Commercial Farmers' Union of Zimbabwe
Agribank avails $10m for horticulture June 21, 2017 Business The Agricultural Development Bank of Zimbabwe (Agribank) says it is offering horticulture farmers working capital as well as loans to acquire assets amounting to $10 million to promote horticulture production. Zimbabwe produces several horticultural products including flowers, fruits, vegetables, herbs, spices, essential oils and tree nuts. Most …
SI 64 spurs fertliser companies into increased production June 19, 2017 Local News Auxilia Katongomara, Chronicle ReporterCAPACITY utilisation at local fertiliser companies has increased from 25 percent to 40 percent with Sable Chemicals expected to produce 7 000 tonnes of ammonium nitrate following the enactment of Statutory Instrument 64. Industry and Commerce Deputy Minister Cde Chiratidzo …
Read more “SI 64 spurs fertliser companies into increased production”
Income from minor children June 15, 2017 Business The Income Tax Act requires a parent to include in his/her return, any income accrued to his/her minor child(ren) either directly or indirectly from himself/herself, or by reason of a donation, settlement or other disposition which is deemed to be his/her. Important definitions A ‘“minor child” means a …
Agric lenders urged to charge just 4pc interest June 14, 2017 Business Dr Made Livingstone Marufu Business ReporterGOVERNMENT has called on lenders to the agriculture sector to lower their interest rates to single digit figures as a way of making loans affordable to farmers. Plans to borrow at “reasonable prices” are already in place starting from the …
IMF wants Zesa to collect debts June 13, 2017 Business The International Monetary Fund (IMF) has expressed reservations on Government’s plans to issue $600 million worth of Treasury Bills to clear debts owed to Zesa Holdings by local authorities and state authorities, saying these entities should improve their operations and management to avoid debt pile up. In …
Sakunda ropes in local banks for command agric scheme June 9, 2017 in Business LOCAL fuel supplier Sakunda Holdings, which financed government’s command agriculture special maize production programme, says it has roped in a consortium of local banks to help fund the scheme over the next three years. Under the programme, government provides inputs, irrigation and mechanised …
Read more “Sakunda ropes in local banks for command agric scheme”
Seed Co PAT up on command agric June 9, 2017 in Business Seed producers, Seed Co, recorded a 41% increase in net earnings for the year ended March 31, 2017 to $20,7 million on the back of increased revenue emanating from a strong demand for maize seed. BY BUSINESS REPORTER The demand for maize seed was up …
Importations by air June 8, 2017 Business In terms of Section 39 of the Customs and Excise Act (Chapter 23:02), all importations into Zimbabwe have to be entered for customs purposes. The airport is regarded as one of the designated ports of entry where goods may be imported into the country. How are goods imported by air …
Economics of Command Agric June 8, 2017 Business Dr Gift MuganoZimbabwe launched command agriculture which aims to harvest two million tonnes of maize. A lot has been said about the programme with some quarters labelling it a total failure.However, there seem to be a fundamental void left by the critics is the economics of command agriculture. …
Milling industry struggles to settle $87m maize, wheat bill June 8, 2017 Business VP Mnangagwa Business ReporterThe milling industry is battling to settle an outstanding $87 million bill on wheat and maize imported since August 2016, a situation that the sector says is bringing ‘serious operational risk’.“A quick computation of our aggregate private sector imports of …
Read more “Milling industry struggles to settle $87m maize, wheat bill”