THE government has introduced a new crop insurance product to cover farmers under the agriculture climate proofing scheme, Pfumvudza/Intwasa, with a US$1 million pilot project being implemented in selected areas for this season. The new product, dubbed the Area Yield Index Crop Insurance (AYICI), was pioneered in the southern African region and is meant to…
A NEW trade protocol between Zimbabwe and China for the export of citrus fruit is expected to boost local horticulture production through direct access to the huge Asian market. This comes as Zimbabwe has been actively working to add China as a major agriculture export market. The trade protocol will broaden export destinations for Zimbabwean…
TO understand what real estate investment trusts (Reits) are all about, the first order of business is to distinguish them from real estate. Investing in real estate entails purchasing immovable property such as office buildings or a residential park. To be a player in this industry, one must have the capacity to purchase immovable property…
BORDER Timbers is set to exit judicial management after its shareholders approved settlement terms for an apportionment of awards issued to the company and its associates in 2015 through an arbitration, a matter that had delayed the lifting of its administration. The company was placed under judicial management in January 2015 after failing to service…
EVEN though activity on the Victoria Falls Stock Exchange (VFEX) has been improving, turnover remains low, with Bindura Nickel Corporation (BNC) shares having traded in only a single instance since the company moved to the US$-denominated market mid-December. The company’s shares listed on the VFEX on December 17 after a migration from the ZWL-denominated Zimbabwe…
THE property market is likely to remain under pressure during the first quarter of the year due to the effects and restrictions of the Covid-19 pandemic, and a persistently difficult macro-economic environment, Old Mutual Securities (Omsec) has said. In a note last week, the research firm said apart from the effects of the pandemic, property…
THERE are two principal ways in which one can get an unwanted tenant to leave their property. Firstly, there is the eviction summons route. This approach is predicated on a breach that would have been committed by the tenant, say failure to pay rent or violation of material terms of the lease agreement. It is…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-278605.mp3?cb=1732288411.mp3In most countries where the VAT system is in operation, among the common challenges is the under-declaration of revenue and overstatement of input tax claims. These often threaten revenue mobilisation for these countries, particularly those in Africa, because of the weak tax systems. In an effort to address some of these challenges governments have in…
THE Agriculture Marketing Authority (AMA) is inviting new companies to contract farmers to help ease capital constraints and boost agriculture production. This comes as the regulator announced that at least 16 of a total of 33 agriculture contractors have complied with regulations that require submission of the list of farmers contracted, copies of contracts, investment…
BUSINESS has implored the government to treat the availability of adequate electricity in the country as one of its top priorities. This comes as Zimbabwe is facing fresh and brutal power cuts — which the government has ascribed, in the main, to critical maintenance works at Kariba Hydro Power Station. Speaking to The Financial Gazette…
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