Irrigation project restarts 12 years on

Irrigation project restarts 12 years on May 11, 2016 Local News Sukulwenkosi Dube Plumtree CorrespondentBAMBANANI Irrigation Scheme in Mangwe District is set to re-open after lying idle for the past 12 years due to a fault in the water system. Mangwe Rural District Council chief executive officer Nketha Mangoye Dlamini said a local investor had partnered with …

RBZ SCRAPS RAND, EURO PLAN . . . Exporters to keep USD receipts . . . Central bank forced into U-turn

RBZ SCRAPS RAND, EURO PLAN . . . Exporters to keep USD receipts . . . Central bank forced into U-turn May 11, 2016 Headlines, Top Stories John Mangudya Prosper Ndlovu Business EditorTHE Reserve Bank of Zimbabwe (RBZ) has with immediate effect scrapped the apportionment of foreign exchange receipts into rand and euros and applied the five percent …

Zesa seeks approval for 14 percent tariff hike

Zesa seeks approval for 14 percent tariff hike May 11, 2016 Headlines, Top Stories Felex Share Harare BureauELECTRICITY charges will increase by about 14 percent if Cabinet rubberstamps the Zimbabwe Energy Regulatory Authority-approved application for a tariff hike which was made by Zesa Holdings. According to impeccable sources, an inter-Ministerial Committee is currently studying Zera’s determination to have …

Yamamoto: Bond notes, coins – whatever!

Yamamoto: Bond notes, coins – whatever! By ZimSitRep_M | May 10, 2016 4 Comments Source: Yamamoto: Bond notes, coins – whatever!– NewZimbabwe 09/05/2016 Mangudya is what Europeans would call a fencepost tortoise: “When you’re driving down a country road and you come across a fence post with a tortoise balanced on top, that’s a fence post tortoise. You know he didn’t …

BOND NOTES: A legal perspective

BOND NOTES: A legal perspective Posted date: May 06, 2016in: Business, Columnists, Economy, Financial services, Legal, Opinion, Zimbabwe4 Comments By Fadzayi Mahere, HARARE, May 6 (The Source) – On the 4th of May 2016, the Reserve Bank Governor of Zimbabwe, John Mangudya, issued a press statement wherein he indicated that “the Reserve Bank has established a USD200 million foreign exchange and export incentive …

Hurudza launches farming mobile app

Hurudza launches farming mobile app May 10, 2016 Business Timothy Maponga : Business Correspondent Hurudza Africa a local agriculture technology startup company has launched a farming mobile application dubbed in a bid to improve efficiency in the agriculture business. Hurudza Africa has revealed that the mobile application was developed after the realisation that there was no mobile application …

Nestle Zim to increase milk output

Nestle Zim to increase milk output May 10, 2016 Business Nestlé Zimbabwe is targeting to increase investment in the Nestlé Dairy Empowerment Scheme (NDES) towards increasing milk production.The move to increase milk output will help to increase capacity at the company’s factories. Nestlé cluster manager for Zimbabwe, Zambia and Malawi Mr Ben Ndiaye said the investment is …

ZESA seeks cost reflective power tariff

ZESA seeks cost reflective power tariff May 10, 2016 Business Business Reporter POWER utility Zesa Holdings needs a cost reflective power tariff to sustain imports and the prevailing consistent supply of electricity, secretary for Energy and Power Development Partson Mbiriri has said. This comes as Zimbabwe has gone for six months without significant interruptions to power supply, …