Agribank to sell stake for $70m

Agribank to sell stake for $70m Posted on February 6, 2014 by ZimSitRep_J — 3 Comments ↓ via Agribank to sell stake for $70m – DailyNews Live by John Kachembere  5 FEBRUARY 2014 Distressed Agricultural Bank of Zimbabwe Limited (Agribank) says it will soon float a tender to dispose of a 49 percent stake to private investors valued at $70 million following an …

State, banks meet over 99-year leases

State, banks meet over 99-year leases – SundayMail Posted on January 19, 2014 by ZimSitRep_J — 1 Comment ↓ via State, banks meet over 99-year leases  19 January 2014  SundayMail by Itai Mazire The Government has begun refining the 99-year lease agreements issued to beneficiaries of the land reform programme to enable the farmers to access funding from financial institutions. Under the present set-up, …

‘Resolve 99-year lease impasse’

‘Resolve 99-year lease impasse’ | The Herald Posted on December 9, 2013 by ZimSitRep_J — 1 Comment ↓ via ‘Resolve 99-year lease impasse’ | The Herald December 9, 2013 CONCERN on the non-transferability of 99-year leases remains the single biggest impediment to efforts to the land use contracts acceptable as security for bank loans to fund initiatives aimed at rejuvenating agricultural production and …

High Court to resume theft of funds case against RBZ

High Court to resume theft of funds case against RBZ Posted on December 2, 2013 by ZimSitRep_J — 1 Comment ↓ via High Court to resume theft of funds case against RBZ | SW Radio Africa by Tererai Karimakwenda  December 2, 2013 The High Court will on Tuesday resume the case against the Reserve Bank of Zimbabwe (RBZ) and the Standard Chartered Bank …

99-year leases: Banks shift goalposts

99-year leases: Banks shift goalposts November 29, 2013 Business Banks want the finalisation of 99-year leases that will ensure that land becomes bankable Golden Sibanda Senior Business ReporterBANKS have made fresh proposals regarding bankable 99-year leases in a development that could delay the use of the farm tenure contracts as collateral for purposes of obtaining funding …

‘Ban food imports’

‘Ban food imports’ Posted on November 28, 2013 by ZimSitRep_J — 4 Comments ↓ via ‘Ban food imports’ – DailyNews Live by Thelma Chikwanha  28 NOVEMBER 2013 Simbaneuta Mudarikwa, minister of State for Provincial Affairs, has called on government to ban imports of cheap foodstuffs to eliminate unfair competition for local producers. Mudarikwa was speaking on the sidelines of a United Methodist Committee …

ZimAsset dead with corruption

ZimAsset dead with corruption Posted on November 27, 2013 by ZimSitRep_J — No Comments ↓ via ZimAsset dead with corruption November 25, 2013  NewsDay Last week, World Bank director for Poverty Reduction and Economic Management in Africa Marcelo Giugale made telling, but obvious remarks at an AMH Conversations dialogue held in Harare under the theme Leveraging Minerals for Shared Growth.Under a story …