Zimbabwe’s national parks authority to destock as drought ravages wildlife

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Zimbabwe’s national parks authority to destock as drought ravages wildlife 0 Top Stories May 3, 2016By Own Correspondent In Zimbabwe, four million people are facing starvation. THE Parks and Wildlife Management Authority of Zimbabwe says it will reduce its stock of wildlife in the country to manageable levels after drought affected pastures and water sources. Wildlife …

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RBZ to introduce bond notes; to convert half of US dollar receipts to rand and euros

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RBZ to introduce bond notes; to convert half of US dollar receipts to rand and euros 0 Top Stories May 5, 2016By Staff Reporter The notes to be backed by US$200 million Afreximbank Nostro-support facility IN an effort to ease the current shortages on cash, the Reserve Bank of Zimbabwe will introduce bond notes, convert part …

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Mangudya wins farm case

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Mangudya wins farm case May 6, 2016 Crime & Courts Daniel Nemukuyu Senior Court ReporterRESERVE Bank of Zimbabwe Governor Dr John Mangudya will now get back to his farm in Rusape after the High Court this week ordered the reversal of its compulsory acquisition. Government erroneously acquired Inyamasitza Farm in Makoni District and allocated it to four …

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Livestock market update: May 2016

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Livestock market update: May 2016 May 6, 2016 Business Farmers, agricultural service providers and livestock experts will converge at the Agricultural Trust Farm, Pomona, on Thursday May 19 for Symposium 2016 – the annual technical and networking forum for livestock farmers. This year, the Symposium focuses on health and bio-security in pigs and chickens, which together make …

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Bank lending rates to decline to 15pc . . . $200m Afreximbank facility an export stimulant

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Bank lending rates to decline to 15pc . . . $200m Afreximbank facility an export stimulant May 6, 2016 Business Business ReporterThe Reserve Bank of Zimbabwe will introduce non-negotiable certificates of deposit to re-direct idle funds to productive sectors of the economy. This comes after the apex bank noted decreasing lending activities by banks, resulting in …

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Tobacco seed sales decline 86 percent

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Tobacco seed sales decline 86 percent May 6, 2016 Local News Elita Chikwati Agriculture ReporterTobacco seed sales have declined by 86 percent, a development that could see a reduction of the crop next season, Tobacco Industry and Marketing Board latest statistics have shown. According to TIMB, farmers have bought 7 750 grammes equivalent to 1 292 hectares …

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Bond notes: Key questions answered

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Bond notes: Key questions answered May 6, 2016 Opinion & Analysis HARARE – The Reserve Bank of Zimbabwe has announced plans to introduce local “bond notes” to circulate alongside a basket of foreign currencies adopted in 2009, in a bid to ease widespread cash shortages stalking its sluggish economy. This has raised fears of the recurrance …

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RBZ to unveil ‘bond notes’ …-New withdrawal limits set, rand returns -Cash squeeze forces RBZ into action

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RBZ to unveil ‘bond notes’ …-New withdrawal limits set, rand returns -Cash squeeze forces RBZ into action May 5, 2016 Headlines, Top Stories RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya Happiness Zengeni and Martin Kadzere Harare Bureau—THE Reserve Bank of Zimbabwe is set to introduce bond notes to curb money flowing out of the country while a …

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Keep your quail birds: Mnangagwa

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Keep your quail birds: Mnangagwa May 6, 2016 Headlines, Top Stories Elita Chikwati Agriculture Reporter—THE government supports the production of quail birds (izigwaca in isiNdebele or zvihuta in Shona) as this improves nutrition and livelihoods of people, Vice President Emmerson Mnangagwa has said. He said the government had never banned the production of the quails but was against poaching …

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