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Zimbabwe govt, banks seal deal to help farmers secure title deeds
The Government has signed a landmark agreement with six banks to offer mortgage facilities that will enable farmers to acquire title deeds, access better financing, and advance agricultural developmen...Published: 13 Jun 2025 at 06:25hrs | 411 | by Staff reporter
Preparations for 2025/26 tobacco season underway
Zimbabwe's tobacco farmers have begun sowing seedbeds for the 2025/26 irrigated crop, with seed sales starting to pick up despite a slower start compared to the same period last year.According...Published: 10 Jun 2025 at 08:45hrs | 52 | by Staff reporter
Extended tobacco stalk destruction date expires
The grace period granted to tobacco farmers to clear their fields of tobacco stalks and roots ended on June 5, and the Government has now intensified monitoring efforts to enforce compliance, with def...Published: 09 Jun 2025 at 08:40hrs | 124 | by Staff reporter
Tobacco crop under threat from fungal disease
Zimbabwe's tobacco farmers are facing a major crisis as a destructive fungal disease, Fusarium Wilt and Root Rot (FWRR), spreads across fields, threatening the country's lucrative tobacco industry....Published: 25 Apr 2025 at 07:24hrs | 85 | by Staff reporter
Nedbank reaffirms commitment to Zimbabwe as an investment destination
Nedbank Group has reiterated that Zimbabwe remains an attractive destination for foreign direct investment and pledged continued support for key sectors of the economy to drive growth.Dr. Tere...Published: 07 Mar 2025 at 06:55hrs | 110 | by Staff reporter
Zimbabwe targets 300 million kg tobacco harvest
The Zimbabwean government has set an ambitious target of 300 million kilograms for the 2024-2025 tobacco harvest, bolstered by favorable rainfall projections from the Meteorological Services Departmen...Published: 29 Nov 2024 at 06:51hrs | 118 | by Staff reporter
Zimbabwe targets US$ 1,6bn tobacco exports
Zimbabwe has so far exported over 98 million kg of tobacco since the start of the marketing season as the country makes strides towards achieving its target of over US$1,6 billion in total exports, a ...Published: 04 Aug 2023 at 06:37hrs | 10 | by Staff reporter
Agricultural Extension officers in Tobacco farming tipped
Senior Agronomist Lazarus Gatawa has urged Extension officers in tobacco production to use their skills in guiding farmers to improve their farming practices.He said the current tobacco season...Published: 27 Dec 2022 at 17:22hrs | 9 | by Simbarashe Sithole
Tobacco company fails to pay transporters
A COLD war is looming between some tobacco transporters and Voedsel Tobacco International over non-payment for services rendered.Disgruntled transporters say they have not been paid for servic...Published: 13 Sep 2021 at 05:58hrs | | 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 | 15 | by Staff reporter
CFI hails RBZ for stabilising Zimdollar
AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting in place measures aimed at reinforcing the stability of the local currency which have seen a decelerati...Published: 25 Aug 2021 at 08:33hrs | 1 | by Staff reporter
Zimbabwe tobacco surpasses expectations, but farmers need better deal
ZIMBABWE has this year enjoyed one of its most productive tobacco seasons, but poor payment models for the farmers caused by the currency volatility left many farmers at the mercy of contract buyers....Published: 23 Aug 2021 at 06:52hrs | | by Staff reporter
Half a million Zimbabweans lose jobs
ABOUT 500 000 Zimbabweans have lost their jobs since the Covid-19 pandemic broke out last year igniting de-industrialisation, the World Bank (WB) said, as it revealed extensive food shortages and wors...Published: 13 Jun 2021 at 07:27hrs | | by Staff reporter
Stanbic sets up remote branches for tobacco season
Harare - 09 March 2021 Leading financial services institution, Stanbic Bank, has set up nine remote branches at tobacco auction floors throughout the country to enable ease of access to funds for toba...Published: 09 Mar 2021 at 14:39hrs | 3 | by Agencies
Zimbabwe's agriculture seen recovering despite challenges
ZIMBABWE should enjoy a decent harvest for all crops in the current season due to good rains that have been consistent in the past few weeks, farmers' organisations say.A good harvest for grai...Published: 14 Jan 2021 at 11:48hrs | | by Staff reporter
Whites score big against blacks - land compensation
Land is and was at the centre of all political developments for the indigenous black Zimbabwean population's pre and post independence movements. The liberation war against white minority rule's black...Published: 23 Apr 2019 at 15:37hrs | | by Terence Simbi
A look into Zimbabwe's tanking economy
The country's largest gold producer is on the brink of collapse because of government's warped foreign currency retention policy; the cost of bread has gone up, more than three times in hardly a month...Published: 21 Apr 2019 at 08:50hrs | 12 | by Staff reporter
RTGS$ to stabilise, gain value, insists Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed confidence that the RTGS dollar will stabilise and gain value beyond the prevailing market volatility as Government for...Published: 17 Apr 2019 at 07:02hrs | | by Staff reporter
Mnangagwa fumes
PRESIDENT Emmerson Mnangagwa yesterday warned retailers and companies against "unjustified" price increases which he said had brought untold suffering to ordinary Zimbabweans.Incidentally, as ...Published: 12 Apr 2019 at 08:24hrs | 2 | by Staff reporter
'Exports, investor confidence to jumpstart forex inflows'
The Reserve Bank of Zimbabwe (RBZ) says the country's forex situation will improve as the year progresses on the back of increased confidence and growing exports.RBZ deputy director for econom...Published: 12 Apr 2019 at 06:42hrs | 3 | by Staff reporter
Tobacco season to begin next week
ZIMBABWE'S 2019 tobacco marketing season will start on March 20, the industry's regulator has said.Tobacco is the country's second biggest export earning commodity after gold.Last year...Published: 12 Mar 2019 at 06:04hrs | 1 | by Staff reporter
'Mnangagwa does not lack legitimacy'
President Emmerson Mnangagwa does not lack legitimacy but his problem is confidence, a political analysist Fidelis Fengu of Fidelis Fengu and Associates a Harare based political Think-tank has said....Published: 27 Feb 2019 at 07:29hrs | | by Mandla Ndlovu
Mapfumo must embrace a spirit of patriotism
It's a shame to know that Thomas Mapfumo a Zimbabwean and an American based songwriter and singer utters that the New Dispensation should practice good governance before they call for the removal of e...Published: 04 Dec 2018 at 14:03hrs | 1 | by Rudo Saungweme
Top forex earners to spur Zimbabwe revival
IMPROVED production of the country's two top foreign currency earning commodities, tobacco and gold is likely to be a springboard to the country's economic turnaround.Captains of industry and ...Published: 25 Nov 2018 at 08:21hrs | 11 | by Staff reporter
Joram Gumbo refuses to resign
Energy and Power Development minister Joram Gumbo has stuck to his guns, declaring that he will not resign despite pressure from stakeholders peeved by the worsening fuel situation.This follow...Published: 10 Oct 2018 at 15:55hrs | | by Staff reporter
Zimbabwe economy skids
Analysts have raised fears that the country's troubled economy could soon plunge into another full blown crisis akin to the ugly 2008 hyper-inflationary era — unless the government acts urgently to ...Published: 05 Sep 2018 at 15:46hrs | | 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
Zimbabwe diasporans told to invest back home
ZIMBABWEANS living in the diaspora should invest back home and be part of the country's transformation process, a top industrialist has said.Donovan Chimhandamba, chairman of the Diaspora Infr...Published: 07 Jun 2018 at 09:25hrs | 2 | by Staff reporter
'Zimbabwe needs own currency'
Since the President Emmerson Mnangagwa-led new dispensation took charge last November, long-suffering Zimbabweans feel the country's economy has remained in the doldrums.The cash crisis, which...Published: 20 May 2018 at 19:46hrs | 2 | by Staff reporter
Tobacco cash flows fail to improve liquidity
Foreign currency raised from this year's tobacco sales has not improved Zimbabwe's liquidity position because of the significant increase in the fuel import bill caused by a hike in international oil ...Published: 14 May 2018 at 07:55hrs | | by Staff reporter
Zimbabwe farmer's escape from death's jaws
AFTER spending 80 years on the same farm, building a school that the late Defence minister Moven Mahachi once attended, the Smart family thought nothing would uproot them from this property they had g...Published: 12 May 2018 at 15:14hrs | 1 | by Staff reporter
Armed robbers wreak havoc in Mvurwi
Three armed robbers using a black Honda Fit allegedly pounced on Mvurwi people and robbed them of their valuables after offering them a lift yesterday night, Bulawayo24.com has learnt.Accordin...Published: 26 Apr 2018 at 10:45hrs | 15 | by Simbarashe Sithole
Buyers mobilise $900m for tobacco
International tobacco buyers are expected to mobilise between US$800 to US$900 million to buy the crop this year, a move expected to boost foreign currency inflows into the country, The Sunday Mail Bu...Published: 25 Mar 2018 at 08:47hrs | | by Staff reporter
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
Prices of basic commodities stabilise
The current drop in basic commodity prices was influenced by a marginal decrease of fuel prices but more has to be done to address the deep-seated currency problems in the country, sector representati...Published: 04 Feb 2018 at 09:06hrs | | by Staff reporter
'Zimbabwe's nostro facility to run for 8 months
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday said the US$600 million nostro stabilisation facility from the African Export Import Bank (Afreximbank) will help alleviate foreign curr...Published: 05 Oct 2017 at 09:17hrs | | by Staff reporter
Afreximbank to bailout Zimbabwe
AFRICA'S trade finance bank, the African Export and Import Bank (Afreximbank), has made commitment to bailout Zimbabwe with about $1 billion to stabilise the economy.The Afreximbank on Saturda...Published: 25 Sep 2017 at 23:20hrs | | by Staff reporter
New 'bond notes' facility on the cards - Mangudya
THE Reserve Bank of Zimbabwe is on the verge of securing $500 million from international lending institutions which will cover for the country's immediate needs during the foreign currency dry season ...Published: 16 Jul 2017 at 10:58hrs | | by Staff Reporter
Companies closure a concern - PDP
The People's Democratic Party recently released a statement outlining concern over Deputy President Mnangagwa's demonstration of ignorance of the real Zimbabwe we are living in.Mnangagwa's dis...Published: 19 Jun 2017 at 07:00hrs | 1 | by Jacob Mafume - PDP Spokesperson
$100 million bond notes in circulation
THE Reserve Bank of Zimbabwe (RBZ) says $100 million worth of bond notes are in circulation in the market since their introduction last year.The bond notes, which are at par with the Unite...Published: 14 Mar 2017 at 06:09hrs | 1 | by Staff reporter
No more bond notes, says RBZ
FOREIGNERS used visa cards to withdraw large sums of US dollars in Zimbabwe when the withdrawal limits were still pegged at $3 000 per day resulting in millions of dollars being siphoned out of th...Published: 12 Mar 2017 at 09:09hrs | 3 | by Staff reporter
Cash boost for Zimbabwe as tobacco season nears
Zimbabwe's foreign currency situation is unlikely to get a hefty boost "immediately" as in the past because some merchants will fund purchases from export proceeds earned from last season's ...Published: 02 Mar 2017 at 06:17hrs | | by Staff reporter
US$ shortages give rise to cash discounts
ZIMBABWE's cash-selling practice is evolving with a growth in cash premiums and discounts offered for goods and services as companies struggle to raise foreign currency to import raw materials....Published: 05 Feb 2017 at 07:51hrs | | by Staff reporter
RBZ begs tobacco industry to open auction floors earlier to ease cash shortages
Reserve Bank of Zimbabwe Governor Dr John Mangudya says the tobacco industry should consider opening auction floors earlier to ease cash shortages.He said this at the official closing cere...Published: 12 Nov 2016 at 18:39hrs | | by Staff reporter
'Cash shortages set to worsen'
As jittery ordinary Zimbabweans wait with bated breath for the introduction of bond notes next month, the Reserve Bank of Zimbabwe (RBZ) has warned of worsening cash shortages ahead, in a further ...Published: 18 Oct 2016 at 15:45hrs | | by Staff reporter
Zim inflation to remain low due to falling prices
THE International Monetary Fund (IMF) projects Zimbabwe's inflation to remain low at 0,2% due to falling prices but warned that deflation would also haunt the country.Deflation occurs when the...Published: 14 Jul 2014 at 06:23hrs | | by Staff Reporter
Tobacco quality improves says TIMB
THE Tobacco Industry and Marketing Board (TIMB) has said the quality of tobacco being brought to the auction floors has improved as compared to the beginning of the season, saying this will lead to an...Published: 28 Apr 2014 at 07:49hrs | | by Staff Reporter
Hunyani reports muted performance
Hunyani reported a muted financial year ended 2012 performance as overall group volumes fell by 10% which was attributed to disposal of non-core operations and weak domestic demand. Revenue from conti...Published: 30 Jan 2013 at 09:49hrs | 1 | by Business reporter
Chief Zvimba embroiled in land wrangle with over 150 people
CHIEF Zvimba, Stanley Mhondora, is embroiled in an acrimonious land wrangle with more than 150 people, among them resettled farmers at Lion Kopje Farm, who had their offer letters withdrawn to ma...Published: 19 Aug 2012 at 19:46hrs | | by Staff reporter
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