Fertiliser industry stuck with 300 000t

Fertiliser industry stuck with 300 000t http://www.herald.co.zw/ Tuesday, 25 October 2011 00:00 Elita Chikwati Agriculture Reporter ZIMBABWE’S fertiliser industry is reportedly stuck with 300 000 tonnes of the commodity as farmers do not have money to buy. Many farmers are preparing for the summer cropping season, but there has not been any meaningful change in the uptake …

Diesel shortage hits Harare

Diesel shortage hits Harare http://www.dailynews.co.zw By Gugulethu Nyazema, Senior WriterMonday, 24 October 2011 08:56 HARARE – Harare has been hit by a shortage of diesel that has affected various sectors of the economy. A snap survey by the Daily News yesterday revealed that most service stations did not have the precious commodity. Fuel attendants told the Daily …

Inflation to close year above target

Inflation to close year above target http://www.theindependent.co.zw/ Thursday, 20 October 2011 17:13 Reginald Sherekete INFLATIONARY pressures took itstoll in the month of September 2011 with the year on year figure peaking to 4,3% on the back of increases in prices in both food and non alcoholic beverages and non food components of the Consumer Price Index (CPI). But …

Biti tells govt to give farmers long leases

Biti tells govt to give farmers long leases http://www.thestandard.co.zw/ Saturday, 15 October 2011 16:10 BY NDAMU SANDU FINANCE minister Tendai Biti says there is need for long leases that can be used by farmers to borrow from the banks among a host of recommendations designed to make agriculture a viable business. This, according to Biti, will allow farmers …

Biti’s statement on 2011-2012 Agricultural Inputs

Biti’s statement on 2011-2012 Agricultural Inputs LAUNCH OF THE 2011/12 GOVERNMENT FUNDED AGRICULTURAL INPUT SUPPORT FACILITIES Introduction 1. Honourable Ministers, the 2011/12 agriculture season has started in earnest with farmers already preparing for the season following the recent rains received throughout the country. 2. The agricultural sector remains one of the key sectors of the economy together with communications …

Government to issue Diaspora Bond

Government to issue Diaspora Bond http://www.theindependent.co.zw/ Thursday, 13 October 2011 15:30 Nqobile Bhebhe FINANCE minister Tendai Biti says government will issue another Diaspora Bond after overwhelming success of US$50 million bond floated in July.He said a follow-up instrument is being worked on and would be announced in the 2012 national Budget. The idea of the Diaspora Bond …

Corruption rocks multi-million Ethanol project in Chisumbanje

Corruption rocks multi-million Ethanol project in Chisumbanje http://www.swradioafrica.com By Tichaona Sibanda13 October 2011 The Chisumbanje ethanol plant, which cost $600 million to construct, is reportedly embroiled in serious corruption allegations following revelations that government only controls 10 percent of the shares in the project. The controversy surrounding the money spinning project, approved by government on the understanding it …

Tough times ahead for Zimbabwe’s farmers

Tough times ahead for Zimbabwe’s farmers http://www.businesslive.co.za/ 09 October, 2011 13:38Patrick MusiraBusinessLIVE Commercial farmers in Zimbabwe this week issued a damning outlook of the coming agricultural season, saying the future of the sector was gloomy, with dismal statistics on productivity on farms and an uptick in violence a challenge. Zimbabwe’s former white commercial farmers under the Commercial Farmers’ Union …

Zimbabwe would need huge sum to compensate local currency holders

Zimbabwe would need huge sum to compensate local currency holders http://www.timeslive.co.za Sapa-dpa | 08 October, 2011 09:27 The Zimbabwean government would need 54 billion dollars to compensate people who lost their savings when the country abolished its own currency two years ago, a state-owned newspaper reported Saturday. The Herald quoted Finance Minister Tendai Biti saying the huge …

Scepticism over Zim growth prospects

Scepticism over Zim growth prospects http://www.businesslive.co.za 06 October, 2011 14:23Tawanda KaromboBusinessLIVE Zimbabwe’s economy, currently battling against a heavy saddle of rampant price distortions and surging inflation, is expected to slow down in 2012 despite strong growth projections for the current year, Finance Minister, Tendai Biti has said. Despite signs of revival, Zimbabwe’s economy has of late given up …