Beitbridge Juicing targets 70% export growth

Beitbridge Juicing targets 70% export growth November 24, 2016 in Business SCHWEPPES Zimbabwe’s fruit processing and juice blending division — Beitbridge Juicing — targets to increase exports by 70% in the next five years, buoyed by a variety of fruits production and a strong out-grower network of commercial and small-scale farmers. BY MTHANDAZO NYONI The company has …

2016 tobacco exports rake in US$722 million

2016 tobacco exports rake in US$722 million National Report November 22, 2016By Staff Reporter The global supply of tobacco was negatively affected by an El Nino-induced drought. TOBACCO exports for 2016 show that the country has earned US$722 million from the 131 million kilogrammes of tobacco.Major export destinations are China, Indonesia, Belgium, South Africa, Sudan and …

Old Mutual launches smallholder farmers insurance product

Old Mutual launches smallholder farmers insurance product Top Stories November 22, 2016By Staff Reporter Old Mutual Zimbabwe Chief executive officer, Jonas Mushosho ZIMBABWE’S largest integrated financial services group, Old Mutual has pioneered a pilot drought insurance product for smallholder farmers in partnership with Blue Marble Micro Insurance.Blue Marble is owned by eight international insurance giants with …

Gweru pegs $2 fee for urban farmers

Gweru pegs $2 fee for urban farmers November 23, 2016 in News Gweru City Council has set $2 as a registration fee for urban farmers, failure of which their crops would be slashed, Southern Eye has established. BY Stephen Chadenga Acting town clerk, Edgar Mwedzi said urban cultivation would only be allowed to plot holders, who register …

Premium Tobacco takes over Tribac

Premium Tobacco takes over Tribac November 23, 2016 Business Tobacco farm Business Reporter— PREMIUM Tobacco International, the world’s third largest tobacco merchant has acquired the assets of Tribac, a local tobacco contracting firm for an undisclosed amount.Tribac is owned by a consortium of local businessmen compromising Kenneth Butchart, Victor Brown and Pete Chilvers. Premium Tobacco, the …

Scrap Tobacco Levy, Chinamasa urged

Scrap Tobacco Levy, Chinamasa urged November 23, 2016 Local News Zimbabwe is this year likely to see a 10-15 percent decline in the volume of tobacco delivered to the auction floors due to the unfavourable weather Elita Chikwati Senior Reporter—Farmers have urged Finance and Economic Development Minister Patrick Chinamasa to scrap Tobacco Levy in the 2017 National …

Farmers complain over land tax

Farmers complain over land tax November 22, 2016 Local News Elita Chikwati Agriculture ReporterFarmers have raised concern over the land tax, which they say should not be charged across the board as the land is not uniform in terms of agro-ecological regions and agricultural activities being under taken. The levy, initiated through the Finance Act No 8 of …

GMB pays farmers US$120 million

  GMB pays farmers US$120m  SUNDAY MAIL REPORTER 1 DAY AGO Sunday Mail Reporter—THE Grain Marketing Board has paid US$124 million to maize and wheat farmers ahead of the 2016/2017 summer cropping season. Maize farmers were paid US$82 million for the 210 278 tonnes they delivered to the utility, while winter wheat farmers received US$41,4 million …

IFAD extends $25,5m irrigation grant to govt

IFAD extends $25,5m irrigation grant to govt November 18, 2016 in Business The International Fund for Agricultural Development (IFAD) is today expected to extend a $25,5 million grant to government to support smallholder irrigation revival programmes in Zimbabwe. BY VICTORIA MTOMBA The signing ceremony for the grant, which was approved by IFAD in September this year, will …