ARDA struggles to repay $11m debt

ARDA struggles to repay $11m debt February 9, 2015 Business Tinashe Makichi Business ReporterThe Agricultural Rural Development Authority is failing to repay an $11 million debt as the company is struggling to fully utilise its arable land due to lack of Government support, an audit report by the Office of the Auditor General says. ARDA used …

ARDA enters into partnership with firms to revive estates

ARDA enters into partnership with firms to revive estates February 6, 2015 Business Business ReporterTHE Agriculture Rural Development Authority has entered into medium term partnerships with private firms to revive some of its idle estates, an official has said. The public private partnerships are part of medium to long term measures by ARDA, a State-owned entity, …

Cabinet to enhance competitiveness in economy

Cabinet to enhance competitiveness in economy February 6, 2015 in Business CABINET has adopted a raft of measures to enhance competitiveness of the Zimbabwean economy, among them rebranding the National Pricing and Monitoring Commission (NIPC), Industry and Commerce minister Mike Bimha has said.   TARISAI MANDIZHA The NIPC will be responsible for reviewing all new government business …

‘Private sector key to agricultural growth’

‘Private sector key to agricultural growth’ by Enacy Mapakame | Sunday, Feb 1, 2015 | 93 views     Private sector financing will be crucial to the growth of the agricultural sector as the over-reliance on Government support is unsustainable, Agriculture, Irrigation and Mechanisation Deputy Minister Paddy Zhanda has said. Government remains a key financier of agriculture in Zimbabwe. …

EU pledges $110m farm support

EU pledges $110m farm support THE European Union on Wednesday pledged over $110 million to support the Zimbabwe’s agriculture industry under a five-year fund as the bloc resumes direct aid to the southern African country. The EU lifted its 12-year suspension of direct financial aid to the government of Zimbabwe, imposed after allegations of rights …

Agricultural financing system on the cards

Agricultural financing system on the cards January 28, 2015 in Business     An organisation that caters for the needs of smallholder farmers will in the next few months introduce a warehouse receipting system through which farmers deposit produce and use a receipt to obtain financing from banks. VICTORIA MTOMBABUSINESS REPORTER The Farmers’ Association of Community Self-Help …

Govt raises duty on fuel

Govt raises duty on fuel January 16, 2015 Business Business Reporter—GOVERNMENT has increased duty on fuel by between 28 percent and 33 percent in a development that could erode potential gains from its recent directive for traders to slash prices. According to a Government Gazette, the Customs and Excise (Tariff Amendment) Notice, 2015 (No 18), Government repealed …

Gvt cuts import duty on fuel

Gvt cuts import duty on fuel Posted on January 15, 2015 by ZimSitRep_M — via Gvt cuts import duty on fuel | The Herald January 15, 2015 Government yesterday slashed import duty on fuel in a move expected to trigger a reduction in the cost of other goods and services. This comes as fuel retailers were expected to reduce their prices by at …

Tourism players cry foul over VAT

Tourism players cry foul over VAT January 13, 2015 in Business     TOURISM players in Zimbabwe’s prime resort of Victoria Falls have expressed fear of losing business to neighbouring Zambia following the introduction of the new 15% value-added tax (VAT) on all tourism activities in line with the 2015 National Budget. RICHARD MUPONDESENIOR REPORTER Zimbabwe Tourism …