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Farmers to submit five year development plan to qualify for 99-year leases

00HARARE Corporate bodies other than Statutory bodies, churches and educational institutions will be able to hold the Government’s 99-year lease albeit with conditions attached to it while farmers will be subjected to annual rent and to purchase improvements on the leasehold. According to the draft document which will soon be presented before Cabinet, Government will…

Raw milk production up 15% in first half

00HARARE Zimbabwe’s raw milk production for the six months to June 2016 increased by 15.35% to 31.9 mln litres from 27.6 mln litres same period last year largely on increased production from small scale dairy farmers. According to latest figures from the Dairy Services Department in the Ministry of Agriculture Mechanisation and Irrigation Development, monthly…

BAT Zimbabwe says challenges will remain in H2 after profit slump

00HARARE British American Tobacco (BAT) Zimbabwe foresees reduced profitability at year end as the group does not expect the trading environment to improve in H2. Managing Director Clara Mlambo told an analyst briefing for the half year period ending 30 June 2016 that group profit was impacted by some decisions on costs, but it will…

Agriculture financing tops $576 mln in March

00HARARE Zimbabwe still needs to import close to 600 000 metric tonnes of maize to ensure the country has enough supplies for food and to maintain the strategic grain reserves at the level they are supposed to be. Under the Grain importation programme, Government is targeting to import 1.36 million metric tonnes valued at $560.91…

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