The Bankers Association of Zimbabwe (BAZ) has warned that any further cuts in interest rates may result in banks reducing lending to the productive sector as they opt for state issued Treasury Bills, which are seen as less risky.
Tongaat Hulett says raw sugar production in Zimbabwe could rise by 26 percent in the next two years on increased sugarcane production spurred by good rains received in the region.
Individual small-scale farmers will be able to withdraw cash of up to $1 000 from their first tobacco sale and a maximum of up to $500 for subsequent sales under the 2017 selling season, which commences tomorrow.
Zimbabwe’s mining companies say local banks are delaying processing of foreign payments by three months as the country battles a shortage of dollars, which could threaten production.
Former Vice-President and National People’s Party leader Joice Mujuru says it is now her chance to rule.
Zimbabwe’s main lithium producer, Bikita Minerals, will this year spend over $7 million on plant upgrade and geological exploration as it plans to double output in 2018, an official has said.
State-owned fixed line operator TelOne slipped to a $35 million loss in 2016 after income from its voice service dropped by a quarter, documents have shown.
Higher Education Minister Jonathan Moyo has rubbished government’s proposed Command Economy project arguing that it is based on another failed project, the Command Agriculture project.