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Japan in drive to capacitate rice farmers

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A TWO-DAY workshop to capacitate farmers and government agricultural extension officers and researchers on high-yielding rice cultivation techniques kick-started in Harare yesterday. Organised by the Japan International Cooperation Agency (Jica), the seminar is bringing together rice farmers from across the country, with Jica rice technical adviser Tatsushi Tsuboi sharing insights on both lowland and upland…

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Business

Impressive results for Old Mutual

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DIVERSIFIED financial service group, Old Mutual Zimbabwe Limited (OMZIL), says net profit after tax in historical terms for half-year ended June 30, increased by 246 percent to $50 billion driven by a strong performance across the group’s business lines. Group chief executive Samuel Matsekete told shareholders attending an analyst briefing on Monday that the group’s…

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Government doubles tax-free base

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FINANCE minister Mthuli Ncube yesterday doubled the tax-free threshold and also committed to improving the welfare of restive civil servants through both monetary and non-monetary benefits. Presenting his mid-term fiscal review in Parliament, Mthuli also said the depreciation of the Zim dollar and rising inflation were twin challenges that required the support of all stakeholders.“I…

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‘Tussle for Psmas control costs civil servants’

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THE Zimbabwe Confederation of Public Sector Unions (ZCPSU), a civil servants trade union, says the government’s attempts to ‘seize’ control of the…

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Business

POSB launches mobile money transfer platform

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PEOPLE’s Own Savings Bank (POSB) has launched a low cost US$-denominated mobile money platform — POSB Remit, as the mass market financial institution bids to enhance service delivery to drive up hard currency revenue. The domestic money transfer service allows both POSB and non-POSB individual customers to send and receive US$ cash from families and…

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Public procurement contracts skewed towards men

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OLD Mutual Insurance Company Zimbabwe (OMICZ) managing director Gloria Zvaravanhu has bemoaned the low share of public procurement contracts won by women-led small to medium enterprises (SMEs). Public procurement refers to the procurement of external resources needed by the government and the entities under its control.It includes acquisitions of external resources using public funds and…

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‘Informality block start-ups’ path to funding’

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ZIMBABWE Youth Council (ZYC) chairperson Chiedza Juru says youth start-ups are still to recover from the ruinous effects of Covid-19 due to lack of access to funding schemes announced by the government to help business recover. Juru told participants attending the Zimbabwe Entrepreneurs Conference and Trade Fair over the weekend that most youth start-ups were…

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