …
Zim lending rates too high By Tabitha Mutenga, Features and Supplements Editor Zimbabwe Farmers Union executive director Paul Zakariya ZIMBABWE’s high cost of borrowing, which is much higher than in regional economies, is rendering the country’s products uncompetitive, a Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU) report has indicated.“While average lending rate was …
Fuel prices skyrocket – Zimbabwe Situation Source: Fuel prices skyrocket – The Standard May 13, 2018 THE Zimbabwe Energy Regulatory Authority (Zera) has blamed skyrocketing fuel prices on the surge in crude oil prices in recent weeks. BY TATIRA ZWINOIRA Petrol prices have gone up from $1,33 to between $1,39 and $1,40 a litre while that of …
EDITORIAL COMMENT: Cash crisis will not just go away By Staff Reporter Source: EDITORIAL COMMENT: Cash crisis will not just go away | The Financial Gazette May 10, 2018 CZI President Sifelani Jabangwe ABOUT seven weeks into the tobacco selling season, Zimbabwe’s cash crisis has not shown any signs of significant improvement, if any at all. While the trend …
RBZ releases $450k daily for tobacco farmers Livingstone Marufu The Reserve Bank of Zimbabwe (RBZ) says it is disbursing $450 000 daily to banks with branches at tobacco auction floors to ensure farmers access cash. This comes following an outcry from farmers who are reportedly failing to access the prescribed $300 cash daily from banks …
Kondo appointed inaugural ZIMSEZA boss Herald ReporterMr Edwin Kondo has been appointed the inaugural chief executive officer of the Zimbabwe Special Economic Zones Authority (ZIMSEZA) with effect from the beginning of this month. In a statement yesterday, ZIMSEZA board chair Dr Gideon Gono said the board is confident that Mr Kondo will provide the …