Zimbabwe’s food processing start-up Amandla Brands to explore new markets

ZIMBABWE - Amandla Brands, a local food processing start-up, has unveiled plans of introducing new products range capitalising on convenience in its ambitions of exploring new markets. The company’s managing director, Sympathy Sibanda-Mazuruse, said that the Amandla will also focus on healthy product innovations as part of its expansion strategy, reports NewsDay. “Our trademark registration…

Zimbabwean association calls for increased soybean production to curb imports

ZIMBABWE – The Oil Expressers Association of Zimbabwe (OEAZ), an oil producer’s lobby group, has called for increase output of soybean as an intervention to cut reliance on imports. A report by NewsDay reveals that Zimbabwe’s soyabean local demand stands at 400 000 metric tonnes annually against its current production capacity of around 60 000…

Zimbabwe’s Simbisa Brands doubles half-year profits amid tough economy

ZIMBABWE – Simbisa Brands Limited, Zimbabwe’s largest fast-food group, has posted an increase in profit after tax of US$16.5 million during its six months to 31st December 2018, up from US$7.9 million posted in the previous period. The Zimbabwe Stock Exchange-listed quick service operator’s revenue for the period under review increased 44% to US$143.2 million…

Zimbabwe millers close 79 businesses amid economic hardships

ZIMBABWE – The Grain Millers Association of Zimbabwe (GMAZ) has revealed that at least 79 milling companies have folded up in the country as a result of economic hardships which have seen an increase in grey imports. GMAZ chairman Tafadzwa Musarara, said that the local milling industry has been straining to sustain their operations subsequently…

Japan, FOA hand over surveillance project to Zimbabwean small scale farmers

ZIMBABWE – Zimbabwean small scale farmers are set to benefit from a US$500 000 disease and pest surveillance project from Japan and the United Nations Food and Agriculture Organisation (FAO). The project which was handed over to the government is expected to strengthen the capacity of small-scale farmers to fight Avian flu and the fall…

Zimbabwe grain millers mull contract farming to boost production

ZIMBABWE - The Grain Millers Association of Zimbabwe (GMAZ) has unveiled plans of venturing into a contract farming scheme with an aim of increasing the country’s wheat output. According to a report by NewsDay, the move seeks to set off the country from overreliance on wheat imports - which has in the past implicated the…

Quick Service Restaurant Simbisa Brands to invest US$10m in expansion plan

ZIMBABWE – Simbisa Brands, a leading quick service restaurant based in Zimbabwe, has unveiled plans of investing US$10 million in setting up to 21 new outlets across the country. According to Warren Meares, Managing Director at Simbisa Brands, the expansion plan is part of the group’s efforts to secure a wider market share in the…

Zimbabwe beer prices surge as beverage manufacturer Delta turns to forex sales

ZIMBABWE – Retail beer prices in Zimbabwe have continued to escalate, growing by more than 100%, as beer manufacturer fault forex shortages and a challenging business environment characterised by diminishing consumer spending. The economic pressure in the country has pushed the leading beverage manufacturer, Delta Corporation Limited, to start pricing its product in hard currency.…

Zimbabwe’s Ariston Holdings reports 31.2% in revenue growth on increased exports

ZIMBABWE -  Ariston Holdings, a listed diversified agricultural firm in Zimbabwe posted a 31.2% increase in revenue to US$14.3 million during its 2018 financial year up from US$10.9 million in the previous year. The company which operates six estates in the country with investments in fruits, tea and nuts majorly for export said that increased…

Zimbabwe’s Varun Beverages eyes agro-processing to bolster exports

ZIMBABWE - Varun Beverages Zimbabwe (Pvt) Limited, franchise bottler of PepsiCo in the contra, has unveiled plans of possibly diversifying its operations to include agro-processing lines as it seeks to improve the exports. Krishnan Shankar, Pepsi group chief executive officer said that the group is looking at establishing a potato and tomato processing plant in…