Tobacco Associations welcome incentives increase

HARARE – Reserve Bank of Zimbabwe (RBZ) has reviewed upwards the export incentive from 5 percent to 12. 5 as part of efforts to boost the 2018 marketing season
Posted On 20 Nov 2017

Blanket ramps up gold output

HARARE – Caledonia Mining Corporation on  Monday said gold production for the third quarter ended September 30  this year at its Blanket mine reached a record 14 396 ounces, 15 percent  higher than the previous quarter.Production for the period under review at Blanket mine,...
Posted On 14 Nov 2017

Agribank unveils $25m facilities for women, youth

HARARE – State owned, Agricultural Bank of Zimbabwe (Agribank) has unveiled two facilities worth $25 million  targeted at women and youth in business.The women’s facility is worth $15 million while that targeted at the  youth amounts to $10 million.
Posted On 13 Nov 2017

Govt moves to avert fertilizer shortages

HARARE – The Zimbabwe government says there is urgent need to import fertilizers and agro-chemicals to avert shortages during the 2017/ 18 farming season.
Posted On 13 Nov 2017

CBZ Bank says its hands are clean on OFAC charges

HARARE - Zimbabwe’s biggest bank by assets, CBZ Bank said on Thursday its hands were clean as suspicions  swirl it helped ZB Bank skirt US sanctions by facilitating its  transactions.
Posted On 03 Nov 2017

Govt defends decision to let TIMB manage afforestation fund

  HARARE – The Zimbabwe government has  defended its decision to transfer management of a tree planting program,  funded from a 0.75 percent levy on tobacco sales, from the Forestry  Commission to the Tobacco Industry and Marketing Board (TIMB).
Posted On 02 Nov 2017

Agritex suffers effects of civil service rationalization program

HARARE – The ongoing civil service  rationalization program has affected the ability of the Agricultural,  Technical and Extension Services (Agritex) department to adequately  serve farmers after the number of extension officers per ward was  reduced from four to two.
Posted On 01 Nov 2017

Women head 13 percent of Zim manufacturing firms

HARARE - The proportion ofZimbabwean manufacturing companies headed by women has risen by  over 8 percent to 13,45 percent this year, a  recent survey has shown.
Posted On 01 Nov 2017

COMESA cuts operations budget

HARARE – The Common Market for Eastern  and Southern Africa (Comesa) has reduced the proposed 2018 annual budget  for its secretariat and agencies by $10 million to $32 million as grant  support from cooperating partners has reached its lifespan.
Posted On 30 Oct 2017

Over 100 million kg Zim tobacco exported

HARARE – The volume of Zimbabwean tobacco  which has been exported now stands at 113.3 million kg, up from 89.3  million kg exported in the corresponding period last year, recent  statistics that the industry regulator released show.
Posted On 27 Oct 2017