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…

Pick n Pay achieves profitability as it looks to open more stores in Zimbabwe

ZIMBABWE - Meikles Limited, Zimbabwe’s hotel, retail and supermarket chain has announced that revenue in supermarkets division, jointly owned with Pick n Pay has increased from US$414 million to US$487.8 million in the year ended March 2018. According to IOL Business report, Pick n Pay is boasting of profitability in its Zimbabwe operations and is…

AB InBev’s Delta records 40% growth in revenue led by higher lager sales

ZIMBABWE - Delta Corp Ltd, Zimbabwe’s integrated beverage company has announced that revenue grew 40% mainly on increased lager beer sales in the first quarter, according to Bloomberg. Lager beer volumes increased 56% compared to the same period in the previous year while volumes for sparkling beverages (soda) rose 23% reflecting sales of drinks like…

Zimbabwe’s milk imports decrease on investments in the sector

ZIMBABWE - Zimbabwe Dairy Industry Trust (ZDIT) has revealed that milk imports in the year 2017 have declined significantly to US$7 million per month compared to US$22 million spend on importing milk and milk products in 2014 per month. This was attributed to numerous investments in the dairy sector both at the farm and processing…

Zimbabwe’s tobacco production hits highest at 207m kilograms in 2018

ZIMBABWE – The production of tobacco in Zimbabwe has hit its highest this year, when it produced 207 million in kilograms, according to Tobacco and Industry Marketing Board. According to AllAfrica, the board also confirmed that tobacco sales went up 29% from 161m kg, and the total crop value of the crop also increased to…

United Refineries adopts food fortification to stay along global trends

ZIMBABWE - United Refineries Ltd, the agro products processor has adopted food fortification as a strategy to keep along the country’s nutrition policy as well as address global trends. The Herald reported that the company which also produces brands in personal care, hygiene and value addition, has already fortified its lead-product, Roil Cooking Oil. This…

Zimbabwe could face a bread shortage again, says grain millers

ZIMBABWE - The Grain Millers Association of Zimbabwe through its spokesperson Garikai Chaunza has announced that the country could in the near future face a bread shortage as it is left with only a week’s supply of wheat. The Association has written to the Reserve Bank of Zimbabwe requesting for more funds for the outstanding…