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AMA raises $75m for grain procurement

Martin Kadzere Senior Reporter The Agricultural Marketing Authority has raised $75 million for grain procurement after the agro-bills it issued last month were fully subscribed, an official said. Analysts said the overwhelming response is largely attributed to growing appetite for such instruments in light of perceived uncertainty over Zimbabwe’s currency …

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Cement sector has excess capacity: Lafarge

Bulawayo Bureau Zimbabwe cement industry has excess capacity to meet the 1,3 million tonnes annual domestic demand as the sector has an installed capacity of 2,4 million tonnes, an official has revealed. Last month the market experienced cement shortage, which the country’s largest cement producer, PPC Zimbabwe, attributed to annual …

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Wheat supply remains critical

Enacy Mapakame Herald Reporter Zimbabwe’s wheat supplies remain critical due to logistical challenges arising from failure by the National Railway of Zimbabwe to speedily move the grain from Beira, Mozambique. The Grain Millers Association of Zimbabwe said nearly 180 wagons were stuck in Beira, blaming the NRZ for the slow movement …

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Gold extends rally

Gold futures yesterday looked likely to extend a rally that has returned prices to July levels, with a generally upbeat tone in place even with volatile stock markets quieted. Fresh weakness for a leading dollar index helped gold hold higher ground as December gold GCZ8, +0,32 percent  rose $2,90, or 0,2 …

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Rural women, agric in Zimbabwe

Danai Chirawu On  the 15th of October 2018, the world commemorated the International Day of the Rural Woman under the theme “sustainable infrastructure, services and social protection for gender equality and empowerment of rural women and girls.” It is important that along with all the other days which are set aside …

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SA rand steady

JOHANNESBURG. — South Africa’s rand inched lower early yesterday due to profit-taking as the dollar regained some ground after sliding on poor retail sales data. At 0630 GMT the rand was 0,07 percent weaker at 14,3750 per dollar, down from an overnight best of 14,3250 as its three-session rally ran out …

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Zim trade deficit with SA jumps three-fold

ZIMBABWE’S trade deficit with South Africa jumped 285% to $585,76 million in the period February to September this year compared to $152,1 million recorded during the same period last year, latest figures show. By Mthandazo Nyoni The country imported goods and services from South Africa worth $1,858 billion against exports …

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The EIA and small scale artisanal miners

Zimbabwe is endowed with vast mineral resources, especially along the Great Dyke. As such, the mining industry has expanded over the years and is a significant contributor towards the nation’s Gross Domestic Product. The mining industry is characterised by large, medium and small scale miners. The Agency uses various tools …

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Wheat stuck at Beira as bread shortages persist

Millers have called on the Transport ministry to intervene to expedite the transportation of wheat into the country after it emerged that a consignment of imported wheat is stuck at Beira. By Freeman Makopa Zimbabwe last week imported 30 000 tonnes of wheat after some millers had closed shop due …

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