Commercial Farmers' Union of Zimbabwe
Banks review loan terms Herald 23/7/2020 Bulawayo Bureau SOME banking institutions have started reviewing loan interest rate and repayment attributing the move to the prevailing market and macro-economic conditions. In recent months, the market has been characterised by inflationary pressures with the country recording year-on-year rate of 737,26 percent in June. Despite this, Government …
Farmers seek maize producer price review Herald 23/7/2020 Elita Chikwati Senior Reporter Farmers are appealing to Government to review the maize producer price in line with the current exchange rate as well as the trends on the international markets to preserve value to the producer and encourage production. Some farmers have called on authorities …
Plant closure a headache for Honde Valley tea producers Herald 23/7/2020 Rumbidzayi Zinyuke Manicaland Bureau ABOUT 1 000 small scale tea growers in Honde Valley have been left stranded after the sole buyer of their crop, Eastern Highlands Plantations Limited (EHPL), shut down its tea processing plant for three months to facilitate routine maintenance. …
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US$946 000 for Wenimbe Dam rehab Herald 23/7/2020 Andrew Muvishi Mash East Correspondent Zimbabwe National Water Authority (ZINWA) has proposed a budget of US$946 159 for the rehabilitation of water infrastructure at Wenimbe dam, which is the only source of clean water in Marondera. This comes after the main source of water for Marondera …
Elephant deaths: IUCN offers help Herald 23/7/2020 Sifelani Tsiko Agric & Innovations Editor The African Elephant Specialist Group of the IUCN Species Survival Commission (IUCN SSC) says it stands ready to assist southern African range land countries which have recorded deaths of elephants in recent months. In a statement, the IUCN SSC expressed concern …
High response for John Deere tractors Herald 23/7/2020 Minister Shiri Elita Chikwati Senior Reporter Farmers have started applying for the John Deere farm mechanisation equipment, with the participating banks already processing the applications ahead of disbursements expected to start in August. President Mnangagwa launched the US$51 million John Deere Mechanisation Facility last month, which …
Government gazettes lockdown regulations Chronicle 23/7/2020 The amendment to the lockdown regulations adds mining and the operations of designated tobacco auction floors to the list of services that are exempted and can operate during the curfew. Harare Bureau The legal statutory instrument amending the lockdown regulations by setting the 6pm to 6am curfew, with …
Tobacco earnings surpass US$600m Herald 22/7/2020 Herald Reporter Zimbabwe has so far earned over US$600 million from tobacco, with most farmers now concentrating on the 2020/21 season seedbeds ahead of transplanting in September. The country has for far earned US$618 million from the golden leaf, with exports constituting US$269 million and sales to date …
Farmers unions support Pfumvudza Herald 22/7/2020 Minister Shiri Herald Reporter Farmers unions have rallied behind the Lands, Agriculture, Water and Rural Resettlement farming concept of Pfumvudza, which they said if implemented well, would bring an end to crop failure due to low rainfall. Pfumvudza concept is being promoted by the Ministry of Lands, Agriculture, …
Forex auction bid band narrows, stability enhanced Chronicle 22/7/2020 Dr Mangudya Business Reporter The ruling exchange rate between the Zimbabwe dollar and the United States dollar depreciated by 4.7 percent to $72.1470 at yesterday’s foreign currency auction amid further narrowing of the bid band, more private holders of foreign currency using the auction to …
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