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...
Cottco expects 27% reduced cotton intake to 85 000t
HARARE – Cottco Holdings says it expects reduced intake in the current season due to the late onset of the rains and the erratic rainfall patterns but payment modalities have been put in place...
Over US$800m set aside for summer cropping season
Talkmore Gandiwa
Government has set aside over US$600 million for the 2023/24 farming season while the Bankers Association of Zimbabwe has committed $68 billion and US$160 million.
In his post-Cabinet briefing this afternoon, Information Minister Dr...
Comesa plans regional Agricultural Commodity Exchange centre
Plans are underway to establish a regional Agricultural Commodity Exchange Centre as part of the implementation of the 2021-2031 strategy for the Alliance for Commodity Trade in East and Southern Africa (ACTESA).
The centre shall...
No love lost between farmers and tobacco contractors
Talkmore Gandiwa
With pale faces carved with visible marks of sorrow, tobacco farmers sit patiently outside one of Zimbabwe’s tobacco auction floors in Harare, the capital city.
In their minds, all they are consumed with are...
Ariston in mixed nine month performance as revenue grows 69%
Itai Ndongwe
Ariston Holding’s revenue for the nine-month period ended June 30, 2022, grew by 69% in historical terms compared to the prior comparative period, the company reported in its trading update period.
According to the...
Grow trees or face ban, tobacco farmers warned
Talkmore Gandiwa
Zimbabwean tobacco farmers are at risk of being banned for endangering the environment resulting in climate change with calls for them to establish woodlots for curing their crops to continue with their activities.
Most...
Bread, Mealie Meal prices go up: GMAZ
Grain Millers Association of Zimbabwe (GMAZ) has said the prices of bread and maize meal have gone up due to higher grain and oil prices currently obtaining on global markets due to the Russia-Ukraine...
Government to sideline farmers who have not paid their debts
Chris Mahove
Government says it will review its contract agreements with farmers for this cropping season and will not finance those that have not paid their debts from last season.
In a statement, Minister of Lands,...
