Cobb expands its footprint in Africa with new Irvine’s JV
Cobb seeks to expand in Africa with a new joint venture with the Irvine’s Group. The Irvine’s Group, are Cobb’s oldest distributor and have been producing and selling Cobb products in Africa for over...
TIMB sees 15% drop in tobacco volume to 220m kgs; 30% sales decentralised
Farai Mabeza
HARARE – Zimbabwe expects that 30 percent of all tobacco sales will be done outside Harare after Government gazetted a statutory instrument authorising the setting up of decentralised tobacco auction sites in the...
Agriculture anchors Meikles’ Q3 earnings as exports trail
Tapiwanashe Mangwiro
Harare – Meikles Limited recorded impressive performances in the agriculture segment for the third quarter ended 31 December 2020, with bulk tea production volumes scaling up 41% in the quarter and 6% year...
IFC and Nespresso partner to support coffee farmers in Zimbabwe, Uganda
The International Finance Corporation and Nespresso on Thursday announced a new partnership to promote more sustainable, resilient, and inclusive livelihoods for coffee-growing communities in Africa while preserving some of the world's rarest coffee varieties.
The...
Tobacco prices 12% firmer in 2021 compared to last year
Staff Writer
Tobacco prices during the 2021 marketing season firmed by 12 percent compared to last year with at least 200 tonnes being sold this year.
This was revealed by Information, Publicity and Broadcasting Services Minister...
Tobacco deliveries slower than expected: TIMB
Farai Mabeza
Tobacco deliveries are slower than expected because farmers are not happy with the fixed exchange rate of 1:25 under which they are required to surrender 50 percent of their foreign currency earnings, it...
CFI pushing for Vic Foods JM exit as Q3 revenue rises 88%
HARARE - An increase in demand particularly bolstered by the good summer and tobacco seasons, saw CFI Holdings report an 88% increase in revenue in the third quarter to June 30, 2021.
Of that revenue,...
Zimtrade to sign horticulture agreement with Agro-Marketing Trade Authority of Namibia
Almot Maqolo
HARARE – Trade promotional body, Zimtrade says it is in the process of finalising a Memorandum of Understanding with Agro-Marketing Trade Authority of Namibia (AMTA) that will result in improvement of trade in...
Government wheat scheme propels SeedCo Q3 sales volume
HARARE - ZSE-listed seed producer, SeedCo limited recorded substantial growth in sales volumes during the nine months to December and Q3-23 thanks to government's wheat program which resulted in the group realizing record local...
Parly Summons Masuka & Mthuli Over Late Wheat Payments
Parliament has summoned Minister of Lands, Agriculture, Water and Rural Resettlement Dr Anxious Jongwe Masuka and Minister of Finance and Economic Development Prof Mthuli Ncube to come up with a ministerial statement over the delay in payment of wheat farmers
Rising on a matter...
