Arda to set up horticultural hub in Mash Central

Kudakwashe Mhundwa Business Reporter The Agriculture and Rural Development Authority (Arda) intends to set up an export procurement hub for horticultural crops at its Muzarabani estate to increase out grower participation in the Mashonaland Central Province. Crops earmarked for the programme include ginger, garlic, tomatoes, guavas and mangoes. “These are …

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Import bill drops for 4th consecutive month

Business Reporter Zimbabwe’s import bill has fallen for the fourth consecutive month due to a combination of austerity measures introduced by Government as well as limited availability of foreign currency. According to the latest trade figures released by the Zimbabwe Statistics Office (Zimstats), the country’s import bill for the month …

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Tobacco auction floors for Mash West

Michael Tome Business Reporter The Tobacco Industry and Marketing Board (TIMB) says it is has received an application to open auction floors in Mashonaland West Province in a bid to decongest the traditional Harare auction floors. Tobacco sales floors have constantly been overwhelmed with (tobacco) farmers from across the country …

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Listed entities stick to USD reporting standards

Zimbabwe Stock Exchange listed companies that have released their financial results to date, have resorted to the use of old reporting standards as they await detailed guidelines from various regulators, Business Weekly has established. The need to change reporting standards was necessitated by the long awaited decision by the Reserve …

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ZimTrade, Schweppes win Sadc awards

Business Reporters National trade development and promotion body, ZimTrade and a local beverage processor, Schweppes Zimbabwe Limited, were on Wednesday awarded Southern African Development Community (Sadc) accolades for coming out tops in different categories at an event held in Windhoek – Namibia. ZimTrade was awarded the Sadc Annual Quality Award …

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Non-performing parastatals warned

Africa Moyo recently in BEITBRIDGE President Mnangagwa has warned parastatals that continue to under-perform despite Government support saying days of perennial poor performances and failure to complete projects they would have embarked on are over. The President said this in Beitbridge on Wednesday during the commissioning of the National Backbone …

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ZETDC seeks tariff increases

BY TATIRA ZWINOIRA ZIMBABWE’S power utility is considering increasing electricity tariffs by as much as 30% to reflect the rise in production costs following the devaluation of the local currency last month. Monetary authorities in the southern African nation removed the 1:1 peg set against the greenback, allowing a managed …

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Zim trade registers $44,2m deficit

BY MTHANDAZO NYONI ZIMBABWE’S trade opened the year in the negative, registering a $44,2 million deficit in January, latest data from the statistics agency has shown. Figures released by the Zimbabwe Statistics Agency (ZimStat) show that in January, the country imported goods and services worth $336,8 million against exports of …

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