Zimbabwe’s grain board GMB receives 900,000 tonnes of maize

ZIMBABWE - The cereals and oilseeds commodity trader, Grain Marketing Board (GMB) of Zimbabwe has received 896 273 tonnes of maize and 21 750 tonnes of small grains for the past crop season. The Herald reports the volume was a result of measures put in place by the parastatal to ensure smooth deliveries of the…

Nespresso announces long-term investment to revive Zimbabwe’s coffee industry

ZIMBABWE – Nespresso, a coffee operating unit of the Nestlé Group, has announced a long-term investment plan to revive Zimbabwe’s coffee industry and stimulate the rural economy. The company announced that it will provide training and technical assistance to 400 smallholder coffee farmers over the next five years, with the goal of increasing the country’s production…

Agric import substitution scheme receives US46m beef facility from Homelink Group

ZIMBABWE- Zimbabwe’s special maize import substitution scheme, Command Agriculture has received more private sector financiers including  Homelink Group, a subsidiary of the Reserve Bank of Zimbabwe (RBZ) who have provided US$6 million facility focusing on beef production. Other investors include National Foods Limited, Northern Farming, Staywell (Trading) and chicken producer Irvine’s Zimbabwe which is supporting…

FAO partners Zimbabwe on US$200,000 irrigation project to boost food security

ZIMBABWE- Food and Agriculture Organization of the United Nations in partnership with the government of Zimbabwe have announced a US$200,000 project to rehabilitate two major irrigation schemes in Zaka in a bid to enhance food security in the dry district, reports the Herald. The funding will be used in the revival of Nyatare and Mabvute…

Dairibord overturns loss position with 131% jump in profits in the half year

ZIMBABWE - Food and dairy processor, Dairibord Zimbabwe Holdings has recorded 131% increase in net profit to US$269,844 during the half year ended 30 June 2018 on volumes growth and restructuring. Revenue for the period was 15% above same period last year to US$50.8 million while volume grew 6% to 41 million litres as a…

Grocery retailer OK Zimbabwe opens 49th outlet as it consolidates retail space

ZIMBABWE - OK Zimbabwe Limited, ZSE listed supermarket retailer has opened a new outlet in Glen View, Harare bringing its OK stores to 49 as it continues to consolidate its market share in the retail space, according to the Herald report. The new outlet will serve residents in Glen View and other regions such as…

Zimbabwe poultry sector embarks on restocking after avian influenza

ZIMBABWE - Zimbabwe poultry sector has unveiled an aggressive restocking programme after recovering from the outbreak of the avian influenza that killed one million chicken in South Africa and Zimbabwe. A report by the Livestock and Meat Advisory Council revealed that pre-laying broiler breeder birds increased from 130 000 birds in September last year to…

Grains board urges farmers to ditch middlemen and instead deliver grains to depots

ZIMBABWE - The Grain Marketing Board of Zimbabwe has urged farmers to deliver their grains to the nearest depots instead of using middlemen who have benefited from producer price in the stead of farmers, the Herald has reported. The board said only the parastatal and legal contractors were mandated to buy grain from farmers and…

Agribank secures US$30m in credit to boost the agricultural sector

ZIMBABWE - The Vietnam based agricultural bank, Agribank has secured a US$30 million line of credit from the Industrial Development Corporation of South Africa (IDCSA) to boost the agricultural sector in Zimbabwe. The funding will be used to support agri-based firms including fertiliser and chemical companies; livestock and dairy producers; soya and oil seed producers;…

Seed Co Zimbabwe to raise US$19m to support regional expansion and listings

ZIMBABWE - Seed Co Limited, Zimbabwe based producer and marketer of certified crop seeds is seeking to raise upto US$19.2 million through a partial unbundling to support expansion as well as separate listings of its regional operations. The Herald has reported that Seed Co wants to unbundle 71% of Seed Co International represented by 242…