Food imports continue to grow

Food imports continue to grow July 13, 2015 Business Mr Sam Malaba Business ReporterPROCESSED food imports have surpassed the $1 billion mark each year from 2012 negatively contributing to the trade deficit, which reached $3,4 billion last year. Bankers Association of Zimbabwe president Mr Sam Malaba said processed food imports contribute a significant part of the …

Defaulting farmers lose property

Defaulting farmers lose property July 9, 2015 Local News Elita Chikwati Agriculture ReporterSome farmers have lost their property to banks and contractors after failing to pay back loans, their representative bodies have confirmed. The farmers are losing houses, tractors, carts, roofing materials and livestock for not paying back loans. Zimbabwe Farmers’ Union executive director, Mr Paul Zakariya said …

Focus turns to Agri-Business Conference

Focus turns to Agri-Business Conference by Emilia Zindi | Sunday, Jul 5, 2015 | 113 views     Emilia Zindi Agriculture Editor THE major highlight of the 105th edition of the Harare Agricultural Show, which will be held next month, will be the annual National Agri-Business Conference to be co-hosted by the Zimbabwe Agricultural Society and the National Economic …

ZCFU Seeks Funding For Research

ZCFU Seeks Funding For Research 2 Jul 2015 “We know we can’t find funding of research from government right now but I think sourcing from other avenues is possible”. Kenneth Matimaire MUTARE — The Zimbabwe Commercial Farmers Union (ZCFU) is seeking funding for agricultural research, which plays a pivotal role in the development of the …

No Free Inputs For Farmers

No Free Inputs For Farmers Tabitha Mutenga 2 Jul 2015 “Communal and A1 farmers have been benefitting from the Presidential Input Scheme but government is considering reviewing the modus operandi of this scheme”. GOVERNMENT will this year stop dishing out free agricultural inputs to communal and A1 farmers, but will instead introduce a subsidy on agricultural …

DPC takes over Tetrad judicial management

DPC takes over Tetrad judicial management July 3, 2015 Business Harare BureauTHE Deposit Protection Corporation Zimbabwe has taken over the provisional judicial management of Tetrad Investment Bank, following the resignation of Winsley Militala in a step towards liquidation of the bank. In a statement, the Reserve Bank of Zimbabwe said “within the framework of promoting the …

Profiling credit risk for smallholder farmers

Profiling credit risk for smallholder farmers July 2, 2015 Business Farayi Dyirakumunda CorrespondentLending to small-holder Zimbabwean farmers is important for food security, household income and economic growth. Agriculture has traditionally been the largest employer of the Zimbabwean economy and the importance of financing small-scale and communal farmers is evident so as to reposition the country as the …

Farmers urged to shun donor dependency

Farmers urged to shun donor dependency July 1, 2015 in National, News AGRICULTURE deputy minister (Crops, Mechanisation and Irrigation) Davis Marapira has urged plotholders at the Ngezi-Mamina irrigation scheme in Mhondoro to desist from relying on government and donor dependency and come up with their own strategies to revive their scheme which is on the verge of collapse …

Amatheon partners Toyota Tsusho in $10m Zambia project

Amatheon partners Toyota Tsusho in $10m Zambia project June 29, 2015 in Business Amatheon-Agri Group — a German agribusiness and food company — has teamed up with Toyota Tsusho Corporation in a $10 million partnership project in Zambia.   BUSINESS REPORTER Amatheon operates sustainable agricultural projects in Zimbabwe, Zambia and Uganda and invests in the food processing …

Agribank Secures US$20m Credit

Agribank Secures US$20m Credit Phillimon Mhlanga 25 Jun 2015 Agricultural Development Bank of Zimbabwe has secured a US$20 million loan from Africa Export Import Bank. STATE-controlled agro-lender, the Agricultural Development Bank of Zimbabwe (Agribank) has secured a US$20 million loan from Africa Export Import Bank (Afreximbank), the Financial Gazette’s Companies &Markets can report.The Afreximbank facility was introduced by …