To ease your site search, article categories are at bottom of page.

August 10, 2011

Zimbabwe seed company expects 25% higher sales this year

by Godfrey Marawanyika

Seed Co (SEEDCO) Ltd., a Zimbabwean company with operations in several African countries, expects revenue to increase 25 percent this year, said Chief Executive Officer Morgan Nzwere.

Profit for the year through March 2012 will probably “grow exponentially,” Nzwere said at the company’s annual general meeting in the capital, Harare, today. Net income advanced 30 percent last year to $17.4 million.

Sales will probably increase because of rising prices for corn, soya and cotton, Nzwere said. Cotton sales are expected to increase 5 percent this, increasing its contribution to overall sales to 20 percent this year, he said. Malawi may boost seed imports by 87 percent to 2,500 metric tons, he said.

“In Malawi, we expect demand to come from the government and non-governmental organizations,” Nzwere said.

Seed Co, which operates in countries including Swaziland, Kenya and Zambia, develops and sells corn, soya, wheat, barley, groundnut and sorghum seeds. The Harare-based company controls Aico Africa Ltd. (AICO), southern Africa’s biggest cotton seed supplier.


Article Categories

AGRA agribusiness agrochemicals agroforestry aid Algeria aloe vera Angola aquaculture banana barley beans beef bees Benin biodiesel biodiversity biof biofuel biosafety biotechnology Botswana Brazil Burkina Faso Burundi CAADP Cameroon capacity building cashew cassava cattle Central African Republic cereals certification CGIAR Chad China CIMMYT climate change cocoa coffee COMESA commercial farming Congo Republic conservation agriculture cotton cow pea dairy desertification development disease diversification DRCongo drought ECOWAS Egypt Equatorial Guinea Ethiopia EU EUREPGAP events/meetings expo exports fa fair trade FAO fertilizer finance fisheries floods flowers food security fruit Gabon Gambia gender issues Ghana GM crops grain green revolution groundnuts Guinea Bissau Guinea Conakry HIV/AIDS honey hoodia horticulture hydroponics ICIPE ICRAF ICRISAT IFAD IITA imports India infrastructure innovation inputs investment irrigation Ivory Coast jatropha kenaf keny Kenya khat land deals land management land reform Lesotho Liberia Libya livestock macadamia Madagascar maiz maize Malawi Mali mango marijuana markets Mauritania Mauritius mechanization millet Morocco Mozambique mushroom Namibia NEPAD Niger Nigeria organic agriculture palm oil pastoralism pea pest control pesticides pineapple plantain policy issues potato poultry processing productivity Project pyrethrum rai rain reforestation research rice rivers rubber Rwanda SADC Sao Tome and Principe seed seeds Senegal sesame Seychelles shea butter Sierra Leone sisal soil erosion soil fertility Somalia sorghum South Africa South Sudan Southern Africa spices standards subsidies Sudan sugar sugar cane sustainable farming Swaziland sweet potato Tanzania tariffs tea tef tobacco Togo tomato trade training Tunisia Uganda UNCTAD urban farming value addition value-addition vanilla vegetables water management weeds West Africa wheat World Bank WTO yam Zambia Zanzibar zero tillage Zimbabwe

  © 2007 Africa News Network design by

Back to TOP