Categories: Stories

Schweppes Zimbabwe’s Best Fruits unit to set up $10 million plant in Matabeleland

The Schweppes Zimbabwe-controlled Best Fruit Processors will this year process 20 000 tonnes of raw fruit, two thirds of capacity, and will set up a $10 million plant in Matabeleland, officials said yesterday.

The firm, which produces tomato paste and other fruit purees, started operating this year.

“The focus is import substitution for tomato paste and other fruit purees as well as export contribution to increase much needed foreign currency earnings for the country,” general manager, Smart Zongololo  told journalists after a tour of the company’s Norton plant.

Best Fruit is a joint venture between Beit Bridge Juicing (BBJ) a subsidiary of Schweppes Holdings Africa limited, which owns 70 percent of the business, and the Agricultural and Rural Development Authority (ARDA), which holds the remaining 30 percent.

The firm bought the processing facility from previous owners, Zagrinda and invested $3 million and raised capacity to 30 000 tonnes per annum.

“We are able to process 6 000 tonnes of processed fruit and the market can only take a third of what we produce, so the balance is earmarked for export,” Zongololo said. 

The firm has targeted countries in the Southern Africa Development  Community for export, he added.

Chairman Nicholas Ncube said the board had approved a plan to invest $10 million  in setting up a similar facility in Esigodini later in the year.

A total of 3 328 outgrowers in Matabeleland are expected to benefit from the project.

Last year a total of 2 250 farmers participated in the outgrower programme  supplying the Norton facility.

The company is negotiating with local banks for a $2 million facility for the farmers, Zongololo said.- The Source

See also:

If you are Zimbabwean thank Obama before you enjoy your coke

(87 VIEWS)

This post was last modified on March 16, 2017 7:01 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024