Commercial Farmers' Union of Zimbabwe
Biofuels: Zim Losing Billions 25 Jun 2015 Zimbabwe is spending an estimated US$120 million on fuel imports every month, amounting to an annual bill of around US$1,4 billion. Stephen Tsoroti HAMSTRUNG by debilitating liquidity challenges, Zimbabwe is missing the chance to improve its revenue position by neglecting the development of biofuels, a renewable energy expert …
Dangles $80m recapitalisation package June 24, 2015 Business Ngoni Chinogaramombe Harare BureauTHE government has ordered a forensic audit of state-owned meat processor, Cold Storage Company’s (CSC) operations before approving an $80 million injection from a Botswana investor. CSC used to play a leading role in the processing and marketing of Zimbabwe’s beef since its inception in …
Private sector should drive agric sector revival June 19, 2015 Business Tinashe Makichi in Vic FallsZimbabwe’s agricultural sector recovery will require the mobilisation and investment of financial resources from both public and private sources, with the private sector having the responsibility of reviving the sector, an agricultural expert said. Speaking at the 5th Buy Zimbabwe Buy …
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Govt recapitalises Agribank June 17, 2015 GOVERNMENT has injected $30 million to recapitalise Agribank which makes the institution compliant with the Reserve Bank of Zimbabwe (RBZ) minimum capital requirements and enables it to underwrite increased business volumes, the bank said yesterday. BUSINESS REPORTER RBZ requires commercial banks to have minimum equity thresholds of $25 …
Seed Co takes over Prime Seeds June 12, 2015 Business Business ReporterSeed Co Limited has acquired a 100 percent stake in Prime Seeds Limited, one of the biggest vegetable seed growers in the country. Seed Co Limited group chief executive Mr Morgan Nzwere yesterday told analysts at the company’s results briefing that the company has acquired Prime …
Chinamasa pleads with banks June 11, 2015 in Business FINANCIAL institutions should be innovative and create products that tap into the agricultural sector, Finance minister Patrick Chinamasa said yesterday. BY TARISAI MANDIZHA Speaking at the Africa Regional Rural and Agricultural Finance Thematic Conference, Chinamasa said banking institutions in Zimbabwe had failed to adjust to the structural …
CSC owes Botswana P1m for FMD cattle GABORONE — The struggling Cold Storage Company (CSC) owes Botswana one million pula for cattle it imported from the neighbouring country’s foot-and-mouth disease-infested areas. Botswana’s parliamentary Public Accounts Committee (PAC) last week heard that the Bulawayo-headquartered parastatal has not been paying for the cattle imported for slaughter for …
Compliance costs under microscope June 5, 2015 Business Molline Gagare Business ReporterTHE country’s major business bodies – the Confederation of Zimbabwe Industries (CZI), Zimbabwe National Chamber of Commerce (ZNCC) and the Small to Medium Enterprises Association of Zimbabwe (SMEAZ) — are rolling out a survey of business transaction costs to determine their impact on business viability in …
In recent weeks there has been increased speculation of the return of the Zimbabwe dollar causing much anxiety in the country. The Ritesh Anand Column Despite assurances by the Reserve Bank of Zimbabwe governor and the Minister of Finance, some people continue to spread rumours of the imminent return of the Zim dollar. Some see …
90pc Zim farmers lack collateral KUDZAI CHAWAFAMBIRA • 17 MAY 2015 11:23AM • HARARE – Zimbabwe National Farmers Union (ZNFU) says the decline in agriculture production is due to most farmers’ lack of collateral. Edward Dune, ZNFU’s executive director told Parliament this week that close to 90 percent of farmers in the country are in need …