Reserve Bank of Zimbabwe Monetary Policy Statement 7 February 2018
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Zvimba buys 15 bulls for headmen
Zvimba buys 15 bulls for headmen February 8, 2018 MASH WEST & MASH CENTRAL Mash West CorrespondentZvimba Rural District Council has bought 15 bulls worth $17 000 to reward headmen who convince the most number of their subjects in the villages to clear their debts. In an interview, the Zvimba RDC finance secretary Mr Blessing Chafesuka said …
Hidden cost of lag between marketing, consumption
Hidden cost of lag between marketing, consumption February 8, 2018 Features, Opinion & Analysis Grading of different commodities in line with the needs of different buyers and niches is done by the market, mostly traders or middlemen who have taken time to understand consumers and the entire ecosystem Charles DhewaOne of the most misunderstood aspects of …
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Fall armyworm hits Midlands
Fall armyworm hits Midlands | The Chronicle Fall armyworm Lovemore Zigara, Midlands CorrespondentMIDLANDS Province has lost about 20 percent of its maize crop due to an outbreak of the fall armyworm. Agritex Provincial Crop and Livestock Officer Mrs Medlinah Magwenzi said farmers will not realise their yield targets because of the fall armyworm. “The fall …
Parks officials on high alert for cyanide poisoning
Parks officials on high alert for cyanide poisoning Mr Tinashe Farawo Auxilia Katongomara, Chronicle ReporterTHE Zimbabwe Parks and Wildlife Management Authority (Zimparks) has said it is on high alert after discovering four sites laced with cyanide in Hwange National Park. Zimparks spokesperson Mr Tinashe Farawo said they were working on detoxicating the affected areas. “On …
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Banks to accept 99-year leases as collateral
Banks to accept 99-year leases as collateral Africa Moyo, Harare BureauThe Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya, yesterday said bankers have agreed to accept 99-year leases as collateral after Government tweaked them to be transferrable and bankable. The acceptance of 99-year leases by banks represents a landmark development that is bound to transform …
TIMB to maintain dual marketing system
TIMB to maintain dual marketing system – February 7, 2018 The Tobacco Industry and Marketing Board (TIMB) has said it will use the e-marketing and manual systems depending on the volumes at the floors when the 2017/18 marketing season kicks off next month. BY FIDELITY MHLANGA The e-marketing system stuttered last year and failed to …
77 farm workers sue police over vandalised property, torture
77 farm workers sue police over vandalised property, torture – February 7, 2018 POLICE in Rusape have been taken to court for allegedly destroying 77 farm workers’ property during a forced eviction at Lesbury Farm in June last year to pave way for the new farm owner, Bishop Trevor Manhanga. BY Jairos Saunyama The workers …
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Rains bring relief to cotton farmers
Rains bring relief to cotton farmers February 7, 2018 Business Cottco workers inspect a cotton field in Chiredzi Business ReporterCotton farmers, whose crop had started showing signs of moisture stress, have renewed hope amid moderate to heavy rains that have fallen in most parts of the country since last week. While cotton is naturally a drought …
ZPC resuscitates power stations
ZPC resuscitates power stations February 7, 2018 Local News Prince Mukuna Herald ReporterThe Zimbabwe Power Company is resuscitating the country’s four thermal power stations using new technology in a move that is expected to increase power output. The power generating entity operates four thermal power stations which are fired by coal in addition to Kariba Hydro Power …