Seed Co unbundling 71% in Seed Co International

SEED Co Limited board has proposed to its shareholders to partially unbundle 71% of its Seed Co International Limited shares by way of a pro rata dividend-in-specie distribution as part of a strategy to unlock shareholder value for its continental operations. BY TATIRA ZWINOIRA In a circular published yesterday, Seed …

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Searching for balance in African food ecosystems

While it may not be the mandate of development organisations to build manufacturing industries in developing countries, pouring billions of dollars in agricultural production is not lifting people out of poverty. For every $1 billion invested in agricultural production, another $1 billion should be invested in agro-processing and other value …

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TIDSI hails contract farming

THE Tobacco Industry Development Support Institute (TIDSI) for Southern Africa has hailed contract farming, as it has improved the quality and quantity of tobacco. BY MTHANDAZO NYONI TIDSI executive director Jeffrey Takawira told NewsDay yesterday that there had been a marked improvement in this year’s crop, largely because 85% of …

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Cotton war erupts

Business Reporter Local private cotton firm, ETG Parrogate, last week allegedly took the law in its own hands after it went on a rampage and unpacked Cottco’s bales at buying points in Checheche, Manicaland Province, claiming the crop was wrapped in their woolpacks. This left cotton worth hundreds of thousands …

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Zinwa prepaid water ready by September

Golden Sibanda Senior Business Reporter The Zimbabwe National Water Authority (Zinwa) will introduce prepaid water system for all local authorities by September this year and institute stop order payment arrangements for other bulk water consumers (farmers) in order to rein in problem debtors. Acting chief executive Engineer Taurai Maurukira, told …

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MMCZ pushes locational chrome pricing

Ishemunyoro Chingwere Business Reporter The Minerals Marketing Corporation of Zimbabwe (MMCZ), is pushing for location based pricing mechanism for chrome that will see the mineral going for different prices to encourage buyers’ appetite in less accessible areas. Addressing stakeholders in the chrome mining sector at a stakeholders interface on Monday, …

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‘Shun exporting raw hides, maximise on value addition’

Prosper Ndlovu in LUSAKA, Zambia Zimbabwe and her peers within the Comesa region should stop exporting raw hides and scale up value – addition initiatives in order to benefit from the $130 billion global leather industry, says Mr Nicholas Mudungwe, programme coordinator for the Africa Leather and Leather Products Institute …

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Seed Co to raise $19,2m for regional expansion

Enacy Mapakame Business Reporter Regional seed manufacturer Seed Co Limited seeks to raise $19 million through a partial unbundling, which will also result in separate listings of its regional operations. The seed producer wants to unbundle 71 percent of Seed Co International represented by 242 million ordinary shares. According to …

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Inflation rate quickens to 2,91pc

Enacy Mapakame Business Reporter Zimbabwe’s annual rate of inflation for June gained 0,20 percentage points to 2,91 from 2,71 percent in May, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. “This means that prices as measured by the all items CPI increased by an average of 2,91 percent …

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