Commercial Farmers' Union of Zimbabwe
India to offer tractors to farmers on credit August 3, 2015 in Business INDIA’S largest combine harvester and tractor’s manufacturer Preet, is in the process of negotiating a $100 million credit facility for Zimbabwe, a move that will assist farmers to purchase farming equipment on credit, Agro Innovations director Tongai Saurombe has said. BY TARISAI MANDIZHA …
Bans, duty hike on used imports July 31, 2015 Headlines, Top Stories Minister Chinamasa Golden Sibanda Senior Business Reporter—GOVERNMENT has banned the importation of second-hand clothes and shoes with effect from September 1 this year, as part of economy-wide measures to facilitate recovery of local industry. The products have been removed from the general import licence, with future importations …
Agriculture slows economic growth July 31, 2015 Business Martin Kadzere Harare BureauFINANCE and Economic Development Minister Patrick Chinamasa has trimmed forecast for economic growth for this year, taking into account poor performance of agriculture. He also said price declines will continue prevailing, with average annual inflation for 2015 now projected at minus 2 percent against the original …
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Agribank lures informal sector July 24, 2015 Business Agribank has created a Unifund account that offers quick loans after three months of sustained banking The Agricultural Development Bank of Zimbabwe (Agribank) has created an account aimed at attracting the informal sector as it diversifies into a micro-finance institution. Agribank divisional manager for corporate banking Priscilla Munyeza …
Agriculture Takes Up 19% Of Banking Sector Loans 13 Jul 2015 Over 70% of the population in Zimbabwe, in one way or another derives their livelihood from land and agriculture for sustenance. LOANS to the agriculture sector take up 19% of the total $3.8 billion availed by the banking sector since dollarisation, Bankers Association of …
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Banks to slash lending rates July 14, 2015 Business Conrad Mwanawashe Business ReporterTHE Reserve Bank of Zimbabwe is expected to announce new measures aimed at containing the cost of lending, currently averaging 20 percent per annum. In a presentation at last week’s Zimbabwe Food Conference and Expo, Agribank Head of Strategy, Marketing and Business Development Mr …
‘ZimAsset success hinges on govt accountability’ July 14, 2015 in Business Zimbabwe’s economic blueprint, Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), would never bring economic freedom unless citizens of Zimbabwe hold government officials accountable, a local research think-tank has said. BY MTHANDAZO NYONI ZimAsset is seen by Zanu PF as the panacea to the country’s economic …
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EDITORIAL COMMENT: Taxing the farmer is the way to go July 13, 2015 Features, Opinion & Analysis THE decline in agricultural production, has to a greater extent been caused by the illegal sanctions imposed by the West and to a lesser degree by the failure by holders of vast tracts of land to use it productively. …
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Banks, farmers impasse unbreakable July 13, 2015 Features, Opinion & Analysis Most of our farmers have less security to offer in the event that they need to acquire bank loans Edmund Kudzayi Political MondaysLAST year we were told the 99-year lease was now bankable and that farmers would be able to borrow money from banks for the …