AGRICULTURE minister Anxious Masuka says three million households targeted by the government’s climate-proof farming support scheme, Pfumvudza/Intwasa, will be covered by weather-based insurance. Pfumvudza/Intwasa is a conservation agriculture technique adopted by the government to help climate proof agriculture production in the wake of recurring droughts in the country and the region. This comes as agriculture…
INDUSTRIAL Development Corporation-owned Chemplex Corporation says the country will by the 2023/24 agriculture season be able to meet its 400 000 tonnes annual basal fertiliser requirements through local production. Chemplex acting chief executive James Chigwende said the installation of a US$1,1 million fertiliser blending plant at its subsidiary, Zimphos, coupled with the acquisition of a…
ZIMBABWE and China are keen on reviving the Harare-Beijing air route, which was abandoned in 2012, economic and commercial counsellor of the Chinese Embassy Huang Minghai has said. Speaking during the opening ceremony of a civil aviation cooperation and capacity building seminar in Harare last week, Minghai said China and Zimbabwe “enjoyed pragmatic and mutually-beneficial…
YOUTH-focused financial institution, EmpowerBank, is waiting for $700 million capital injection from the government to complete a slew of business development initiatives lined up for this year. In a statement accompanying half-year results to June 30, 2022, the bank’s board chairman Rudo Kumirai said the delay in capital disbursement also affected other business development initiatives,…
The Association of Healthcare Funders of Zimbabwe (AHFoZ) will convene an all-stakeholders conference this month in Victoria Falls to examine, among other things, effective medical aid coverage, at a time when many health insurance policy holders are complaining about deficiencies. Our News Editor Tendai Kamhungira (TK) spoke to AHFoZ chief executive Shylet Sanyanga (SS) to…
PPC Zimbabwe says housing pressure in the country continues to work in its favour as individual home builders are driving cement sales, with 79 percent of sales being in bags and the remainder in bulk. Zimbabwe’s housing backlog is estimated at 1,2 million units. Addressing journalists after a tour of the Harare plant last week,…
POWERSPEED Electrical Limited (Powerspeed) says inflationary pressures have eroded most households’ disposable income, as consumers have resorted to cutting expenditure in electricals, affecting the group’s margins. In a trading update for the third quarter ending June 30, 2022 this week, the firm, which manufactures and trades in electrical products such as generators, inverters, batteries, solar…
FARMERS say they have no option but to rely on government support given the lack of funding options on the market, even though they admit this might not be sustainable in the long run. This comes after the government recently emphasised that its various support programmes for farmers would stay for the foreseeable future. It…
Lewis Hamilton admitted that he was driven to “the edge of breaking point with my emotions” after seeing what he believed was a possible win in the Dutch Grand Prix snatched from his grasp. Max Verstappen took yet another consummate victory – his 10th in 15 races so far this year – as he marches…
ZB Financial Holdings (ZB) says Zimbabwe’s capital markets still provide some viable investment options, despite the prevailing high inflation and an unstable exchange rate. In a presentation at the week-long Zimbabwe Agricultural Show, which ended last Saturday, ZB said the stock market, bonds, life insurance and mutual funds were long-term investment options investors could invest…
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