Category: Finance and Economics (archives)

‘Address liquidity, revive agriculture to salvage industry’ August 14, 2014 in Business     THE immediate solution to the liquidity crunch and revival of the country’s agricultural sector are key steps that can salvage the industrial sector, an official with the Confederation of Zimbabwe Industries (CZI) has said. KUDZAI CHIMHANGWABUSINESS REPORTER The country is currently reeling under …

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GMB to pay farmers August 4, 2014 Local News Dr Chombo Senior ReporterGovernment has released funds to the Grain Marketing Board so that farmers who delivered their grain will be paid starting this week. Addressing Zanu-PF supporters in Magunje on Saturday, Local Government, Public Works and National Housing Minister Dr Ignatius Chombo said he was aware that GMB …

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Govt to settle tobacco retention debt July 30, 2014 Business Mr Charles Msipa Happiness Zengeni Business Editor Government has issued about $30 million worth of Treasury Bills of between two to five years to local banks to offset outstanding amounts owing to tobacco farmers under the Reserve Bank of Zimbabwe Tobacco Retention Scheme. The TBs were issued to …

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Of AMA Bills and misplaced priorities July 25, 2014 Business Shortage of skill has affected growth in agriculture resulting in poor yields per hactare Business Editor It is believed that the Zimbabwean economy is premised on agriculture and mining. At one point some political party had a pay-off line “Land is the economy and the economy is …

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GMB shuts door on middlemen July 25, 2014 Local News Agriculture ReporterGovernment has ordered the Grain Marketing Board not to buy grain from middlemen who are shortchanging farmers by offering low prices for grain which they resale for huge profits. Secretary for Agriculture, Mechanisation and Irrigation Development Mr Ringson Chitsiko confirmed the development in a statement last week. …

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Old Mutual to set up infrastructure fund July 21, 2014 Business Old Mutual is planning to set up funds to support infrastructure and agriculture as part of its contribution to economic activity Conrad Mwanawashe Business ReporterOLD Mutual is setting up infrastructure and agriculture funds to support fiscal activity as the group sees economic rebound in the …

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US$43m needed for Tokwe-Mukosi Dam July 21, 2014 Local News George Maponga Masvingo BureauAN estimated US$43 million is required to complete construction of the Tokwe-Mukosi Dam and Government is confident the project will be completed before the onset of the rainy season.Treasury has since released US$4 million to enable Italian contractor Salini Impregilio to strengthen the …

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MTC invests $37m in tobacco inputs July 17, 2014 Business Mashonaland Tobacco Company (MTC) invested $37 million in inputs given to 12 600 farmers who grew tobacco on a contract basis during the 2013 /14 agricultural season, Parliament heard on Tuesday.Appearing before the Parliamentary Portfolio on Agriculture, Lands and Irrigation MTC managing director Kenneth Langley said …

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Lack of integrity, skill haunting ZimAsset’s agriculture ‘cluster’? July 2, 2014 in Columnists, Opinion     “The farmer that we now have is not the same as we had before. [When may I ask?] The challenge with the new farmer is that of integrity”, said Cotton Company of Zimbabwe – Cottco – Managing Director Collins Chihuri recently explaining …

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AMA to raise $55m for grain Posted on July 1, 2014 by ZimSitRep_W — 4 Comments ↓ via AMA to raise $55m for grain | The Herald 1 July, 2014 THE Agricultural Marketing Authority intends to raise $55 million through the floatation of bills to buy grain produced during the 2013 /14 season, the authority said in a statement.The AMA Bills, which have …

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