Category: Finance and Economics (archives)

To what extent can agricultural economy be driven by microfinance? May 25, 2017 Features, Opinion & Analysis Charles DhewaRecent information from the Reserve Bank of Zimbabwe (RBZ) shows that the country now has 182 registered Micro Finance Institutions (MFIs), of which four have been registered to take financial deposits. The number of MFIs is likely to …

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Dairibord Zim sees improved performance May 25, 2017 Business Mr Anthony Mandiwanza LISTED dairy foods manufacturer Dairibord Zimbabwe Holdings says overall performance for the four months to April 2017 was better than prior year mostly on the back of gains derived from the promulgation of Statutory Instrument 64 of 2016. Briefing shareholders at the group’s annual …

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New fuel levy to be introduced May 26, 2017 Headlines, Top Stories Walter Nyamukondiwa, Harare BureauTHE Government plans to introduce a fuel levy to finance a new Road Accident Fund that will ensure compulsory compensation of road traffic accident victims, an official has said. The fund will also cover disbursements of funds to victims on compassionate and medical …

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Zim poultry producers burdened by VAT on inputs, capital investment National Report May 23, 2017By Own Correspondent Minister of Finance and Economic Development Patrick Chinamasa THE Zimbabwe Revenue Authority (ZIMRA) has instructed chicken abattoirs to pay 15 percent value-added-tax (VAT) on all inputs, including capital investments used in broiler production, post statutory instrument (SI) 26A of 2017. …

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Tobacco farmers at their wits’ end May 23, 2017 Business Obert Chifamba Agri-InsightTobacco farmers’ woes at the auction floors started as a blooper by banks that was tolerable and mildly transgressive but it has evolved into a repetitive, insipid seasonal mess that is creating paupers out of potentially vibrant business people. These farmers are confronted with …

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Dendairy records growth in milk supply May 23, 2017 Business Lovemore Zigara, Midlands CorrespondentKWEKWE-based milk processor Dendairy has recorded a steady growth in milk supply over the past six months spurred by the growth of the dairy herd in the country. This comes after the country facilitated the importation of dairy cows to boost the national herd …

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Upbeat Nestlé invests US$30m in Zim May 19, 2017 in Business Like all other businesses in the country, liquidity challenges being faced by the country have also affected our business. However, we always take a long-term approach to doing business and we focus on providing the best nutrition solutions for our consumers in good and bad times. …

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Cash shortages and cash offences May 20, 2017 in Columnists, Opinion & Editorials Various legislative and policy interventions have being employed by the government and the Reserve Bank to try and address the permanent cash shortages bedevilling the country. Rights: MIRIAM TOSE MAJOME Accordingly, the owner of property, such as cash, has or should have exclusive ownership rights …

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Comesa seeks maize trade harmonisation May 22, 2017 Business Senior Business ReporterTHE Common Market for Eastern and Southern Africa (Comesa) plans to implement a framework that will facilitate flexibility in the trading of maize in the bloc by member states. Experts from Comesa secretariat and heads of bureaus of standards from Kenya, Rwanda and Uganda recently …

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Poor agriculture output affects Zim-Asset Companies & Markets May 18, 2017By Staff Reporter Agriculture, Mechanisation and Irrigation Development Minister, Joseph Made NYANGA –The Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) has failed to achieve its targets due to underperformance of the agricultural sector, a government official said last week.Launched in 2013 as the successor to the …

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