Chicken meat production declines

Chicken meat production declines November 18, 2016 Features, Opinion & Analysis After six years of impressive growth, Zimbabwe’s broiler industry, the largest meat industry sub-sector, has experienced negative growth for the second year running. The latest quarterly report of the Zimbabwe Poultry Association (ZPA) shows that estimated broiler meat production in the first nine months of …

Govt to sign $25m agric pact

Govt to sign $25m agric pact November 18, 2016 Business Minister Chinamasa Business Reporter— Government will today sign a financing agreement of a $25,5 million grant with the International Fund for Agricultural Development to support Zimbabwe’s Smallholder Irrigation Revitalisation Programme, Finance and Economic Development Minister Patrick Chinamasa said.SIRP is consistent with the Government’s overall policy objective …

Government, UN partners commit $200m to food aid

Government, UN partners commit $200m to food aid November 18, 2016 Local News Samantha Chigogo Herald CorrespondentOver $200 million has been contributed towards drought mitigation strategies as Government, in conjunction with the United Nations and other humanitarian organisations vow that no one will starve in the coming months. This comes as Government has also implemented social protection services …

Industry suffers as cotton output drops

Industry suffers as cotton output drops November 18, 2016 Business Busisa Moyo Lovemore Zigara, Midlands CorrespondentTHE cotton to clothing value chain has been distorted owing to low output of the crop in the 2015/16 farming season. Oil expressers, textile and footwear manufacturing firms have been affected by the poor harvest. Less than 30 000 tonnes of cotton …

Zimbabwe to have lean season

Zimbabwe to have lean season Companies & Markets November 17, 2016By Own Correspondent Minister of Public Service, Labour and Social Welfare, Prisca Mupfumira   By Nyasha Chingono   ZIMBABWE faces one of the leanest seasons in decades and urgent humanitarian aid is required for most parts of the country, the Financial Gazette’s Agricultural News can report.   Famine …

Colcom’s revenue increase

Colcom’s revenue increase Companies & Markets November 15, 2016By Staff Reporter Colcom’s markets are largely confined within Zimbabwe, but management has hinted regional expansion. REVENUE for the first quarter of 2017 at food processing company, Colcom Holdings, rose slightly higher than prior year comparable period largely on increased volumes traded. Speaking at the company’s annual general …

Small grains continue to resist winner take all commercialisation

Small grains continue to resist winner take all commercialisation National Report November 15, 2016By Staff Reporter Very few farmers grow small grains for money but for other benefits whose value is impossible to quantify. FROM Mali to Zimbabwe and South Africa to Southern Sudan, small grains remain an integral part of mainstream local food systems. There …

Government pins hopes on 99-year leases

Government pins hopes on 99-year leases National Report November 17, 2016By Ray Ndlovu, Assistant Bureau Chief Economist Eddie Cross     GOVERNMENT has once again begun talking up the country’s banks to accept as collateral the 99-year leases given to resettled black farmers following the 2000 land reform programme.   The renewed push to unlock funding …

Kariba South power station expansion to be completed December 2017

Kariba South power station expansion to be completed December 2017 November 17, 2016 in Business Kariba South Hydro Power Station project, which is expected to feed 150 megawatts (MW) into the national grid, is expected to be completed by December next year, while several other Zesa Holdings projects are also on course to be finalised. BY VICTORIA …

Nhimbe secures $2,5m for loan horticulture

Nhimbe secures $2,5m for loan horticulture November 17, 2016 in Business NHIMBE Fresh Exports has secured a $2,5 million loan facility from the Europe-based United Exports, which is aimed at boosting the production of blueberry, raspberry, stone fruit and some vegetables. BY JAIROS SAUNYAMA The three-year loan facility has already been approved by the Reserve Bank of …