BUSINESS NEWS

Agriculture Reporter

Ministry of Lands, Agriculture, Fisheries, Water and Rural Resettlement Permanent Secretary, Dr John Bhasera has urged farmers to adopt new technologies in their operations as a way of increasing production and improving quality of yield.

Staff Reporter

The Agriculture Technical and Extension (AGRITEX) is exploring the feasibility of using satellite imagery and drone surveillance during the 2021/22 crop assessment under Command Agriculture/National Enhanced Agriculture Productivity Scheme (NEAPS) in determining the national crop output.

Business Reporter

….as Treasury releases ZWL $500 million for outstanding payments

Cotton farmers have expressed joy following the release of ZWL$500 million for payments to farmers for last season`s deliveries.

Staff Reporter

…as Gvt boosts smelting capacity

Government through the Ministry of Mines and Mining Development (MMMD) is set to boost Ferrochrome production by increasing the country’s smelting capacity as the mining sector seeks to attain the US$12 billion industry target by 2023.

Staff Reporter

Government’s withdrawal of the US$50 facility that had been afforded to members of the general public to access foreign currency at the official exchange rate has been hailed, as it had become prone to abuse. The facility will now only be limited to pensioners, senior citizens, people living with disability and for medical purposes.

Staff Reporter

…As New Dispensations takes steps to revive it

Government efforts to revive the country’s industrial hub in Bulawayo is bearing fruit as most industries in Bulawayo continue to record progress.  This has been due to the New Dispensation`s drive for Vision 2030 which calls for the development of industrial hubs.

Staff Reporter

…As it surpasses revenue collection target

Zimbabwe Revenue Authority (ZIMRA) managed to surpass its revenue collection target despite the Covid19 pandemic and a host other challenges that confronted both the nation and the Authority.

Staff Reporter

A report on the Presidential Cotton Inputs Scheme, covering 2016 to 2022, recently produced by the Cotton Company of Zimbabwe Limited reveals that thousands of households have joined the cotton industry due to free cotton inputs being given to farmers by the Government.

Staff Reporter

Government has set in motion an agriculture and rural service insurance plan to cushion farmers from losing their crops and livestock to unexpected incidents and natural disasters such as hailstorms, strong winds, dry spells and floods, which may affect crops and livestock.

Business Reporter

… thanks to the Presidential Input Scheme

The country’s Cotton production has increased rapidly, due to the Presidential Input Scheme and Pfumvudza/Intwasa Cotton programme.

Staff Reporter

The cotton crop planted under the Pfumvudza/Intwasa and the Presidential Input Support Scheme is doing well in most parts of the country with farmers optimistic of a bumper harvest, on the back of good rains the country is currently receiving.

Business reporter

Salt suppliers in the country have urged Government and private players to join hands and conduct geological survey for salt deposits in the country, a development they say would reduce the monthly import bill by US$2 million.