Banks reject 99-year leases

Banks reject 99-year leases Posted on March 19, 2016 by ZimSitRep_M — 5 Comments ↓ via Banks reject 99-year leases – The Zimbabwe Independent March 18, 2016 DESPITE government assurances to beneficiaries of Zimbabwe’s controversial fast-track land reform programme, local banks continue to reject 99-year leases as collateral, the Zimbabwe Independent has learnt. Herbert Moyo Finance minister Patrick Chinamasa last week on Tuesday …

Indigenisation non-compliant companies face closure

Indigenisation non-compliant companies face closure Posted on March 20, 2016 by ZimSitRep_M — 1 Comment ↓ via Indigenisation non-compliant companies face closure – Sunday News Mar 20, 2016 FOREIGN companies resisting Zimbabwe’s indigenisation programme will not be required to pay non-compliance (empowerment) levies and will instead be shut down come 1 April, 2016, a Cabinet Minister has said. The Confederation of Zimbabwe Industries …

Sadc declares 2016 drought regional disaster

Sadc declares 2016 drought regional disaster March 18, 2016 in National, News SOUTHERN African Development Community (Sadc) member States have declared this year’s El-Nino-induced drought a regional disaster, paving the way for donor agencies to assist in mobilising food aid for the estimated 30 million people facing hunger. BY STAFF REPORTER At least four million Zimbabweans reportedly require …

Farmers cry foul over Zinwa, Zesa

Farmers cry foul over Zinwa, Zesa March 18, 2016 Headlines, Top Stories Lloyd Gumbo Senior ReporterZimbabwe National Water Authority and Zesa operations pose a serious threat to national food security by undermining efforts by Government to improve agricultural productivity, Parliament heard yesterday. Appearing before the Parliamentary Thematic Committee on Indigenisation and Empowerment, farmers under the auspices of the …

Africa must avoid crashing into storm

Africa must avoid crashing into storm Posted by Own Correspondent  0 Opinions March 17, 2016 Africa must begin aligning its developmental goals to meet the needs of future generations. Retlaw Matorwa AFRICA’s population is projected to double by 2,5 billion, with approximately 400 million people expected to live in Nigeria alone by 2050 (UN Population Division …

Government should urgently address power crisis

Government should urgently address power crisis Posted by Own Correspondent  0 Opinions March 17, 2016   No major development can take place without stable, reliable, cheaper and sustainable energy resources. Allen Choruma THERE is a positive correlation between power supply and economic development.Economic development hinges on availability of energy resources. If Zimbabwe invests in power, this …

Fertiliser firms hit crisis

Fertiliser firms hit crisis Posted by Staff Reporter  0 Top Stories March 17, 2016 Agriculture minister Joseph Made is amongst those who feel strongly that fertilisers should land in Zimbabwe cheaply to cushion farmers from high input costs as well as guaranteeing adequate supplies on the domestic market. By Dumisani NdlelaDeputy Editor-in-Chief FERTILISER manufacturing companies have …

‘Shift in tobacco auctioning season to affect performance’

‘Shift in tobacco auctioning season to affect performance’ March 17, 2016 in Business The delay in the opening of the tobacco marketing season by a month will impact negatively in the half year performance of TSL Limited, chief executive officer, Washington Matsaira has said. BY TARISAI MANDIZHA   The tobacco marketing season is starting on March 30. …