Farmers deliver 14k tonnes of maize to GMB

Farmers deliver 14k tonnes of maize to GMB July 3, 2015 Business Minister Joseph Made Oliver Kazunga Senior Business ReporterAGRICULTURE, Mechanisation and Irrigation Development Minister Joseph Made says farmers have since the beginning of this year’s harvest season delivered 14,000 tonnes of maize to the Grain Marketing Board. Minister Made said this while responding to a question …

Livestock industry wants VAT on stockfeed scrapped

Livestock industry wants VAT on stockfeed scrapped July 3, 2015 in Business The livestock industry wants government to scrap value-added tax (VAT) on wheat and maize brans which are key raw materials in feed manufacture.   BY TONDERAYI MUKEREDZI The industry says the two raw materials were not consumed directly in end-markets but used only as raw …

Masvingo’s unique agric revolution

Masvingo’s unique agric revolution July 2, 2015 Features, Opinion & Analysis George Maponga Senior WriterThe Lowveld area in southern Masvingo is notorious for its high temperatures, although it is endowed with fertile soils. Without irrigation, production of maize and other cereals is considered a dream in the districts of Chiredzi, Chikombedzi and parts of Mwenezi that receive …

Profiling credit risk for smallholder farmers

Profiling credit risk for smallholder farmers July 2, 2015 Business Farayi Dyirakumunda CorrespondentLending to small-holder Zimbabwean farmers is important for food security, household income and economic growth. Agriculture has traditionally been the largest employer of the Zimbabwean economy and the importance of financing small-scale and communal farmers is evident so as to reposition the country as the …

8,000ha put under winter wheat

8,000ha put under winter wheat July 2, 2015 Business Elita Chikwati Harare BureauFarmers have planted 8,000 hectares of wheat this winter season as production continues to decline due to several challenges affecting the farming industry. Zimbabwe Farmers Union executive director Paul Zakariya said last season farmers planted around 11,000 hectares of wheat. He said production was declining …

Farmers lament high transport, packaging costs

Farmers lament high transport, packaging costs July 2, 2015 Business Brighton Gumbo Business ReporterHIGH transport, branding and packaging costs are adversely affecting the viability of farmers, particularly small scale ones. Speaking at an event organised by Pro Africa Development Trust in Bulawayo at the Large City Hall on Friday, they highlighted the need of support in transport to …

Eskom eyes 2,400MW Sengwa power project

Eskom eyes 2,400MW Sengwa power project July 2, 2015 Business Prosper Ndlovu Business EditorSOUTH African power utility, Eskom, has expressed interest in bankrolling implementation of the long awaited 2,400MW Sengwa Power Project, which has been in limbo for the past two decades. Given the widening power supply gap in the region, experts have urged regional joint venture …

GMB has 118k tonnes in grain reserve

GMB has 118k tonnes in grain reserve July 2, 2015 Business Elita Chikwati Harare BureauThe Grain Marketing Board has 118,000 tonnes of maize in its Strategic Grain Reserve (SGR), well below the 500,000 tonnes that the SGR should hold at any given time. The acting general manager, Lawrence Jasi, told Parliament’s Public Accounts Committee on Monday that …

Tobacco exports rake in $270m

Tobacco exports rake in $270m June 30, 2015 Business Oliver Kazunga Senior Business ReporterTHE country has earned over $270 million from 49.4 million kilogrammes of tobacco exported since the beginning of the year compared to 38.8 million kg during the same period last year. During the comparable period, $141.2 million was earned on flue-cured tobacco exports. …

Zim loses 60pc real value in raw tobacco exports

Zim loses 60pc real value in raw tobacco exports July 1, 2015 Business Tobacco bales Oliver Kazunga Senior Business ReporterZIMBABWE is losing at least 60 percent real value through raw tobacco exports, economic experts said yesterday amid heightened calls for the speedy setting up of local processing firms. While statistics from the Tobacco Industry and Marketing …