Banks put damper on farming season

Banks put damper on farming season October 14, 2015 Local News, Top Stories Paul Zakariya Harare BureauFarmers’ preparations for the forthcoming farming season have been thrown into disarray after commercial banks yesterday announced prohibitive conditions that leave the $1 billion facility accessible only to a few. Banks recently unveiled a $1 billion package that was set to benefit …

Paying back agricultural loans

Paying back agricultural loans October 8, 2015 Business Agriculture Tapuwa MashangwaIT’S a fact, there’s no money for free especially when it comes to loans attached with interest rates. We make the error of somewhat celebrating when we obtain agricultural loans from the European Union (EU), Brazil, African Development Bank (ADB), World Bank (WB), International Monetary Fund (IMF) …

Cotton growers to receive inputs

Cotton growers to receive inputs Posted on October 6, 2015 by ZimSitRep_W — No Comments ↓ via Cotton growers to receive inputs | The Herald October 6, 2015 Cotton growers are set to benefit from the Presidential Inputs Support Scheme this year, with each household receiving inputs for a quarter of a hectare, Agriculture, Mechanisation and Irrigation Development Minister, Dr Joseph Made said …

Local banks to reduce loans to maize farmers

Local banks to reduce loans to maize farmers October 2, 2015 in News In a bid to limit local banks’ exposure to bad loans and defaults in the 2015/2016 agriculture season, financial institutions channeled 60% of the US$933 million pledged to fund agricultural activities to the blossoming tobacco farming, a banking official has said.   Fidelity Mhlanga …

EU funds Zim aquaculture projects

EU funds Zim aquaculture projects September 28, 2015 Business Brighton Gumbo Business ReporterTHE European Union has set aside $4.5 million to finance aquaculture projects in eight selected districts in the country as part of its food security and nutrition cluster support. The funding covers projects that began in October 2013 and ends in October 2017. World Vision International-Zimbabwe, Basilizwi Trust …

‘Offer tax concessions to stimulate investment’

‘Offer tax concessions to stimulate investment’ September 24, 2015 Business Business ReporterTHERE is a need for the government to consider offering tax concessions and credits for innovation as part of measures to stimulate investment and economic growth, former Industry and Commerce Minister Professor Welshman Ncube has said. Developing a vibrant economy, he said, should be hinged …

Banks set aside $1bln for agric inputs

Banks set aside $1bln for agric inputs September 24, 2015 Local News Minister Joseph Made Harare BureauBANKS have set aside nearly $1 billion to support the 2015/16 agricultural season as the government yesterday started moving crop inputs under the Presidential Inputs Well-Wishers Scheme to farming areas to benefit almost 350,000 households and the vulnerable. On the …

Farmers call for special fuel dispensation

Farmers call for special fuel dispensation September 24, 2015 in National, News The Commercial Farmers’ Union (CFU) has called on government to provide a special fuel dispensation for farmers to cushion them against continued power cuts. BY SILENCE CHARUMBIRA This comes amid indications that the winter wheat season has failed to produce the desired results, mainly due to …

Govt gazettes new fuel prices

Govt gazettes new fuel prices September 19, 2015 Headlines, Top Stories Fidelis Munyoro Chief Reporter—Government has revised the country’s fuel pricing model to place it on the same level with regional standards and halt gross overcharging of petroleum products by some unscrupulous dealers. According to the new regulations, applicable profit margins for fuel wholesale and retail are now $0.06 …

Business cheer fuel price reduction

Business cheer fuel price reduction September 15, 2015 in News Consumers and the business sector say government’s directive to reduce the price of fuel will result in the reduction in prices of goods and services. BY TARISAI MANDIZHA Government recently directed fuel players to reduce petrol and diesel retail prices by seven cents and five cents, respectively. …