Bankers warn over interest rate cuts

Bankers warn over interest rate cuts Companies & Markets March 16, 2017By Own Correspondent Bankers’ Association of Zimbabwe president, Charity Jinya THE Bankers Association of Zimbabwe (BAZ) has warned that any further cuts in interest rates may result in banks reducing lending to the productive sector as they opt for state issued Treasury Bills, which are seen …

Tobacco marketing season kicks off

Tobacco marketing season kicks off National Report March 16, 2017By Tabitha Mutenga, Features and Supplements Editor Buyers and farmers at the Tobacco Sales Floor in Harare. THE 2017 tobacco marketing season kicked off yesterday with the official opening at Boka Tobacco Floors marking the beginning of auction sales.Three auction floors, Tobacco Sales Floor, Premier Tobacco Auction …

Tobacco output remains flat, prices seen depressed

Tobacco output remains flat, prices seen depressed National Report March 14, 2017By Own Correspondent The tobacco buying season opens on tomorrow with sales four auction floors, Premier Tobacco, Boka Tobacco, Tobacco Sales Floor and Premium Tobacco Zimbabwe. TOBACCO output for 2016/17 season is expected to remain flat at 202 million kgs, similar to the previous season …

Tobacco electronic marketing in false start

Tobacco electronic marketing in false start March 16, 2017 in Business The much-hyped electronic tobacco auctioning got off to a false start yesterday due to technical glitches, forcing auction floors to revert to the manual system at the launch of the 2017 selling season. BY TARISAI MANDIZHA Farmers at the start of the tobacco marketing season at …

Agric firms require priority in forex allocation

Agric firms require priority in forex allocation March 16, 2017 in Business Agriculture minister Joseph Made says companies that import agricultural inputs should be given top priority in the allocation of foreign exchange to ensure availability of inputs to drive output. BY BUSINESS REPORTER Joseph Made In his remarks at the official opening of the 2017 tobacco …

Insiza white farmer wins case against ‘invaders’

Insiza white farmer wins case against ‘invaders’ March 16, 2017 in News   A South African-based businessman has been ordered to vacate an Insiza farm at the centre of a wrangle with a white farmer in a case which has sucked in former Sports minister, Andrew Langa. BY SILAS NKALA Andrew Langa The Soundstone Properties (Pvt) Limited …

Irrigation schemes collapse as govt fails to disburse funds

Irrigation schemes collapse as govt fails to disburse funds March 16, 2017 in News THE Department of Irrigation Development has said late disbursement of its budgetary allocations by Treasury has resulted in most irrigable land in the country lying idle. By VENERANDA LANGA/KENNETH NYANGANI A 2016 audit report by Auditor-General (AG) Mildred Chiri on the management of …

Council evicts Zanu PF land invaders

Council evicts Zanu PF land invaders March 16, 2017 in News SCORES of Zanu PF youths were yesterday evicted from land they had invaded and set up illegal structures in Warren Park, Harare. BY OBEY MANAYITI Harare City Council has earmarked the invaded land for housing co-operatives, among them Southpole, Westwood, Warren Hills and Walk in the …

Unlocking new sources of agricultural markets

Unlocking new sources of agricultural markets March 16, 2017 Features, Opinion & Analysis If we continue focusing on the local market we are just shifting models – from supporting tomatoes to cabbages to butternuts to sweet potatoes to livestock to onions to maize to tobacco. That way, it is impossible to realise the full growth potential …