Zim secures $242m for next farming season

Zim secures $242m for next farming season July 27, 2017 Business Oliver Kazunga, Senior Business ReporterTHE Government has secured $242 million from the European Union (EU) and the Food and Agriculture Organisation to support the agriculture sector in the 2017/18 farming season. According to the Common Market for Eastern and Southern Africa (Comesa), out of the above …

Zimbabwe’s windfall from cancelling Odious Debts

Zimbabwe’s windfall from cancelling Odious Debts  0 July 18, 2017 1:10 PM Source: Zimbabwe’s windfall from cancelling Odious Debts | The Zimbabwean This will not just be limited to Mugabe and his family, it will extend to ANY assets or money illegally obtained by ANY member of ZANU-PF, no matter how junior they may be in …

AMA to float $80 million bills for maize purchase

AMA to float $80 million bills for maize purchase July 19, 2017 Business Oliver Kazunga, Senior Business ReporterTHE Agricultural Marketing Authority (AMA) plans to float $80 million worth of bills to finance the buying of local maize for the 2017 season. During the same period last year, AMA floated an additional $50 million bills for the 2016 …

RBZ ‘hoodwinks’ tobacco farmers

RBZ ‘hoodwinks’ tobacco farmers  1 July 18, 2017 8:56 AM   Source: RBZ ‘hoodwinks’ tobacco farmers | Newsday (Business) ZIMBABWE Commercial Farmers’ Union (ZCFU) says tobacco farmers were sold a dummy on cash availability and the e-marketing system, as the end of this marketing season draws to an end. By Fidelity Mhlanga ZCFU president, Wonder Chabikwa …

Project funds delays cost Govt millions

Project funds delays cost Govt millions July 18, 2017 Local News Elita Chikwati Senior ReporterDelays in the completion of dam projects countrywide is costing Government at least $1,2 million per dam annually, a situation which has seen some projects being abandoned altogether, an official has said. Zimbabwe National Water Authority director for Engineering and Hydrology Services Engineer …

Getting agriculture moving: finance and credit

Getting agriculture moving: finance and credit  1 July 10, 2017 9:22 AM Source: Getting agriculture moving: finance and credit | zimbabweland July 10, 2017 Getting 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 bankable is a priority, …

Govt maize subsidy boon for economy • . . . saves $300m in grain import costs • Experts dismiss $120m budget deficit claims

Govt maize subsidy boon for economy • . . . saves $300m in grain import costs • Experts dismiss $120m budget deficit claims July 10, 2017 Headlines, Top Stories Sydney Kawadza Senior ReporterSTAKEHOLDERS have dismissed reports that Government efforts to subsidise maize productivity through programmes such as Command Agriculture could increase the budget deficit by $120 million. Reuters …

Zim seeks $100m loan for oilseed farmers

Zim seeks $100m loan for oilseed farmers July 10, 2017 Business Mr Busisa Moyo ZIMBABWE is in talks about a potential $100 million loan facility to support oilseed farmers in the country and boost production, especially of soy. Sakunda Energy, a closely held Zimbabwean energy and logistics company, has agreed to contribute $48.7 million of the …

Mat’land gets $2,3m for beef projects

Mat’land gets $2,3m for beef projects July 7, 2017 Business Oliver Kazunga/Leonard Ncube in Victoria Falls, Senior ReportersTHE Government has partnered the African Development Bank (AfDB) to avail a $2,3 million facility for the beef and leather value chain in Matabeleland.Industry and Commerce Minister Dr Mike Bimha revealed this yesterday while addressing delegates attending the 7th …