Trade finance in action: DFID/grain millers import facility

Trade finance in action: DFID/grain millers import facility December 8, 2016 in Business Zimbabwe is grappling with its worst drought in decades, which has left nearly half the population in need of food aid. Financial sector spotlight with Omen Muza At the same time, due to depletion of banks’ nostro accounts, importers — among them grain traders — …

Fruit vendor turns to plastic money

Fruit vendor turns to plastic money December 6, 2016 Local News A vendor Believe Kativho (in yellow golf shirt) sells mazhanje using a Point of Sale machine along Borrowdale Road in Harare yesterday. — (Picture by Tariro Kamangira) Samantha Chigogo Herald Correspondent— ZIMBABWEANS are fast embracing plastic money, with some fruit and vegetable vendors now using point …

Collateral breakthrough Govt gazettes movable property security law

Collateral breakthrough Govt gazettes movable property security law December 6, 2016 Business President Mugabe Bianca Mlilo, Business ReporterThe Government has gazetted the Movable Property Security Interests Act, which will see individuals use their movable properties as collateral in accessing loans. The Act was gazetted on November 28 and will become operational on a date to be set …

Fuel marking in January 2017

Fuel marking in January 2017 Companies & Markets December 1, 2016By Staff Reporter   ZERA chief executive officer, Gloria Magombo   AN executive  with the Zimbabwe Energy Regulatory Authority (ZERA) has indicated that the country will start marking fuel in January next year, a move that would help  combat fuel fraud, the Financial Gazette’s Companies and Markets …

Shortage-hit Zim has large fuel stocks

Shortage-hit Zim has large fuel stocks Top Stories December 1, 2016By Phillimon Mhlanga, Business Reporter     RBZ governor, John Mangudya ZIMBABWE has fuel stocks that could last up to the end of January next year, despite shortages that have resulted in several pump stations running out of petroleum products in the past few weeks, sector …

Command Agriculture ropes in livestock farmers

Command Agriculture ropes in livestock farmers November 26, 2016 Local News Auxilia Katongomara, Chronicle ReporterMORE than 600 000 livestock farmers from Matabeleland and Masvingo provinces are set to benefit from the Government’s Command Agriculture programme. The Government has already identified the farmers and is working on various approaches to educate them on commercialisation. Responding to a question …

They are here: RBZ releases bond notes into market today

They are here: RBZ releases bond notes into market today November 28, 2016 Headlines, Top Stories Oliver Kazunga/Mashudu Netsianda, Senior ReportersTHE Reserve Bank of Zimbabwe (RBZ) is set to release bond notes into the market today in a move that is set to stimulate economic growth and ease cash shortages. RBZ Governor Dr John Mangudya said the bond …

Policies and Regulations Impeding Growth of the Livestock Sector

Policies and Regulations Impeding Growth of the Livestock Sector   The agricultural sector in Zimbabwe currently contributes 11% to the gross domestic product (GDP) and primary production of livestock is estimated to contribute 22% of the agricultural GDP. However, these indicators exclude subtle benefits provided by the livestock sector which include contributions to human nutrition …

DPC pushes for new Tetrad audit

DPC pushes for new Tetrad audit November 21, 2016 in Business THE Deposit Protection Corporation (DPC) plans to institute a forensic audit into Tetrad Investment Bank as part of efforts to establish reasons behind the collapse of a number of banks in Zimbabwe in a bid to punish the culprits who have prejudiced depositors millions of dollars, …

Govt allays fuel shortage fears

Govt allays fuel shortage fears November 25, 2016 Headlines, Top Stories Mr Mbiriri Abigail Mawonde Herald Correspondent— ZIMBABWE has enough fuel in stock and there is no need to panic over false social media reports suggesting a crisis, Government has said. Energy and Power Development Secretary Mr Partson Mbiriri disputed the fuel shortage claims as unfortunate.“There is an unfortunate …