Tobacco farmers in Zimbabwe call for better deal Agriculture News
Harare, Zimbabwe – Bornface Batwero is sitting in the seat of the driver of his truck sitting outside the Tobacco Sale floor – the capital of Harare is the place for auctions, where farmers gather around Zimbabwe to sell their crops.
It’s mid-morning on Monday. Batwero told Al Jazeera he was waiting to receive payment for the consignment of tobacco he sold on Friday when he arrived from the Centenary, a rural area of Mashonaland province, 144 km (89 miles) northwest of Harare.
“I am currently awaiting my payment,” said the 37-year-old tobacco farmer. “I don’t know how much they’ll pay me.”
ZSE on growth trajectory
The Zimbabwe Stock Exchange (ZSE) maintained its growth trajectory spurred by firming demand in selected counters.
During the week to Wednesday, the primary indicator, the ZSE All Share Index, rose 4,05 percent to 4 592 points from 4 414 recorded in the previous week.
The ZSE Top 10 Index went up 4,2 percent to close at 2 646 points while the ZSE Top 15 jumped 3,8 percent to 3 009 points.
At 11 110 points, the Medium Cap was 4 percent above prior week level.
The Small Cap was the only indicator to close pointing southwards after letting go 2 percent to 43 271, although it remains the biggest gainer on a year to date basis by 263 percent.
ZSE on the rebound, gains ZWL$45bn ZSE on the rebound, gains ZWL$45bn
After sharp losses of more than ZWL$54bn in the first two weeks this month, the Zimbabwe Stock Exchange (ZSE), has taken back a chuck of those losses following a strong bull-run hitting the runway with strong gains during the 14 days to yesterday,
Business Times can report.
At the end of March, stock valuations ran up to lofty levels, recording ZWL$543bn.
But, between April 1 and 14, 2021, that lofty valuation was quickly shattered after indices turned south.
The ZSE quickly plummeted, shedding about ZWL$54bn in two weeks to ZWL$489bn. The drop was widely blamed on tight liquidity in the market.
By Alois Vinga
ACCOMPLISHED barrister, Canaan Dube will assume the chairmanship of the Hippo Valley management board beginning next month.
He takes over from Daniel Leseja Marokane who resigned from the board after serving for three years.
In a recent update, the organisation’s company secretary, Pauline Kadembo advised shareholders of the latest appointment.
“Canaan is an accomplished lawyer and senior partner in one of Zimbabwe’s leading law firms, Dube, Manikai, and Hwacha Legal Practitioners,” she said.
“He has extensive knowledge and experience in corporate governance, mergers and acquisitions, and trade and investment law and will bring much-needed legal and public relations guidance.”
Jekesai Njikizana /AFP
Zimbabwe is aiming to vaccinate 60% of its population to reach herd immunity.
The country s travel and tourism sector is among the hardest hit sectors globally as countries implemented various levels of lockdowns and travel restrictions to limit the spread of the coronavirus pandemic.
Authorities say the country lost more than US$1.6 billion worth of revenue in 2020 alone.
Zimbabwe is hopeful of the return of international tourism and travel and has put its best foot forward by vaccinating the entire population of its biggest tourist attraction - Victoria Falls.
Furthermore, efforts are already underway to vaccinate residents of its border towns to at least 60% herd immunity levels.