Commercial Farmers' Union of Zimbabwe
Savanna Tobacco gears for expansion September 2, 2015 Business Cigarette manufacturer Savanna Tobacco is gearing to expand its footprint on the African continent and has made key changes to its structures in pursuit of that objective, the company said yesterday. The Savanna group, chaired by Adam Molai, announced appointment of two key executives namely Mr Nick Hales as …
State to assume Cottco debt September 1, 2015 Business Happiness Zengeni/ Martin Kadzere Harare BureauTHE government is set to take over the majority shareholding in Cottco Holdings through a debt-equity swap, sources familiar with the scheme said. The scheme will allow the conversion of high interest debt of about $56 million plus using bad debt buying unit …
GMB seeks $50m to recapitalise August 31, 2015 Business GMB has 12 silo plants across the country with a holding capacity of 750 000 tonnes Business ReportersThe Grain Marketing Board is seeking $50 million to recapitalise its operations. Of the funds, $31 million will go towards the rehabilitation of its silos, $10 million on the recapitalisation of …
Baz explains framework for Agric financing by kuda bwititi | Sunday, Aug 30, 2015 | 242 views This summer cropping season, farmers who have settled previous debts with financial institutions will have access to bank loans, Bankers’ Association of Zimbabwe president Mr Luke Malaba has said. An exercise is already underway to blacklist those with high default rates …
National Foods pours $6m into contract farming August 28, 2015 Business National Foods in Bulawayo Harare BureauNATIONAL Foods has invested about $6 million into contract farming for the 2015/2016 season with 4,200 hectares under the wheat crop. National Foods chief executive Mike Lashbrook yesterday said the company will continue supporting contract farming despite the prevailing economic …
Fuel prices go down ore Sharing Services JOHN KACHEMBERE • 27 AUGUST 2015 12:14PM • 0 COMMENTS HARARE – Crisis-weary Zimbabweans finally have something to smile about following the recent decline in fuel prices. A snap survey by the Daily News in the country’s major cities and towns such as Harare, Bulawayo, Masvingo, Mutare, Marondera, Kwekwe and Bindura revealed …
Much ado about nothing August 27, 2015 in Columnists, Opinion & Editorials I can’t afford to be pessimistic about our future. I can’t imagine another year at most with Zanu PF at the helm. I want to believe that the tyranny is fast crumbling and we must be ready to occupy the vacuum that will be created when …
Five key reasons why Zimbabwe’s economy will be far worse in 2016 “Since international capital is a coward, no one is prepared to risk their money in a tiny overrated economy like Zimbabwe whose leaders are, in fact, giant pillaging marauders whose appetite for corruption and lawlessness makes that of the yakuza look like child’s …
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Challenges In Mobilising Agric Funding For 2015/16 Season 20 Aug 2015 Minister of Finance Patrick Chinamasa Peter Gambara THE Minister of Finance Patrick Chinamasa recently announced, in his 2015 Mid Term Fiscal Policy, that the country will need US$1,7 billion for the 2015/16 summer season. This money is expected to come from different sources that …
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‘Further land grabs could dampen investor sentiment’ Posted on August 17, 2015 by ZimSitRep_M — 4 Comments ↓ via ‘Further land grabs could dampen investor sentiment’ – DailyNews Live 17 August 2015 by Ndakaziva Majaka HARARE – Government last week announced it was going to repossess land owned by wines and spirits maker African Distillers (Afdis) and 22 other white-owned farms, a move …
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