CSC sinks in $22 million debt

BULAWAY0, October 9 (The Source) – State-owned meat processor Cold Storage Company (CSC) is saddled with a $22 million debt and owes workers $2,1 million in outstanding salaries, chief executive officer Ngoni Chinogaramombe said on Wednesday. Chinogaramombe told the two deputy ministers of agriculture, Paddy… Read More

Sable seeks $12 million capital injection

KWEKWE, October 7 (The Source) – Nitrogenous fertilizer manufacturer Sable Industries is seeking $12 million in new capital to boost its production capacity, the company’s chief executive officer said on Monday. Sable is Zimbabwe’s sole manufacturer of ammonium nitrate (AN) but is currently operating at… Read More

Tobacco insurance premiums drop

HARARE, September 27 (The Source) – Insurance companies have registered a decline in tobacco premiums with farmers remitting $1.9 million in the 2012/13 season, down from $5.9 million remitted in 2011, a regulatory official has said. Speaking at a tobacco industry seminar, Insurance and Pensions… Read More

Fertiliser shortage looms

By Chipo Musoko, HARARE, September 19 (The Source) – Zimbabwe faces a 200,000 tonnes fertiliser shortfall for the summer cropping season, with firms only managing to produce a third of total requirements due to liquidity constraints, an industry player has said. Zimbabwe Fertiliser Company (ZFC)… Read More