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Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 417 | by Victor Bhoroma
Zimbabwe sets new record of planted winter wheat hectares
ZIMBABWE has this year set a new record of planted winter wheat hectares and farmers have been exempt from electricity load shedding, Information, Publicity and Broadcasting Services Minister Monica M...Published: 13 Jul 2022 at 07:19hrs | 371 | by Staff reporter
'Exclusive USD pricing illegal'
PRICING of goods exclusively in US dollars remains completely illegal and businesses not accepting local currency payments for every product should stop the illegal practice forthwith or risk having t...Published: 13 Jul 2022 at 07:18hrs | 301 | by Staff reporter
Monetary policy inconsistency sinking economy
On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state ...Published: 08 Jun 2022 at 07:19hrs | 428 | by Victor Bhoroma
Grain runs out in Zimbabwe?
MILLIONS of Zimbabweans will go hungry as the country faces a severe grain shortage.A poor rainfall season and hoarding of maize by farmers demanding payment in United States dollars have exac...Published: 01 Jun 2022 at 06:35hrs | 1007 | by Staff reporter
Police, soldiers to raid maize hoarders
GOVERNMENT has deployed soldiers and other state security organs to raid and seize grain from individuals, farmers and other players even at roadblocks and deliver it to the Grain Marketing Board (GMB...Published: 30 May 2022 at 06:59hrs | 675 | by Staff reporter
Tobacco farmers warned
Zimbabwe's Tobacco Industry and Marketing Board (TIMB) said it was pushing for a legal instrument to deal with the side marketing of tobacco by farmers during the 2022 selling season.According...Published: 27 May 2022 at 13:23hrs | 662 | by Simbarashe Sithole
RBZ shelves plans to sell gold buying unit
The Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended plans to dispose of its controlling stake in the country's sole gold buyer, Fidelity Printers and Refinery, to new shareholders, a senior ...Published: 21 Mar 2022 at 06:21hrs | 225 | by Staff reporter
Pegged exchange rate unsustainable
Zimbabwe's export receipts for the first 9 months of 2021 jumped 38% to US$6.10 billion from US$4.43 billion realized in the same period in 2020. Notable improvements have been realized in internation...Published: 24 Nov 2021 at 10:37hrs | 11 | by Victor Bhoroma
Kazembe Kazembe calls for more police patrols
Police need to intensify deployments and patrols in the wake of rising rates of violent crimes so far this year, Home Affairs and Cultural Heritage Minister Kazembe Kazembe has said.Speaking a...Published: 22 Nov 2021 at 05:52hrs | 5 | by Staff reporter
GMB deliveries surpass targets
THE Government said the 2021 traditional grains production has improved remarkably and some crops exceeded the highest ever tonnage since independence.Addressing journalists during a Post Cabi...Published: 10 Sep 2021 at 07:21hrs | | 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 | 47 | by Victor Bhoroma
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 | 43 | by Victor Bhoroma
Wheat, barley side marketing criminalised
Farmers can only sell their wheat or barley to either the Grain Marketing Board (GMB) or companies they have standing agreements with, as side marketing the crops is illegal, Government has said....Published: 30 Jun 2021 at 06:28hrs | 14 | by Staff Reporter
Mealie-meal price to go down
THE Grain Millers Association of Zimbabwe has welcomed Government's position to stop issuing maize and mealie-meal import permits with effect from end of the month, as the country is on course for a m...Published: 16 May 2021 at 09:46hrs | | by Staff reporter
Unresolved economic issues for 2021
The Zimbabwean economy has experienced a period of relative stability since October 2020, even though multiple reforms have to be implemented to attain sustained economic growth. To a larger extent th...Published: 19 Apr 2021 at 09:05hrs | 7 | by Victor Bhoroma
Zimbabwe's gold loses glitter
Zimbabwe's gold export receipts plummeted 46% to record US$53.1m in January 2021 from US$98.1m during the same month last year due to delays in payments and heavy rains, the Reserve Bank (RBZ) has sai...Published: 05 Mar 2021 at 17:44hrs | 1 | by Staff reporter
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 27 | by Victor Bhoroma
Zimbabwe mineral exports exceed target
ATTRACTIVE international prices for major minerals except gold, coupled with stability in the mining sector despite the COVID-19-related lockdowns has seen Zimbabwe's mineral exports exceed the projec...Published: 04 Jan 2021 at 22:25hrs | 7 | by Staff reporter
Key pieces to Zimbabwe's $12 billion mining industry
In October 2019, the Zimbabwean government tabled an ambitious policy document that aims to turn the mining sector in the country into a US$12 billion industry by 2023. Achieving that export target wi...Published: 11 Oct 2020 at 09:54hrs | 21 | by Victor Bhoroma
Key pieces to Zimbabwe's $12 billion mining industry
In October 2019, the Zimbabwean government tabled an ambitious policy document that aims to turn the mining sector in the country into a US$12 billion industry by 2023. Achieving that export target wi...Published: 28 Sep 2020 at 12:27hrs | 40 | by Fanuel Chinowaita
Cartel mops up Zimbabwe's gold
Zimbabwe's new monetary reforms and unfavourable prices being offered by authorities have given life to side marketing in the gold sector following the emergence of a powerful cartel comprised of top ...Published: 01 Aug 2019 at 09:27hrs | 2863 | by Staff reporter
Mnangagwa's prosecution unit moves in to tackle deep-rooted corruption
An investigation by the Special Presidential Prosecution Unit (SPPU) has unearthed a cartel of senior executives at Cottco together with a group of high profile politicians as being behind a spate of ...Published: 02 Nov 2018 at 15:10hrs | 3625 | by Staff reporter
Perence Shiri takes a swipe at agricultural authority
Minister of Lands, Agriculture and Rural Resettlement Perence Shiri, has taken a swipe at the Agricultural and Marketing Authority for weak regulatory enforcement in cotton marketing, warning drastic ...Published: 13 Jul 2018 at 07:16hrs | 270 | by Staff reporter
Govt fuels gold sector chaos
Government is fuelling corruption tendencies in the gold mining sector by failing to give miners the value of their product, Finance and Economic Development deputy minister Terence Mukupe has said....Published: 20 Jun 2018 at 07:18hrs | | by Staff reporter
Govt urged to realign Stop Order Act
GOVERNMENT has been urged to revisit the Farmers Stop Order Act, in order to protect contractors and all financial institutions against small scale tobacco farmers who are side-marketing their crops....Published: 29 May 2018 at 07:03hrs | | by Staff reporter
Tobacco farmer jailed 90 days for side marketing his crop
A 43-year-old Guruve farmer was jailed 90 days on Friday for side marketing his tobacco crop after he had been contracted by Mashonaland Tobacco Company (MTC).Guruve magistrate Mr Artwell Sany...Published: 20 May 2018 at 06:50hrs | | by Simbarashe Sithole
Tobacco now under Command Agriculture
The 2018 tobacco season started yesterday with Acting President Retired General Constantino Chiwenga indicating that tobacco will now be covered under the Command Agriculture Programme."I am e...Published: 22 Mar 2018 at 05:49hrs | | by Staff reporter
No to fresh farm occupations, says Shiri
Government is pushing the issuance of 99-year leases and will not tolerate fresh farm occupations to ensure Command Agriculture succeeds as envisaged under Zim-Asset, a Cabinet minister has said....Published: 25 Dec 2017 at 00:42hrs | | by Staff Reporter
Farmer in trouble for side marketing
A Tobacco farmer from Mvuramachema farm in Guruve, Mashonaland Central was fined $150 for side marketing.He is accused of contravening section 24(1) (a) of Stop Order Act chapter 18:11....Published: 08 May 2017 at 22:23hrs | 1059 | by Simbarashe Sithole
Tobacco farmers should be educated on e-marketing
The 2017 tobacco selling season kick-started on a very high note this week with high expectations that the golden leaf will ease the liquidity challenges the country is currently facing. Tobac...Published: 19 Mar 2017 at 09:47hrs | | by Tendai Guta
Tobacco farmers deserve better prices
While there are claims that tobacco farming alleviates poverty in small scale farmers, some small scale seasonal farmers have remained poor even after being in the tobacco industry for many years....Published: 08 Mar 2017 at 15:30hrs | 168 | by Tendai Guta
Cash shortages threaten gold output target
THE cash shortage being experienced in the economy is threatening to scuttle the 24 tonnes gold target that the government set for this year. Latest figures from Fidelity Printers and Refiners, the so...Published: 11 Jul 2016 at 07:05hrs | | by Lovemore Zigara
Zim generates US$684,4 million from gold exports
ZIMBABWE generated US$684,4 million from gold exports last year, with small-scale miners accounting for more than US$273 million, or 40 percent of total exports, as the country's output of the metal c...Published: 14 Feb 2016 at 10:34hrs | | by Africa Moyo
Stop Order Act to be amended
Government will amend the Stop Order Act in an effort to protect lending institutions and curb side marketing of crops.It is anticipated that the move will help improve financing of agricultur...Published: 06 Dec 2015 at 18:55hrs | | by Staff reporter
GMB pays $67,8m to farmers
THE Grain Marketing Board (GMB) has cleared $67,8 million it owed to farmers for grain deliveries made between 2013 and this year. Announcing the 2016 national budget last week, Finance and Economic D...Published: 30 Nov 2015 at 05:42hrs | | by Oliver Kazunga
Farmers urged to desist from side marketing
Harare - Soyabean farmers were on Wednesday urged to employ correct measures for marketing in order to realize good returns.Soya bean contributes at least 30 percent of all the cooking oil pro...Published: 30 Jul 2014 at 14:31hrs | | by Portia Sigauke
Zimbabwe expecting 3300MT of sugar beans
Harare - Zimbabwe is projecting to produce 3300 metric tonnes of sugar beans this year following an increased number of small holder communal farmers taking up the crop which has ready markets, an...Published: 01 Jul 2014 at 10:17hrs | 5779 | by Portia Sigauke
Agriculture important for employment creation
Harare - Agriculture has the capacity to turn around the country's economy by creating employment to young people and boost food security if farmers are given enough financial and moral support by...Published: 01 Jul 2014 at 10:17hrs | | by Portia Sigauke
Two in court for crop side-marketing
A 38-year-old tobacco contract farmer will perform 210 hours of community service after a Karoi magistrate found him guilty of side marketing his crop last week.Magistrate Mr Obidience Matare ...Published: 29 Jun 2014 at 07:49hrs | | by Staff Reporter
Tobacco farmers turn to contract growing
Zimbabwe's three tobacco auction floors are facing an uncertain future following indications that farmers are turning to contract growing, which offers higher returns. Last week, it also emerg...Published: 11 May 2014 at 07:14hrs | 637 | by Faith Mhandu
TSL revenue up 31%, profit up 50%
TSL Limited posted a 31% growth in revenue to $20.22 million for the six months ended 30 April 2013 from $15.38 million in the same period last year on the back of strong performance from the group's...Published: 14 Jun 2013 at 09:54hrs | | by Business reporter
Tobacco marketing season officially opens, dominated by new farmers
The 2013 tobacco marketing selling season opened on Wednesday with beneficiaries of President Robert Mugabe's land reform programme forming the majority of those who brought their bundles to be so...Published: 13 Feb 2013 at 17:31hrs | | by Staff reporter
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