Category: Finance and Economics (archives)

The Imperative for CRBs in Agricultural Financing November 26, 2015 in Columnists, Opinion & Editorials AS industry efforts to effectively manage Non Performing Loans (NPLs) intensify, access to commercial credit by the real sectors such as agriculture can easily become constrained. Guest columnist, Alan Goodrich, explains the critical role of Credit Reference Bureaus (CRBs) in striking a balance, …

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PAT ON THE BUDGET…Chinamasa avails $4bn plan…Economy to grow 2,7% November 27, 2015 Headlines, Top Stories Prosper Ndlovu and Nduduzo Tshuma Business Reporters—FINANCE Minister Patrick Chinamasa yesterday unveiled a $4 billion budget for 2016 containing a raft of fiscal policy measures aimed at attracting increased investment and rejuvenating the economy. Chinamasa identified revitalising agriculture and its value chain in …

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Agro products imports banned November 27, 2015 Local News From George Maponga in MasvingoGovernment has banned the importation of sugar, mealie-meal and flour, among other products with immediate effect, Deputy Minister of Agriculture, Mechanisation and Irrigation Development responsible for Cropping, Cde Davis Marapira, said yesterday. As such, Government has started withdrawing import licences from individuals and companies …

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Banks to fund farmers November 27, 2015 Local News Conrad Mwanawashe Business ReporterAgricultural financing for the 2015-16 season will be done through credit from the banking sector, support arrangements from Government, cooperating partners and farmers’ own resources, a Cabinet Minister has said. Presenting the 2016 National Budget, Finance and Economic Development Minister Patrick Chinamasa said Government’s support …

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Cotton farmers to receive inputs November 24, 2015 Business Martin Kadzere Senior Business ReporterGOVERNMENT has announced input packages for cotton farmers, which will see thousands of farming households receiving seed, fertilisers and chemicals this season. Distribution of inputs has already started, Agriculture, Mechanisation and Irrigation Development Minister, Joseph Made said. The Government is targeting 250 000 hectares. …

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Cotton farmers to get assistance November 20, 2015 Business Brighton Gumbo, Business ReporterAGRICULTURE, Mechanisation and Irrigation Development Minister Joseph Made says the government will assist scores of farming households in the country with cotton inputs as part of measures to increase output. Responding to a question on what the government was doing to help vulnerable cotton …

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EU To Unveil €40 Million Livestock Grant Staff Reporter 19 Nov 2015 Zimbabwe has an estimated 5,4 million cattle. THE European Union (EU) will early next year unveil a €40 million grant to assist Zimbabwe develop its livestock.This is meant to improve the supply of beef, spur productivity and competitiveness of the product coming out of …

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Greedy govt swindling us, farmers fume Posted on November 17, 2015 by ZimSitRep_W — No Comments ↓ via Greedy govt swindling us, farmers fume – New Zimbabwe 17/11/2015 THE Commercial Farmers Union (CFU) says the government’s recently gazetted law requiring farmers to pay rent and levies is a way of siphoning money from its struggling poor members. CFU Director, Hendrik Olivier, said very …

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Tongaat Hulett to cut jobs, salaries November 17, 2015 Business Sugar producer, Tongaat Hulett is to cut jobs in the next few months as the drought-hit agro-processing firm — whose half-year profits declined by 10 percent to R1,36 billion battles declining profitability from its South Africa and regional operations, forcing it to embark on a cost-cutting …

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