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Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1323 | by Staff reporter
Maize trading liberalised in Zimbabwe
The Zimbabwe Mercantile Exchange (ZMX) will begin trading maize on the commodities market after the Government liberalised the trading in the strategic grain.ZMX contends the development would...Published: 12 May 2023 at 06:01hrs | 2 | by Staff reporter
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 16 | by Victor Bhoroma
Zimbabwe scraps Covid-19 curfew, extends business hours
ZIMBABWE has scrapped the midnight to dawn curfew and extended operating hours of players in the hospitality sector as the country has made significant progress in the containment of the Covid-19 pand...Published: 22 Jun 2022 at 06:41hrs | | by Staff reporter
Mapping for urban title deeds underway
Mapping of seven urban suburbs in the title formalisation process is now complete and while that process continues with the next suburbs on the list, the first stand owners being processed are now acq...Published: 22 Jun 2022 at 06:40hrs | | by Staff reporter
Food insecurity now a perennial threat
Zimbabwe is set to import 400 000 metric tonnes (MT) of Maize from Zambia and Malawi to be delivered this June to alleviate a food crisis in the country. This will cost the country at least US$120 mil...Published: 08 Jun 2022 at 07:12hrs | 4 | by Victor Bhoroma
SECZim appoints acting CEO
THE Securities and Exchange Commission of Zimbabwe (SECZim) has appointed Gerald Dzangare acting chief executive officer following the departure of Tafadzwa Chinamo at the end of January.Dzang...Published: 10 Feb 2022 at 05:34hrs | 1 | by Staff reporter
Agriculture as the trigger to industrialisation
"The sacrosanct cornerstone and golden thread upon which any successful productive economy can be built is the legal protection of private property ownership."We all know that Zimbabwe's agric...Published: 03 Jan 2022 at 05:56hrs | 14 | by Vince Musewe
Mnangagwa in Victoria Falls for Caledonia VFEX listing
PRESIDENT Mnangagwa will be in Victoria Falls today to officiate at an event to mark the official listing of Caledonia Mining Corporation on the Victoria Falls Stock Exchange (VFEX).The foreig...Published: 02 Dec 2021 at 05:32hrs | 13 | by Staff reporter
'Zimbabwe's economic fundamentals are strong'
THE economy is on a growth trajectory with Gross Domestic Product (GDP) projected to grow by 7,8 percent in 2021, attributed to a favourable rainfall season, higher international mineral commodity pri...Published: 14 Nov 2021 at 05:38hrs | 12 | by Professor Mthuli Ncube
'Offshore centre plans on track'
FINANCE minister Mthuli Ncube says Zimbabwe has made significant strides in its quest to set up an offshore financial services centre in Victoria Falls.He said a planned commodities exchange w...Published: 19 Oct 2021 at 06:28hrs | 3 | by Staff writer
VFEX moves to fund tobacco
ZIMBABWE'S bourses have moved to help the tobacco farming sector raise foreign currency for their operations, in a development seen as a solution to the industry's a long-running capital crisis....Published: 16 Sep 2021 at 06:03hrs | 8 | by Staff reporter
Inside the cotton value chain
Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969. The white Gold is the second most i...Published: 09 Sep 2021 at 19:33hrs | 13 | by Victor Bhoroma
VFEX signs Dubai deal
THE Victoria Falls Stock Exchange (VFEX) has signed a Memorandum of Understanding (MoU) with the Dubai Gold and Commodities Exchange (DGCX), the region's leading derivatives exchange —to strengthen ...Published: 09 Sep 2021 at 06:14hrs | 1 | by Staff reporter
Import Substitution: A case for soya beans
For the past 10 years, Zimbabwe has produced an average of 56 000 metric tonnes (mt) of soya beans per year against national demand of 240 000 mt for food, animal feed and industrial consumption. In t...Published: 01 Sep 2021 at 15:26hrs | 168 | by Victor Bhoroma
ZMX to enhance farm profitability
FINANCE minister Mthuli Ncube says the Zimbabwe Mercantile Exchange (ZMX), a commodity ex-change platform that was launched last week, will increase efficiency in farm produce marketing, enhance profi...Published: 22 Aug 2021 at 08:02hrs | 1 | by Staff reporter
'Zimbabwe has capacity to fund its growth agenda'
Zimbabwe has the capacity to fund its growth agenda, but there is need for financial institutions and cash-rich entities such as pension funds to effectively deploy current savings, according to an ex...Published: 02 May 2021 at 08:10hrs | 9 | by Staff Reporter
Commodities Exchange launch rescheduled
The much-anticipated launch of the commodities exchange - the Zimbabwe Mercantile Exchange (ZMX) - been extended by a month to April 30 to give allowance for the requisite approvals and promulgation o...Published: 30 Mar 2021 at 15:36hrs | 1 | by Staff reporter
Zimbabwe Mercantile Exchange to go live
The commodities exchange, the Zimbabwe Mercantile Exchange (ZMX), is doing final engagements with key stakeholders such as farmers before the exchange goes live this month. The engagements are...Published: 04 Mar 2021 at 06:20hrs | 5 | by Staff reporter
3 banks to extend credit facilities to farmers
THE agriculture commodities exchange - the Zimbabwe Mercantile Exchange (ZMX) - to be introduced soon, has courted three banks willing to extend credit to farmers as more progress is made towards the ...Published: 25 Feb 2021 at 06:24hrs | 3 | by Staff reporter
Rains to drive Zimbabwe exports rebound
ZIMBABWE has been projected to narrow its trade balance in 2021 owing to better yields in the current agricultural season following a good rainfall season.According to a report by IH Securitie...Published: 21 Feb 2021 at 07:05hrs | | by Staff reporter
Poor grain production hurting Zimbabwe economy
Zimbabwe has been a net importer of food for the past 2 decades and the country's import bill has increasingly featured grain imports with maize imports averaging 1.1 million Metric Tonnes (MT) per ye...Published: 25 Jan 2021 at 13:18hrs | 1 | by Victor Bhoroma
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | 2 | by Victor Bhoroma
Mthuli Ncube launches agricultural commodities exchange
THE Zimbabwean government on Monday launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities.Zimbabwe previously had a commodi...Published: 22 Dec 2020 at 06:31hrs | | by Staff writer
Sector priorities for NDS implementation
Zimbabwe launched its new 5 year economic blueprint called the National Development Strategy (NDS-1) on 16 November 2020. The new plan succeeds the Transitional Stabilization Programme (TSP) that ends...Published: 01 Dec 2020 at 09:17hrs | 9 | by Victor Bhoroma
Govt mulls ending GMB monopoly
GOVERNMENT is resuscitating the agricultural commodities exchange, effectively ending the Grain Marketing Board (GMB)'s monopoly over the marketing and sale of maize and wheat in the country.T...Published: 30 Nov 2020 at 06:10hrs | | by Staff reporter
Mthuli Ncube to launch commodities exchange by end November
Finance Minister Mthuli Ncube says that Government will launch a commodities exchange by end of November as part of efforts to improve the way commodities are marketed in the country.Ncube tol...Published: 27 Oct 2020 at 17:44hrs | 4 | by Staff reporter
Agricultural productivity a panacea to Zimbabwe's economic revival
Zimbabwe's economy is hinged on agriculture which feeds a number of downstream industries that process agricultural produce into various foods for both humans and livestock. The revival of this sector...Published: 16 Oct 2018 at 15:15hrs | 1 | by Elijah Chihota
CSC board fails to secure appointment
CSC board members recently told a Parliamentary Portfolio Committee on Agriculture that government had shunned them after the Minister, Joseph Made and his deputy, Paddy Zhanda, who is responsible...Published: 24 Sep 2015 at 07:27hrs | | by Staff reporter
Govt urged to dispose CSC assets
Government needs to consider disposing of some prime assets of the Cold Storage Company to set up a fund and commission charged with development, driving productivity and attracting foreign invest...Published: 22 Sep 2015 at 07:50hrs | | by Staff reporter
The Zimbabwe we want - Agriculture revival must focus on food security
Chapter 9 The primary national priority is to achieve national food security. We cannot have a situation where we have to import food while we have ...Published: 11 May 2014 at 16:56hrs | | by Vince Musewe & Elton Mangoma
Commodities exchange remains a dream
Government has failed to meet its June deadline for the operationalisation of the commodities exchange, amid calls for sincerity in the setting up of the exchange.Despite pledges by the Minist...Published: 02 Jul 2013 at 16:48hrs | | by Business reporter
Commodity exchange on the cards
The country's fiscal authorities say they are finalising the setting up of the Commodities Exchange of Zimbabwe, which is expected to assist in the mobilisation of financial resources and ensuring pri...Published: 14 Mar 2013 at 08:39hrs | | by Staff reporter
Keynote Address by the Prime Minister Morgan Tsvangirai, at the Agribusiness Forum
The Minister of Agriculture, Fisheries and Forestry, South Africa Hon Joemat-Pettersson Honourable Ministers here present Business Leaders Distinguished Guests Ladies and Gentlemen, ...Published: 17 Oct 2011 at 11:53hrs | 1 | by MDC
Resolutions of the MDC-T 3rd post Executive Committee meeting
THE MDC National Executive Committee met today on the 12th of October 2011 and resolved on the following;1. Party Unity and Cohesion1.1 Noting ironically that today is the 12th o...Published: 12 Oct 2011 at 14:43hrs | | by MDC
MDC PRESS STATEMENT 15-01-2011 (Biased reporting by state media)
In many ways Zimbabwean media and state control on information has been challenged by many and it continues to be challenged by those seeking to expose the rich and powerful and put information in p...Published: 15 Jan 2011 at 23:24hrs | | by Byo24NEWS
Introducing Commodity Exchange policy
THE introduction of the Commodity Exchange policy will create an appropriate marketing channel that promotes the orderly trading of agricultural commodities in a transparent and low-cost manner for th...Published: 15 Jan 2011 at 01:26hrs | 1 | by Byo24NEWS
Zimbabwe Commodity Exchange to be launched
Zimbabwe will on Friday revive the commodity exchange nearly a decade after such a noble gesture was abandoned when the Grain Marketing Board (GMB) was given monopoly to buy wheat and maize....Published: 23 Feb 2011 at 12:58hrs | | by Byo24News
Commodities market to boost agriculture.
THE long-awaited Zimbabwe Commodities Exchange Market (ZCEM) is set to become operational next month after stakeholders in the agriculture sector finalised modalities to kick-start the project....Published: 23 Dec 2010 at 13:36hrs | 6 | by Business correspondent
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