Border Timbers plunges into Q1 Loss on volumes dip
HARARE - Border Timbers Limited retreated into loss position during the three months to September (Q1-23) as sales and production volumes plunged due to aging equipment. This was against FY22 profit of $10.5 billion...
Treasury to release $500M weekly to pay cotton farmers
Takudzwa Musakasa
Treasury will release $500 million, every week to settle outstanding 2021 payments to cotton farmers. Cotton deliveries last year grew to 116,052 tonnes, up from 82,479 tonnes in 2020, contributed by government subsidies...
TIMB rebrands to ensure sustainability
The Tobacco Industry Marketing Board has rebranded to ensure sustainable production and marketing of tobacco in Zimbabwe.
TIMB Chief Executive, Meanwell Gudu said the rebranding project is the first of its kind by the Board....
Dip Tank Shortage Worries Parly
Zimbabwean has only 3000 functional dip tanks a move that exposes the country’s livestock to ticks and other diseases, a parliamentary inquiry has established.
The portfolio committee on Lands, Agriculture, Water, Fisheries and Rural Development...
GMAZ fails to account for US$27m wheat facility
Almot Maqolo
HARARE – Grain Millers Association of Zimbabwe (GMAZ) had a torrid time in parliament as it failed to provide concrete evidence on how the US$27 million facility meant for importing wheat and refurbishing...
Mnangagwa moves Marapira to Agriculture Ministry
By Staff Writer
President Emmerson Mnangagwa has with immediate effect appointed Minister Davis Marapira to the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development. Before the transfer, Marapira was the Minister in charge of...
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...
Zimtrade to sign horticulture agreement with Agro-Marketing Trade Authority of Namibia
Almot Maqolo
HARARE – Trade promotional body, Zimtrade says it is in the process of finalising a Memorandum of Understanding with Agro-Marketing Trade Authority of Namibia (AMTA) that will result in improvement of trade in...
Zim sets US$5bln revenue target for tobacco by 2025
Tadiwa Musiyiwa
Government has approved the Tobacco Value Chain Transformation Plan aimed at
transforming the tobacco value chain into a US$5 billion industry by 2025 through localisation of tobacco financing, increased production and productivity and exports...
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...
