Commercial Farmers' Union of Zimbabwe
‘Old industry must gear for incoming competition’ August 17, 2017By Staff Reporter Former Reserve Bank of Zimbabwe governor, Gideon Gono PRESIDENT Robert Mugabe’s government is pursuing the introduction of Special Economic Zones in a bid to attract investment into the country. The Special Economic Zones Authority, which is spearheading the effort, has started taking shape …
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Getting agric moving: Finance and credit Contract farming has been the lifeblood of Zimbabwe’s agriculture, particularly tobacco, in the absence of loan finance Ian Scoones CorrespondentGETTING the agricultural sector financed is a key challenge in Zimbabwe, and links concretely to land administration challenges discussed in previous blogs in this series. Making both places and people …
Agribank lines up $98m agric, export facilities Agribank chief executive Sam Malaba (left) stresses a point during a press conference yesterday while finance director Mr Elfas Chimbera pays attention. — (Picture by Tariro Kamangira) Africa Moyo and Enacy Mapakame AGRIBANK has lined up agriculture and export facilities totalling $98 million and about $20 million has …
‘Recovery lending’ helps disaster-stricken African farmers get back on track Robert Kibet Accessing credit has long been a major hurdle for small-scale farmers in Africa, who produce some 70 percent of the continent’s food. Not only does this mean yields fall far below their full potential, but the ability of farmers to manage the increasingly …
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Private sector not keen on contract farming Deputy Minister Zhanda Business Reporter GOVERNMENT has expressed concern over the private sector’s reluctance to provide significant funding support to agriculture, which provides a number of key raw materials required by industry for manufacturing processes. Deputy Minister of Agriculture (Responsible for Livestock) Paddy Zhanda said only a few …
Banks to support farming season…Agribank, FBC Bank to raise $20m agro bills Kiyapili Sibanda Business Reporter— AGRIBANK and FBC Bank are seeking to raise $20 million to support the 2017/18 cropping season through the issuance of agro bills. Last year the two financial institutions again raised $20 million to support agriculture. In a statement, Agribank said since 2010 …
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Livestock farmers to get 3-5-year loans August 5, 2017 Local News Prosper Ndlovu, Business EditorGOVERNMENT has concluded the process of formulating a Command Livestock financing model in which farmers will be given loans payable up to a period of five years, Acting President Emmerson Mnangagwa said yesterday. About $150 million has been secured to bankroll the …
RBZ raises travel allowance to $2 000 August 3, 2017 Business Dr Mangudya Africa Moyo Business Reporter—THE Reserve Bank of Zimbabwe (RBZ) has increased the amount of foreign currency an individual can carry outside the country to $2 000 with immediate effect. RBZ had put the limit at $1 000 on May 5 last year. Presenting the Mid-Term Monetary …
How to use market intelligence to direct agric finance – NewsDay Zimbabwe MANY developing countries are struggling to direct agricultural financing in more purposeful and moral ways. For instance, if contract farming was the main ticket out of poverty, most farmers who have been contracted to produce cotton, tobacco, sorghum and dozens of other …
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We’re inspired by Deng: Gono July 28, 2017 in News FOLLOWING the appointment of former Reserve Bank of Zimbabwe governor Gideon Gono (GG, pictured) as board chair of Special Economic Zones (SEZs), Zimbabwe Independent political reporter Hazel Ndebele (HN) interviewed the businessman to ask him about his new role and challenges likely to affect his work. Find …