Lowveld cotton farmers in early planting

Martin Kadzere Senior Business Reporter SOME cotton farmers in the Lowveld have started planting — several weeks earlier than is usual — as early tillage of their fields has afforded them a quick start to fieldwork. In the Lowveld region — one of Zimbabwe’s largest cotton producing areas — the …

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‘Tough choices as SA debt climbs’

PRETORIA. — Tito Mboweni’s appointment as South Africa’s finance minister two weeks ago appeased investors, but the bleak picture painted in his first mid-term budget wasn’t as well received. Government debt will peak two years later, and higher, than previously forecast, the fiscal gap will widen further and state revenue …

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Zim fine-tunes GCF structures

Jeffrey Gogo Climate Story Zimbabwe has begun the search for a national consultant to spearhead the mobilisation of financial resources for domestic climate change projects with the Green Climate Fund, a special UN facility for tackling climate challenges throughout the world. The country has an $80 million climate adaptation and …

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Zim’s data costliest in Africa: Report

The latest report by the Alliance for Affordable Internet (A4AI) says Zimbabwe has highest mobile data costs in the region at $25 per gigabyte. The Source The fifth edition of the annual report examines internet access trends and policies in 61 low and middle-income countries across the globe, including in …

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Cornered Buy Zimbabwe sings imports tune

BUY Zimbabwe says all stakeholders must co-operate and ensure that the supply of goods and services return to normalcy in the country following the suspension of import restriction measures. BY MTHANDAZO NYONI Government last week announced the indefinite suspension of Statutory Instrument (SI) 122 of 2017, which was restricting the …

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‘Mining regulations still restrictive’

Zimbabwe’s domestic mining regulatory environment remains one of the most restrictive in the region and needs to change to attract investment, a leading information group Fitch Solutions says in its latest report. BY TATIRA ZWINOIRA Fitch Solutions is part of the Fitch Group, a global leader in financial information services …

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Merlin squabbles stall progress

SQUABBLES between shareholders and judicial manager of struggling Bulawayo textile manufacturer, Merlin, are stalling the disbursement of a $5 million recapitalisation facility secured from the Zimbabwe Asset Management Corporation (Zamco), NewsDay can reveal. By Mthandazo Nyoni Merlin judicial manager Cecil Madondo, of Tudor House, told a creditors’ meeting in Bulawayo …

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Import with your own forex, Mangudya says

Companies and individuals seeking to import basic commodities following the lifting of the import ban will have to use free funds, freeing the central bank from having to raise funds for the imports, Reserve Bank of Zimbabwe governor John Mangudya has said. BY TATIRA ZWINOIRA With most basic commodities in …

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‘Opening of borders to stabilise prices, but…

GOVERNMENT’s lifting of the import ban on selected goods will stabilise prices and contain the rising inflation in the short term, but keep the economy in inflationary mode due to the high money supply in the market, an expert has said. BY TATIRA ZWINOIRA Since Tuesday, when government lifted the …

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Natfoods bosses accused of looting trust shares

National Foods Limited (NFL) workers have accused their management of ‘looting’ their trust shares amounting to 0,15% of the company’s entire issued share capital. BY MTHANDaZO NYONI According to the settlement on the National Foods Workers’ Trust, NFL undertook to ”give and donate, or procure the donation, to the trust …

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