Zimbabwean government approves US$51m agriculture mechanization deal

ZIMBABWE – The government of Zimbabwe has approved a US$51 million farm equipment deal with John Deere for the supply of agricultural mechanisation equipment, to boost the Farm Mechanisation Programme. The loan arrangement will be […]

GMAZ, Goldstone International ink wheat supply and funding deal

ZIMBABWE – The Grain Millers Association of Zimbabwe (GMAZ) has secured a new continuous grain supply and funding deal with a South African based trade financier, Goldstone International. The initial deal is expected to see […]

Stock exchange suspends Tongaat Hullet’s Zimbabwe unit

ZIMBABWE – The Zimbabwe Stock Exchange (ZSE) has suspended Tongaat Hullet Zimbabwe’s subsidiary, Hippo Valley Estates Limited, from trading its shares on the local bourse. According to the stock exchange, the follows the sugar giant’s […]

Zimbabwe sugar exports to grow by 21% on increased production

ZIMBABWE – Zimbabwe projects sugar exports in 2019 to increase by 21% to 145 000 tonnes up from 120 000 tonnes exported last year on the back of increased production and large carryover stocks. The […]

Nampak Zimbabwe reports growth amid unfavourable investment environment

ZIMBABWE – Paper and packaging giant, Nampak Zimbabwe says its capital expenditure projects remain curtailed after it suspended all credit extensions and capital injection by the major shareholder, reports the Chronicle. In a trading update […]

Zimbabwe’s agric research council partners ACFD to enhance food security

ZIMBABWE – The Agriculture Research Council of Zimbabwe (ARCZ) has joined forces with the African Centre for Fertiliser Development (ACFD) and the Frontline Institute to enhance food security in the country. The trio have signed […]

Economic hardships swing South Africa’s Distell into US$52.15m write downs

SOUTH AFRICA – Distell, a South African based beverage manufacturer, has said that economic challenges in Angola and Zimbabwe have pushed the company into combined write-downs of US$ 52.15 million (R790.1m). The maker of Amarula, […]

OK Zimbabwe reports 167% growth in sales despite economic hardships

ZIMBABWE – Zimbabwe’s largest retail group, OK Zimbabwe, reported a 167% increase in sales to $398.9 million during its three months period ending June 30, 2019 amid economic challenges experienced during the period. The retailer […]

Zimbabwe’s Silo Foods Industries bids higher for grains to boost stocks

ZIMBABWE – Silo Foods Industries, a state owned agro processing company, says it will now be buying maize and small grain from farmers at RTGS$2 100 per tonne, higher than RTGS$1 400 gazetted by the […]

Delta Corporation reports subdued performance as lager sales slip 57%

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer, reported a decline in its performance for the first quarter ended 30 June 2019 on the back of declining sales. The company saw its lager beer volumes […]