ZINWA owed over $133m

ZINWA owed over $133m June 22, 2016 Business Consumers who draw water from dams around the country owe the Zimbabwe National Water Authority (Zinwa) in excess of $133 million, Parliament heard yesterday. Zinwa chief executive officer Jefta Sakupwanya told the Parliamentary Portfolio Committee on Lands, Agriculture Mechanization and Irrigation that most water consumers were reluctant to pay …

Comesa scraps 168 non-tariff barriers

Comesa scraps 168 non-tariff barriers June 20, 2016 Business Prosper Ndlovu Business Editor—THE Common Market for Eastern and Southern Africa (Comesa) has eliminated 168 Non-Tariff Barriers (NTBs) out of 172, which were reported since 2008 as regional integration efforts intensify. The most recent NTB to be resolved was between Swaziland and Zimbabwe, said Comesa in a notice on …

Wheat farmers urged to use plastic money

Wheat farmers urged to use plastic money June 20, 2016 Local News Deputy Minister Davis Marapira Brenda Ziga Herald ReporterGovernment has urged wheat farmers to use of plastic money to buy inputs to meet the wheat planting deadline, an official has said. Agriculture, Mechanisation and Irrigation Development Deputy Minister (Crops and Irrigation) Davis Marapira said wheat farmers …

Barclays invests in young farmers

Barclays invests in young farmers June 17, 2016 Business Conrad Mwanawashe : Business Reporter BARCLAYS Bank Zimbabwe has, since last year, invested over $400 000 into the development of agribusiness entrepreneurs, particularly young people who dropped out of school with the aim of helping them make a fresh start. Under the initiative known as: Fit for Life Programme …

Contract farming: Future for agric

Contract farming: Future for agric June 16, 2016 Features, Opinion & Analysis Tobacco farmer Mr Denford Mutwiwa displays some of his crop being baled to Tian Ze legal officer Ms Fortunate Mkosi at his Teryden Farm in Headlands recently Sydney Kawadza : Senior Features Writer “We started by taking the crop to the auction floors until we …

Update on traveller’s rebate

Update on traveller’s rebate June 16, 2016 Business The traveller’s rebate is a duty-free allowance which is granted to bona fide travellers, subject to prescribed conditions. It is divided into two categories namely total rebate and partial rebate. Total rebate is an allowance granted on all used personal effects. Personal effects refer to articles pertaining to or …

Trade delegation to Japan bags 10,000 tractors deal

Trade delegation to Japan bags 10,000 tractors deal June 16, 2016 Business Innocent Ruwende, Harare BureauZIMBABWE has clinched major business deals with Japanese companies that are expected to bring in Foreign Direct Investment into the country in the next few months. A trade delegation that went to Japan last week signed the deals which should open …

Banks slash charges…New fees to promote plastic money usage

Banks slash charges…New fees to promote plastic money usage June 15, 2016 Headlines, Top Stories RBZ governor John Mangudya Harare BureauTHE Reserve Bank of Zimbabwe (RBZ) has with immediate effect reduced charges on all electronic transactions to ease the burden on banking clients and to promote use of electronic banking services. In a statement yesterday, the RBZ …

Local banks must support farmers

Editorial Comment: Local banks must support farmers June 14, 2016 Features, Opinion & Analysis Recently a number of foreign companies have put together financing packages for the agriculture sector. This has seen farmers receiving credit support in the form of tractors and irrigation equipment. It is the level of confidence shown by the foreign firms in …

Police dismiss social media cash hoax

Police dismiss social media cash hoax June 11, 2016 Local News Snr Asst Comm Charamba Crime ReporterThe Zimbabwe Republic Police has dismissed as false, reports circulating on social media that it is an offence for any person to be found carrying more than $200. In a statement, police chief spokesperson Senior Assistant Commissioner Charity Charamba said some …