Tag: Zimbabwe

USAID supports Zambian agribusiness enterprises, Zimbabwe formulates animal health regulations in partnership with FAO

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SOUTHERN AFRICA – Zambia has received an additional US$3.9m support from the United States Agency for International Development (USAID), to support small and medium sized agribusiness enterprises. In the two months since Zambia’s August 12 presidential election, USAID has programmed approximately US$30 million in new U.S. Government funding for the Zambian people. The additional funds will help grow small and medium enterprises, particularly those that are women-led, with a focus on strengthening job creation and revenue growth. Meanwhile, key stakeholders in the Zimbabwe livestock sector from both the public and…

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Varun Beverages Zimbabwe rumps up production with launch of new US$12m production line

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ZIMBABWE – Varun Beverages Zimbabwe (Pvt) Limited, the franchise bottler of PepsiCo in Zimbabwe, has commissioned a new US$12m water bottling line, with a production capacity of 15 million bottles per month. The new 400 bottle per minute line is part of the third phase of the company’s expansion project, which will bring total production capacity to 66 million bottles of sparkling beverages, cans and bottled water per month, reports The Herald. Varun Beverages Zimbabwe officially commissioned its first plant in the Southern African country in February 2018 with an…

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Innscor Africa records 35% rise in full year revenue following impressive volume growth across all business segments

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ZIMBABWE – Innscor Africa Limited, an expansive manufacturing and retail conglomerate in Zimbabwe, has registered a 41% decline in full year profit earnings to ZWL 4.397 billion despite a 35% increase in revenue. During the period, the diversified group has attained a revenue of ZWL 66.9 billion, achieved on the back of volume growth across all businesses, coupled with the introduction of new products, increased capacity utilisation in existing and new categories, access to a growing informal market and a market-sensitive pricing strategy all aligned to provide a pleasing result.…

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Zimbabwe’s largest poultry company Irvine opens one stop shop

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ZIMBABWE – Innscor Africa’s poultry segment, Irvine has opened a one-stop farm-fresh shop designed to cater for the growing demand for poultry products in Zimbabwe. The farm-fresh walk-in shop, located at the Derbyshire Farm in Waterfalls, will cater for a cross section of customers; wholesalers to individuals who want to buy for household consumption. Before the opening of the one-stop-shop, Irvine’s ran a small stall, but a surge in demand for the company’s products saw the kiosk being overwhelmed by swelling demand for poultry products. “This is a one-stop farm…

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Simbisa Brands showcases stellar performance on back of efficiency strategies, eyes more growth

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ZIMBABWE – Simbisa Brands, one of Africa’s leading Quick Service Restaurant group, nearly doubled its full year revenue for the period ended June 2021 to ZWL$18.8 billion (US$51.9m) from ZWL$9 billion (US$29.86m) reported in the prior comparative period. The 108% rise in top-line performance was driven by increased sales through delivery channels, growth of customer counts alongside higher average spend rate. This is despite the fast-food chain operator trading at 70% capacity on counter trading hours due to the Covid-19 related mandatory restriction. Furthermore, aggressive cost-saving measures initiated in response…

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Cold chain solutions provider InspiraFarms opens SADC regional hub in Zimbabwe

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ZIMBABWE – InspiraFarms, a provider of on- and off-grid cold storage solutions is continuing with its expansion strategy across Africa, establishing a regional office representation for Southern Africa, based in Harare, Zimbabwe. InspiraFarms’ team designs first-mile, on-farm pre-cooling cold chain and food handling solutions, which are made up of the best European technologies. Zimbabwe has become a key market for InspiraFarms, with the Zimbabwean horticultural sector growing rapidly in response to the increasing demand for fresh fruit and vegetables in the European Union (EU), UK, Middle East, Far East and…

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Zimbabwe’s largest dairy processor Dairibord to launch US$1.5m processing facility

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ZIMBABWE – Zimbabwean milk processor, Dairibord Holdings, is set to commission a new US$1.5 million manufacturing plant. The facility which is nearing completion will produce ice cream and yoghurt as part of its expansion plan. According to reports by The Herald, the Zimbabwe Stock Exchange (ZSE) listed company, has not had a functional food manufacturing plant since it took the decision to decommission an old plant, to replace it with a new and more efficient one, as part of its renewed expansion drive. The latest initiative comes hot on the…

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Dairibord reports 54.5% rise in interim sales volumes triggering jump in revenue to US$11.6m

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ZIMBABWE – Zimbabwe’s leading dairy processor, Dairibord Zimbabwe Limited (DZL), has show-cased a stellar performance in the first half year period ended June 2021, reporting a 65% rise in revenue to ZW$4.2 billion (US$11.6m) from ZW$2.5 billion (US$6.9m) registered in the corresponding previous year. The solid top line performance was a result of the 54.5% increase in sales volumes and moderate price adjustments to minimise margin compression. According to the company, demand was firm across all product categories, with sales volumes for the period being 54.5% above prior year, the…

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Simbisa Brands gets nearer to customers in home market with launch of new outlet

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ZIMBABWE – Simbisa Brands, Zimbabwe’s largest fast-food restaurant operator has opened a new branch in Redcliff town in the Midlands province of Zimbabwe, as part of a business expansion drive. The new outlet housing the company’s three brands, Chicken Inn, Pizza Inn and Baker’s Inn, is part of its expansion programme, which seeks to see the company opening more branches across the country by year end. “Today Simbisa Holdings operates more than 230 stores across the country. Simbisa Holdings is growing and is scheduled to open more stores before year…

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Merger talks between Zimbabwe’s largest dairy processors Dairibord, Dendairy collapse

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ZIMBABWE – A multi-million-dollar historic merger between Zimbabwe’s largest and second largest milk processor by market share, Dairibord Holdings Limited and Dendairy, has been kicked to the curb. The planned transaction, according to NewsDay was first announced in July 2020 with DHL seeking to leverage on Dendairy’s strategic investments into production of dairy products and its access to the regional market. According to reports, in 2018, Dendairy started a project to expand operations at its Kwekwe plant, which would have seen the firm adding three new packaging lines to increase…

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