By Tendai Marima Dozens of green and yellow tractors, along with eight combine harvesters and other pieces of agricultural equipment were delivered to Zimbabwe in April as part of an audacious attempt to mechanise and modernise a farming industry currently...
Spear Capital, a Scandinavian private equity investment firm that holds minority stakes in various companies in Southern Africa, is invested in Zimbabwe dairy Dendairy and wholesaler Metro. The fund says it is tracking at least two possible new investments...
Gold is rallying globally and leading producers around the world are rubbing their hands in anticipation of a windfall. But unable to pay gold miners and hurt by a poor forex regime, Zimbabwe could yet again be missing out...
Zimbabwe’s largest farmers’ union says it sees no reversal of land reform under a controversial government move to offer land as compensation to former farmers that were protected by investment treaties. The Ministers of Finance and Agriculture recently announced that...
Maize deliveries have soared thanks to more speedy payments, boosting supplies of the scarce staple, according to the Grain Marketing Board. Farmers sold 124,985 tons during the first four months of the season compared with 76,400 tons a year earlier...
Sales of Zimbabwe’s tobacco, the second largest foreign currency earner, fell 23.52% to 178.7 million kilograms this year, official data showed on Monday, after production was affected by lower rainfall. The tobacco auction season, which ended on Friday, traditionally leads...
Zimbabwe will return land to dispossessed farmers who were under Bilateral Investment Protection and Promotion Agreements (BIPPAs), while other white farmers on land repossessed under land reform can apply for 99-year leases, the Government says. In a joint statement Monday,...
With cash in the bank after selling the iconic Meikles Hotel, Meikles Limited is refocusing strategy on growing its farm exports. Meikles sold its flagship hotel to Dubai’s Albwardy for US$20 million in February. While the company retains tourism interests...
Reserve Bank of Zimbabwe governor John Mangudya on Friday issued a mid-term monetary policy statement crammed with optimism, but new measures on forex and mobile money show a bank still battling for control. Mangudya says the new currency auction system...
Zimbabwean businesses accepting payment in foreign currency but paying taxes only in Zimbabwe dollars risk heavy fines, the Zimbabwe Revenue Authority (Zimra) says. Zimra and the Reserve Bank of Zimbabwe on Thursday issued a joint appeal for voluntary compliance with...
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