HARARE: AGRO and mining equipment manufacturing group Zimplow Holdings expects to grow exports by 25 percent and will resume exports to South Sudan, an official has said
Chief executive, Zondi Kumwenda recently told The Source that the company had targetted to increase exports to 40,000 ploughs this year from 32,000 previously.
It will export 25,000 ox-drawn ploughs to Angola by end of June driven by the growth of agriculture in that country and resume sales to Zambia and Namibia to improve earnings in light of declining local market.
“We are planning to export 25,000 ploughs to Angola. Hopefully we would have delivered them by end of June,” said Kumwenda.”We need to export as much as we can to try and bring liquidity back into the business.”
He said to the low demand due to the liquidity challenges in the local economy, the group’s primary goal for this year was “survival.”
