Commercial Farmers' Union of Zimbabwe
Colcom revenue clocks $33m in six months March 17, 2017 Business Business ReporterLISTED meat processor Colcom Holdings Limited’s revenue clocked $33 million in the six months period to 31 December 2016, which is an increase of eight percent against the comparative period. The firm’s financial results for the period indicate the group maintained a growth trajectory …
Bankers warn over interest rate cuts Companies & Markets March 16, 2017By Own Correspondent Bankers’ Association of Zimbabwe president, Charity Jinya THE Bankers Association of Zimbabwe (BAZ) has warned that any further cuts in interest rates may result in banks reducing lending to the productive sector as they opt for state issued Treasury Bills, which are seen …
Agric firms require priority in forex allocation March 16, 2017 in Business Agriculture minister Joseph Made says companies that import agricultural inputs should be given top priority in the allocation of foreign exchange to ensure availability of inputs to drive output. BY BUSINESS REPORTER Joseph Made In his remarks at the official opening of the 2017 tobacco …
Read more “Agric firms require priority in forex allocation”
Audit raps Irrigation Dept March 15, 2017 Local News Zvamaida Murwira Senior ReporterAuditor-General Ms Mildred Chiri has rapped the Irrigation Department for weaknesses contributing to the underutilisation of irrigable land through failing to complete projects. The department was also accused of late delivery of construction materials, poor performance by contractors and lack of maintenance of infrastructure. In her 2016 …
$1 000 cash withdrawals for tobacco farmers March 15, 2017 Business Business ReporterTHE 2017 tobacco marketing season opens today with the Reserve Bank of Zimbabwe pledging $1 000 cash withdrawals for the first sale of the crop for small scale farmers. Hopes are high that the country will reap more foreign exchange earnings from tobacco, which …
Leather strategy fails to rescue sector Companies & Markets March 9, 2017By Staff Reporter Industry Minister Mike Bimha A FIVE-YEAR Zimbabwe National Leather Development Strategy (ZNLDS), launched in 2013, has not turned around fortunes in the leather sector as current indications are that the situation has further deteriorated.Since the turn of the millennium, the leather sector …
EDITORIAL COMMENT: Command Agriculture to kick-start economic boom March 8, 2017 Opinion & Analysis THE Government-initiated Command Agriculture programme is proving to be a masterstroke as initial assessments are already pointing to a bumper harvest in excess of three million tonnes of maize after exceeding the targeted two million tonnes. This is remarkable considering that the …
Wanted: Innovative ways of creating markets March 6, 2017 Features, Opinion & Analysis Abigail at the rabbit project Paidamoyo Chipunza Senior Health ReporterSecuring funding to start up a low cost income generating project is a mammoth task for many Zimbabweans in this high macro-economic environment. The situation is even worse for individuals in some rural areas, who …
Innovation by Metbank improves agric inputs supply Companies & Markets March 2, 2017By Own Correspondent Metbank had, through its offshore relationships, arranged for fertiliser stocks and raw material to be brought into Zimbabwe. By Christopher Mahove METBANK Limited made some timely intervention this 2016/17 agricultural season by stitching together a triangular relationship that helped in enhancing …
Read more “Innovation by Metbank improves agric inputs supply”
Incompetence costs Tanganda US$300 000 0 Companies & Markets March 2, 2017By Staff Reporter Tanganda Tea Estates has lost at least US$300 000 in potential revenue. GROSS incompetence resulted in agro-processing firm, Tanganda Tea Estates, losing at least US$300 000 in potential revenue after one of its directors planted macadamia tree seedlings without first grafting them …