RBZ’s $389m headache

RBZ’s $389m headache  Herald 28/5/2021   Reserve Bank of Zimbabwe Governor Dr John Mangudya Zvamaida Murwira-Senior Reporter The Reserve Bank of Zimbabwe (RBZ) will today disburse $66 million owed to cotton farmers with bank accounts for the crop delivered to Cottco last season, followed by $436,6 million to be paid via mobile banking, but has …

CapeZim partnership benefits farmers

CapeZim partnership benefits farmers   Chronicle 28/5/2021  Mr Zenzo Jele Sukulwenkosi Dube-Matutu, Gwanda Correspondent AFTER their land had been lying idle for about a decade, A2 farmers operating at Artherstone Irrigation Scheme in Ward 6 in Insiza District, Matabeleland South Province, have high hopes that they will start to realise bumper harvests that will see …

Tongaat Hulett scales up distribution footprint

Tongaat Hulett scales up distribution footprint Chronicle 28/5/2021   Tongaat Hulett Zimbabwe Oliver Kazunga, Senior Business Reporter GIANT sugar producer, Tongaat Hulett, plans to rope in competent transport operators who would enhance the company’s drive to expand its regional market distribution footprint. Tongaat has operations in Zimbabwe where it operates Hippo Valley Estates Limited and …

Government launches Intwasa second phase

Government launches Intwasa second phase  Chronicle 28/5/2021   Mthabisi Tshuma and Michelle Nyanzira, Chronicle Reporters GOVERNMENT today will launch the second phase of the successful Pfumvudza/Intwasa programme to increase household and national food security through farm mechanisation. Having gone through one of the most bountiful harvests brought by plenty of rains and the conservation agricultural …

Government foregoes US$2,3bn through tax incentives

Government foregoes US$2,3bn through tax incentives  Chronicle 28/5/2021   Minister Monica Mutsvangwa Prosper Ndlovu, Business Editor GOVERNMENT has tightened its subsidies issuance framework to curb economic leakages amid reports Treasury has sacrificed up to US$2.3 billion in potential revenue through granting of tax incentives between 2011 and 2019 as part of efforts to stimulate productive …

Veldfires claim 4 lives countrywide

Veldfires claim 4 lives countrywide  0  May 27, 2021 11:29 AM Source: Veldfires claim 4 lives countrywide | Newsday (News) BY TATENDA CHITAGU Four people died last year due to veldfires, the Environmental Management Agency (EMA) has said, while over a million hectares of forests and grasslands went up in smoke. Speaking during the belated national fire …

Legislators outraged by legal instrument on cotton

Legislators outraged by legal instrument on cotton  0  May 27, 2021 6:39 PM Source: Legislators outraged by legal instrument on cotton | The Herald Zvamaida Murwira Senior Reporter Members of Parliament have expressed concern over a legal instrument on cotton contracting companies, saying it protects private firms more than it does the Presidential Input Scheme that holds 98 …

Tobacco deliveries surpass 110m kg mark

Tobacco deliveries surpass 110m kg mark  0  May 27, 2021 6:59 PM Source: Tobacco deliveries surpass 110m kg mark | Herald (Top Stories) So far this season flue-cured tobacco sales have surpassed 110 million kg and US$300 million in 33 days, with stakeholders expressing satisfaction at the smooth progress of the marketing and the quality of the …

Milk processors appeal for powders import quota rise

Milk processors appeal for powders import quota rise By The Zimbabwe Independent  – May 21, 2021 BY MELODY CHIKONO ZIMBABWE’S milk processors are appealing for an increase in their milk powders import quota, a move that will see the sector’s import bill trebling to over US$60 million this year. The call comes amid a serious …

‘Lands ministry haven for corruption cartels’

‘Lands ministry haven for corruption cartels’ By The Zimbabwe Independent  – May 21, 2021 BY TINASHE KAIRIZA A GOVERNMENT investigation, whose preliminary findings have been submitted to President Emmerson Mnangagwa, has exposed rampant corruption at the Ministry of Lands, Agriculture, Water and Rural Resettlement, which derailed government’s projects and prejudiced the fiscus of revenue. The …