Commercial Farmers' Union of Zimbabwe
Row erupts over farmers’ 99-year leases June 30, 2017 Headlines, Top Stories Minister Mombeshora Africa Moyo in Victoria FallsA ROW has erupted between local financial institutions and Government over the bankability of 99-year leases, which had been primed as the solution for farmers to unlock credit from banks. This comes as the Reserve Bank of Zimbabwe (RBZ) …
Command beneficiaries start repaying loans June 28, 2017 Headlines, Top Stories Minister Chinamasa Felex Share Senior Reporter—Government has a database of all beneficiaries of Command Agriculture and farmers have since started repaying their loans, Finance and Economic Development Minister Patrick Chinamasa has said. He told The Herald yesterday that there was no going back on Command Agriculture. Higher …
Tobacco exports yield $248 million June 28, 2017 Business Business ReporterZIMBABWE has since the beginning of the year exported 53.5 million kilogrammes of tobacco worth $248 million, latest figures from the Tobacco Industry and Marketing Board (TIMB) show. The golden leaf, which has been exported across the world, was sold at an average price of $4.63 …
Govt makes $487m agric funding record By ZimSitRep_M | June 26, 2017 1 Comment Source: Govt makes $487m agric funding record | The Herald June 26, 2017 Felex Share Senior ReporterGovernment has secured a $487 million facility to fund the 2017-18 agricultural season and movement of inputs under the Command Agriculture and Presidential Input Support schemes is expected to begin next month, …
Government directs Agribank to cut costs By Shame Makoshori, Senior Business Reporter The bank extended its profit position, posting a $1,8 million profit during the five months ended May 31, 2017. THE Minister of Finance and Economic Development, Patrick Chinamasa, has directed state-owned farm financier Agribank to immediately cut costs from 36 percent to 30 …
Government rips off motorists | The Financial Gazette By Staff Reporter GOVERNMENT raised nearly $200 million between 2013 and 2016 from a National Oil Company of Zimbabwe (Noczim) debt redemption levy, enough to pay off the parastatal’s legacy debts, but continues to tax consumers and diverting the cash to other expenses. Zimbabwean businesses and motorists endure …
Short-shipment of imported goods June 22, 2017 Business A short-shipment occurs when cargo listed on invoices or carrier’s documents is not included in a shipment or is not received by the recipient or consignee. In other terms, the quantity of goods received and cleared by the recipient/consignee will be less than the quantity listed on …
Agro processors’ meeting set for tomorrow June 22, 2017 Business Millers will discuss the rehabilitation of silos Business ReporterFOOD fortification, Grain Marketing Board commercial activities and fertiliser availability are issues high on the agenda of the agro processors meeting to be held tomorrow. The meeting comes before the law for mandatory fortification commencement date set for …
Cabinet approves $300m Command Livestock June 22, 2017 Local News Minister Joseph Made Elita Chikwati, Harare BureauCabinet has approved the $300 million Special Programme on Livestock Production that is expected to run for between three and five years.Livestock farmers from all sectors — communal to A2 and institutions including churches, Prisons and Police farms across the country …
Tobacco sales drive broad money supply up 23 percent National Report June 20, 2017By Own Correspondent Tobacco sales drive money supply growth ZIMBABWE’S annual broad money supply grew by 22,67 percent in April to $6,2 billion, largely driven by an increase of 31,22 percent in transferable deposits, latest data from the central bank has shown. However, …
Read more “Tobacco sales drive broad money supply up 23 percent”