September 2021
Agri Machinery distribution/manufacturing – Southouse Zambia
The last 18 months of Covid have been difficult but fortunately have not seriously impacted on the Mkushi business.
However customer demand for new equipment has been extremely poor and the business sustained only on R&M
Fortunately the dams all filled and commodity prices have risen sharply, all of which should ultimately feed into the machinery demand market. We are quietly optimistic.
Northern Zambia, Mungwi Farming Corporation
In late 2019 this project was put on hold pending economic and other considerations, including investment appetite for Zambia. The Environmental Impact Assessment, half completed, was also suspended at the time
In the light of what we now consider to be a more attractive commercial environment we have now re opened the project.
Currently we are seeking both potential investors and a core due dilligence partner.
Ethiopian counter trade business.
Following a difficult start this is now becoming more attractive and all credit needs to be given to our partners in Addis Ababa who have persisted, despite all events. We are now adding beans to the export business there.