Tobacco deliveries slower than expected: TIMB
Farai Mabeza
Tobacco deliveries are slower than expected because farmers are not happy with the fixed exchange rate of 1:25 under which they are required to surrender 50 percent of their foreign currency earnings, it...
Zim executive on Time’s 100 Climate Leaders list
Farai Mabeza
HARARE - The chief executive officer of African Risk Capacity Limited (ARC Ltd), Lesley Ndlovu, a Zimbabwean, has been selected as one of Time Magazine’s 100 Most Influential Climate Leaders in Business for 2024.
ARC...
Locusts threatens Zim, neighbours food security
Farai Mabeza
A possible African Migratory Locust outbreak is threatening food security and livelihoods in Zimbabwe and some of its Southern Africa neighbours, the Food and Agriculture Organization of...
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...
NatFoods F21 profit retreats on high production costs, cheap maize imports
HARARE – National Foods profit for the year retreated significantly on account of high production costs and a disappointing performance in the Maize unit which suffered stiff competition from cheap maize meal imports from...
Govt launches US$30 mln Horticulture Export Revolving Fund
HARARE - The government has launched the US$30 million Horticulture Export Revolving Fund to spur agricultural growth and increase the value of agricultural output through value addition and beneficiation.
The funds are part of the...
Tagwirei Pushes Youth Empowerment Through Land Title Deeds
By Kovedzayi Takawira
MASVINGO — Chairperson of the Land Tenure Implementation Committee and prominent businessman Kudakwashe Tagwirei has urged Zimbabweans especially the youth—to seize the opportunity to acquire land and title deeds as a foundation...
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...
Tobacco sales total US$59m in the first 15 days
HARARE - At least 26.4 million kilograms of tobacco worth US$59m have been sold so far since the start of tobacco selling season, statistics from the industry regulator show. The sales figure is 278.27%...
Millers pleads with Parly over US$43m debt
Xolisani Ncube
The Grain Millers Association of Zimbabwe (GMAZ) has pleaded with Parliament to assist its members settle a US$43m owed to wheat suppliers for 2017-2018 period.
In letter penned by Tafadzwa Musarara after his recent...
