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Cotton Farmers Urged to De-Stock

By Tawanda Mangoma The Plant Quarantine Services has warned cotton farmers here to complete the de-stocking of cotton stems or risk being penalised starting nextweek. Plant health inspector in the Ministry of Lands, Agriculture, Water, Climate and Rural Resettlement Mr Julius Dhliwayo told farmers here that beginning next week farmers …

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Month-On-Month Inflation Slows

Zimbabwe’s annual inflation rate rose 0,54 percent to 4,83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a marginal upturn from the July 2018 figure of 4,29 percent. Month-on-month inflation also decreased by 0,59 percentage points to 0,39 percent in …

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‘US dollar to anchor economic recovery’

Golden Sibanda Senior Business Reporter PRESIDENT Mnangagwa has reassured the nation that the United States dollar will remain the bedrock of Government plans for accelerated reforms to address the multiplicity of challenges besetting the economy, chief among them cash and foreign currency shortages, as his administration moves to stabilise the …

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Cashel Valley to Resume Bean Production

Over 300 families are set to benefit from the resuscitation of the Cashel Valley Irrigation Scheme in Chimanimani District following calls to revive agro-processing in the bean-producing area. The revival of the scheme that covers Cashel Valley resettlement area, which includes Guhune, Biriiri and Gonzoni is being headed by the …

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Govt to launch transitional economic plan

Africa Moyo and Michael Tome GOVERNMENT plans to launch a Transitional Economic Stabilisation Programme mid next month, which is expected to set the tone for the attainment of a middle-income economy by 2030. This was said by Finance and Economic Development Minister Professor Mthuli Ncube  in Harare yesterday while addressing …

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Unclaimed pension benefits rise to $30m

Ishemunyoro Chingwere Business Reporter THE value of unclaimed pension benefits has risen to $30 million with about 48 000 pensionable claims on the books of insurance companies lying unclaimed, the Insurance and Pensions Commission (IPEC) has said. The continued rise in the figure has jolted the insurance regulatory board to …

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Asset management key to long-term financial planning

Tatenda Makoni In an effort to make life better, the Zimnat Group offers services essential for prudent wealth management, from insuring wealth to providing short-term financing solutions and long-term financial planning. This article seeks to explore the aspect of long-term financial planning. It demystifies the term “Asset Management”, as well …

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Govt Secures 5-Year, $250m Line of Credit

Zimbabwe has secured a US$250 million line of credit from Gemcorp Capital, an international independent investment management firm focused on emerging markets, for the importation of essential commodities. In a joint statement, the central bank, the Treasury and Gemcorp said the five-year loan facility would enable the importation of essential …

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