Commercial Farmers' Union of Zimbabwe
Tobacco seasonal exports decline November 19, 2014 TOBACCO seasonal exports declined to $120,2 million during the 11 months between January and November compared to $130 million recorded the same period last year, latest statistics have shown. BUSINESS REPORTER According to latest data from the Tobacco Industry and Marketing Board (TIMB), the four top destinations for …
8 farm workers jailed for public violence November 18, 2014 EIGHT former farm workers at Whiteside Farm in Bromley were last week slapped with a four-year effective jail term each for violently resisting the takeover of the property by indigenous farmer Samson Chawuruka. CHARLES LAITON SENIOR COURT REPORTER Provincial magistrate Milton Serima had initially slapped …
‘99-year leases still work in progress’ November 18, 2014 Business Banks have reservations around the acceptability of 99-year leases as collateral with concern on separation of rights over land and structures built on it Golden Sibanda Senior Business ReporterFarmers have to wait for an indefinite period before they can use 99-year leases as collateral for bank …
Govt to avail US$55m to GMB November 20, 2014 Local News Munyaradzi Musiiwa Midlands CorrespondentGOVERNMENT will soon avail about $55 million to the Grain Marketing Board to settle outstanding payments for farmers who delivered their grain to the granary in the 2013-2014 summer cropping season, a Government official has said. In an interview, Deputy Minister of …
Mangudya likens economy to ‘Sodom and Gomorrah’ November 14, 2014 Business Reserve Bank of Zimbabwe Governor Dr John Mangudya on Thursday likened the situation in the Zimbabwean economy as similar to the biblical city of Sodom and Gomorrah which God destroyed over high levels of sin. Mangudya, who was speaking at a seminar on the financial …
Seed Co realises $16m revenue November 14, 2014 Business Seed Co realised $16 million revenue in the half year to September, seven percent down on the same period last year but the company expects turnover to bounce back on increased maize seed sales with the onset of the rain season. Winter cereals were 25 percent lower …
Govt to help fund dam construction November 14, 2014 Business Jeffrey Gogo Business CorrespondentGOVERNMENT will early next year issue a $300 million bond to help fund and speed up countrywide dam construction, a key defence against climate change and global warming, The Herald Business has established. Environment, Water and Climate minister Saviour Kasukuwere yesterday announced an …
Tobacco growers continue to increase November 14, 2014 Business At least 86 751 farmers have registered to grow tobacco during the 2014/15 season, up from 83 668 that had applied by the corresponding period in 2013, the Tobacco Industry and Marketing Board (TIMB) has said. At least 40 359 of the farmers that want to grow …
David Whitehead resumes operations November 13, 2014 Business Martin Kadzere Senior Business ReporterDavid Whitehead Textiles resumed operations this week following four years of inactivity. The textile company restarted operations, beginning with a shorter working capital turnaround route of converting yarn into fabrics, then dyeing, printing and finishing of the fabrics, judicial manager Mr Knowledge Hofisi said …
Seed Co invests $25m in external markets November 13, 2014 Business Malawi’s Agriculture, Irrigation and Water Development Minister Dr Allan Chiyembekeza (centre) and Seed Co group CEO Mr Morgan Nzwere (right) being taken on a tour of the new Seed Co Malawi facilities by a company official. – (Picture by Christopher Scott) Conrad Mwanawashe recently in …