Zimbabwe’s poultry sector recorded 19% decline in output in first quarter

ZIMBABWE – The poultry industry in Zimbabwe recorded a 19% decline in output during the first quarter of the year attributed to a decline in demand and supply in the sector. Zimbabwe Poultry Association (ZPA) chairperson, Solomon Zawe, said that during the period under review, the sector witnessed high cost of feeds forecasting similar conditions…

Cold Storage Company enters into a US$130m joint venture with UK’s Boulstead Beef

ZIMBABWE – Zimbabwe’s cabinet has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor inject US$130 million into the meat processing firm. Monica Mutsvangwa, Information, Publicity and Broadcasting Services Minister, revealed that the agreement will also enable the meat processor…

Delta Corporation increases shareholding in African Distillers to 50.1%

ZIMBABWE – Delta Corporation Limited, a leading beverages producer in Zimbabwe, has increased its shareholding in wine and spirits firm, Africa Distillers Limited (Afdis) to 50.1% as the majority shareholder. Before the additional share accumulation, Delta held 8.29% in direct shareholding in Afdis while Afdis Holdings private limited held the largest shareholding in Afdis at…

Nespresso to invest US$9.8m in new strategy to revive coffee industry

USA – Nespresso has announced that it is investing US$9.8 million (CHF 10 million) in a new strategy to revive the coffee industries in selected countries across the globe. The company has launched the Reviving Origins programme geared at restoring coffee farming in regions where it is under threat, as well as foster rural economic…

Zimbabwe’s Delta Corporation cuts soft drinks prices to bolster growth

ZIMBABWE – Delta Corporation Limited, a beverage manufacture in Zimbabwe, has announced a reduction in prices of its soft drinks in a bid to stimulate sales volumes. According to a Herald report, the company’s secretary, Alex Makamure, noted that the firm reached the decision after recording decline in demand for the products due to the…

Zimbabwe’s Go Beer Company unbundled into three strategic business units

ZIMBABWE - The Go Beer Company in Zimbabwe has been unbundled into three strategic business units in a bid to revive farming and manufacturing activities in the beer concern improve financial performance of the firm. Go Beer will now operate under three units; Go Beer Farming (Pvt) Limited, Progress Properties (Pvt) Limited and Progress Manufacturing…

Zimbabwe partners JICA in horticulture project to boost production

ZIMBABWE - The government of Zimbabwe has launched the Zimbabwe Smallholder Horticulture Empowerment and Promotion project (ZIM-SHEP) which is expected to boost production in the sector. According to a Herald report, the project will be sponsored by Japan International Cooperation Agency (JICA) and will be implemented in eight provinces over the next five years. ZIM-SHEP…

Zimbabwe’s Simbisa brands opens new Nando’s branch in expansion drive

ZIMBABWE - Simbisa Brands Limited, Zimbabwe’s largest fast-food group, has opened a new branch under its Nando’s brand in Zimbabwe as it continues to pursue its US$10m expansion strategy. Located in Fife Avenue Shopping Centre in Zimbabwe’s capital and most populous city, Harare, the new branch is part of the company’s ambitions to dominate the…

Zimbabwe’s CFI holdings gets US$33m to revamp food processing divisions

ZIMBABWE - CFI Holdings, a diversified investment company in Zimbabwe, has received US$33 million working capital to revamp its food processing divisions; Agrifoods and Victoria Foods. The capital injection from Dominion Trading will also allow the food processing giant to undertake a scheme of arrangement that will allow the firm to revitalise and be fully…

Zimbabwe’s government unveils wheat production strategy to reduce import bills

ZIMBABWE – The government of Zimbabwe has unveiled plans of engaging more producers in contract wheat farming in a move that seeks to increasing local production aimed at cushioning the country form hefty wheat import bill. According to Mr Cephas Mlambo, Manicaland Agritex Livestock and Crops officer the “government is in the process of registering…