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 […]

Zimbabwe teams up with FAO on bio-fortification initiative to enhance food security

ZIMBABWE – The Ministry of Agriculture in Zimbabwe in collaboration with the United Nations Food and Agriculture Organisation (FAO) will host a bio-fortification awareness forum aimed at promoting nutrition sensitive agriculture. Running under the theme […]

Zimbabwe’s Meikles posts solid performance as revenues grow 50.8%

ZIMBABWE – Meikles Limited, operators of TM Pick n Pay retail outlets in Zimbabwe, reported posted financial positives across all segments for the year ended March 31, 2019 as revenues grew 50.8% to US$791.6 million […]

Simbisa Brands opens additional branch in Zimbabwe

ZIMBABWE – Simbisa Brands, Zimbabwe’s leading fast foods chain operator, has opened a second outlet in Kwekwe, central Zimbabwe. The branch, according to the group’s managing director, Mr Warren Mears, will run Simbisa’s Chicken Inn […]

Surface Wilmar to support soya bean out grower schemes in Zimbabwe

ZIMBABWE – Surface Wilmar, one of Zimbabwe’s leading edible oil manufacturers, has said that it has the capacity to finance local soya bean out-grower schemes to bolster production. Wilmar seeks to increase soybean production capacity […]