Agriculture anchors Meikles’ Q3 earnings as exports trail
Tapiwanashe Mangwiro
Harare – Meikles Limited recorded impressive performances in the agriculture segment for the third quarter ended 31 December 2020, with bulk tea production volumes scaling up 41% in the quarter and 6% year...
Spear Capital to invest in Greenwave Milling
HARARE - Spear Capital has concluded an investment deal with Greenwave Milling, a manufacturer and distributor of quality high-value basic commodities throughout Zimbabwe.
Previously part of the Metro Group, which is already a Spear Capital...
Forex woes hamper irrigation development
Farai Mabeza
Government has blamed foreign exchange woes for its failure to develop adequate irrigation infrastructure in the face of consecutive droughts experienced in Zimbabwe.
In the Annual Budget and Economic Review for the 2019 fiscal...
Value add tobacco to tap into the US$800b global market
Tadiwa Musiyiwa and Rhys Balicholo
HARARE – Limited value addition of tobacco has seen Zimbabwe earn an insignificant portion from the global tobacco industry, which is valued at over US$800 billion, the Tobacco Industry and...
ZAMCOM delivers PIDACC endorsement letters to AfDB
Talkmore Gandiwa
The Zambezi Watercourse Commission has delivered five endorsement letters to Africa Development Bank as part of the requirements needed to unlock funds that are part of a multi-million-dollar fund for the Programme for...
Tobacco land preparations behind schedule
Farai Mabeza
Small-scale tobacco farmers are behind schedule in preparing their land for the cropping season with draught power shortages crippling activities although there are high expectations for an increase in hectares of around 10...
Zim eyes new blueberry markets as it targets 45% rise in exports
Talkmore Gandiwa
Zimbabwe is eyeing Europe and Middle Eastern countries as new markets for its blueberries, following a projected 45% increase in exports for 2024.
The projected 45% increase in exports primarily results from plant maturity and increased...
AfDB approves US$34.8m grants for Malawi & Zimbabwe’s climate resilience
The African Development Bank has approved US$34.8 million, (US$34,796,402.40) in grants to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.
Under the bank group’s Africa Disaster Risk Financing...
Zim losing 260 000ha of forests annually – Minister
Edson Mapani
Zimbabwe is losing at least 260 000 hectares of forests annually amid concern from government which has called on for the curtailing of the destruction.
Addressing the 2021 graduation ceremony at the Forest Industry...
Tobacco farmers to get 50% of proceeds in foreign currency
Farai Mabeza
Tobacco farmers will get fifty percent of their proceeds in foreign currency, the Reserve Bank of Zimbabwe (RBZ) and the Tobacco Industry Marketing Board (TIMB) announced.
In a statement the two organisations said the money...
