Zimbabwe’s biggest flour miller National Foods to close down mills

ZIMBABWE – National Foods, Zimbabwe’s leading flour and food producer has announced that it plans to shut down its flour mills blamed on impeding foreign currency shortages in the country, according to ANA report. The Harare based food company had written to its customers indicating the intention to close down its flour processing factories in…

Natfoods invests US$7.7m in contract farming

ZIMBABWE - Listed firm, National Foods has invested $7.7 million through Paperhole Investments Commodities towards contract farming for the 2017-2018 summer cropping season. The NatFoods scheme comes at a time when farmers are increasingly turning to contract farming and joint ventures for inputs and equipment at lower interest rates compared to banks. For years, farmers…