Withdrawal limits, lending rates go up

Withdrawal limits, lending rates go up    Chronicle 19/2/2021 Prosper Ndlovu, Business Editor THE Reserve Bank of Zimbabwe (RBZ) has increased withdrawal limits to $2 000 from $1 000 and reviewed upwards the bank policy and private sector lending rates as part of comprehensive measures to strengthen price and financial sector stability. The increase in …

Faultlines exposed in Seed Co deal…shareholders will regret merger, says advisory firm

Faultlines exposed in Seed Co deal…shareholders will regret merger, says advisory firm NewsDay 15/2/2021 BY SHAME MAKOSHORI RESEARCHERS at advisory firm Imara dug deep into the hyped Seed Co empire merger before the transaction sailed through early this month and their verdict could stun a market that had long accepted the transaction as foregone conclusion. …

Agribank restructuring takes shape

Agribank restructuring takes shape  Chronicle 4/1/2020   Business Editor THE restructuring and remodelling of the Agricultural Bank (Agribank) of Zimbabwe into a Land Bank is on focus with the rollout of planned processes towards a new entity already underway in line with the Cabinet decision. Cabinet approved the restructuring of Agribank into a Land Bank …

$421.6bn inclusive 2021 budget unveiled

$421.6bn inclusive 2021 budget unveiled The Chronicle 27/11/2020 Prosper Ndlovu, Business Editor FINANCE and Economic Development Minister, Professor Mthuli Ncube yesterday announced a $421.6 billion National Budget for 2021 in which he handed down tax relief measures to cushion workers and corporates in line with the Government’s thrust to steer increased production and widen the …

Tollgates, licensing fees up

Tollgates, licensing fees up  Herald 20/11/2020   Mr Mugabe Business Reporter THE Government has adjusted vehicle tolling and licensing fees keeping in line with the prevailing economic situation and to ensure that the Zimbabwe National Road Administration (zinara) adequately supports road authorities with meaningful disbursements for road development and rehabilitation. The new tariffs contained in …

Restructuring Agribank bodes well for agricultural financing

Restructuring Agribank bodes well for agricultural financing Herald 20/10/2020   The restructuring of Agribank into a land bank is expected to significantly improve farmers’ access to agricultural financing Obert Chifamba Agri-Insight IN her post-Cabinet briefing with journalists last Tuesday, Information, Publicity and Broadcasting Services Minister Senator Monica Mutsvangwa announced the approval of the restructuring of …

How to raise finance to fund a tender

How to raise finance to fund a tender  Herald 15/10/2020   Godknows Hofisi Financing an order or tender This subject is of interest to many entrepreneurs and business executives. Many businesses, especially small to medium enterprises look forward to improving their situations through trade. At times they have promising business ideas or orders to supply …

Agro-exchange overdue: ZNCC

Agro-exchange overdue: ZNCC Herald 15/10/2020   Golden Sibanda Senior Business Reporter The Zimbabwe National Chamber of Commerce (ZNCC), a lobby group representing businesses from across the economy, says the Government should expedite setting up of an agricultural commodity exchange to help in market price discovery. A commodities exchange is a transparent, efficient and organised market …

Steward Bank’s AgroFuture package set to change Zim’s agricultural landscape

Steward Bank’s AgroFuture package set to change Zim’s agricultural landscape   Chronicle 15/10/2020  ZIMBABWE’s agriculture sector – which for many years has struggled to achieve its full potential due to a number of challenges, including lack of financing, research, training and suitable markets – is set for a boost following the launch of AgroFuture, an …

Mukuru launches WhatsApp self-sign up feature and new App to support and empower customers

Mukuru launches WhatsApp self-sign up feature and new App to support and empower customers  1  October 7, 2020 2:59 PM Both channels will empower customers to transact from the convenience of their homes. Source: Mukuru launches WhatsApp self-sign up feature and new App to support and empower customers – The Zimbabwean Mukuru, Africa’s largest remittance and money transfer …