Nomura Singapore increases stake in multibagger stock Mishtann Foods to 1.28% as company plans to expand FMCG portfolio | Mint – Mint
Nomura Singapore has increased its stake in Mishtann Foods which is a leading player in the FMCG sector. According to an exchange filing by Mishtann Foods, Nomura Singapore has increased its stake to 1.28 per cent (1,28,25,854 shares).
Mishtann Foods is primarily focused on various types of Basmati rice. It also has a sizeable presence in wheat, pulses and spices segment.
The company has announced that it is also looking to introduce new products in domestic markets. The new products include free flow iodized salt, crystal salt and rock salt. Besides, the company has also ventured into new markets like North Eastern part of the country.
The management expects its top line to rise with these positive actions. Earlier, the company had announced that it had incorporated a wholly owned subsidiary company named ‘Grow and Grub Nutrients FZ – LLC’ in UAE to focus on international trade with increased exposure in various untapped markets in its growth journey across geographical boundaries.
Further, the company is looking to take advantage of the increased demand for Rice across Middle East and Africa. The subsidiary aims to penetrate the markets of Africa on addition to its existing market.
Mishtann Foods’ 100,000 metric tonne per annum rice processing facility is located near Ahmedabad. The company claims that all of its products are grown using environmentally friendly farming practices and carefully processed and packaged to preserve their freshness and nutritional value.
Mishtann Foods shares have beenon a downtrend for the past one year, declining 36 per cent. In a two-year period, the stock has delivered multibagger return of 233 per cent. The company has a market cap of ₹738 crore.
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Agriculture
Zim takes investment opportunities to Türkiye indaba – The Herald
Africa Moyo Deputy News Editor
Zimbabwe’s investment opportunities will take centre-stage during the 4th Türkiye-Africa Business Forum where Foreign Affairs and International Trade Minister Ambassador Frederick Shava is expected to lead the country’s delegation.
The economic business forum is set for Thursday and Friday next week at the Istanbul Congress Center in Istanbul.
In an interview yesterday, Zimbabwe’s Ambassador to Türkiye, Alfred Mutiwazuka, confirmed Harare’s participation.
He said Zimbabwe’s delegation will comprise officials from ZimTrade, the Confederation of Zimbabwe Industries (CZI), Government institutions and private sector companies.
“In line with Zimbabwe`s engagement and re-engagement drive, Minister Shava will have a meeting with Professor Dr Omer Bolat, Minister of Trade of the Republic of Türkiye to discuss among other issues: the Trade and Economic Cooperation Agreement signed in 2018 and ratified by Türkiye in February 2022 and implementation of the Agreement to Establish the Türkiye-Zimbabwe Business Council signed in 2016 by the CZI and Türkiye’s Foreign Economic Relations Board,” said Ambassador Mutiwazuka.
“The Minister will engage players in the agriculture, manufacturing, mining, transport and infrastructure sectors with a view to inviting them to invest in Zimbabwe.”
Ambassador Shava is also expected to participate in a panel on “Türkiye and Opportunities under the AfCFTA”, a topic that the Turkish authorities have shown great interest in, as they advance Türkiye-Africa cooperation.
Some members of the Zimbabwe delegation will participate in other panel meetings on digital transformation, health technologies, sustainability of value chains in the agro-industries and manufacturing sectors, women entrepreneurship, free zones, the AfCFTA, financing of trade and investments and banking during the two-day conference.
Ambassador Mutiwazuka said the Türkiye-Africa Economic Business Forum offers mutual benefits to both Africa and Türkiye, through increased economic cooperation.
“The Forum demonstrates the emerging role of African countries as dynamic players in the global business arena. African countries and Zimbabwe, in particular, benefit from the increasing economic development of Türkiye economic cooperation hinged on the ‘win-win’ principle,” he said.
Africa benefits from this forum in various ways including facilitating increased trade and investment between Africa and Türkiye by promoting economic relations and encouraging Turkish businesses to invest on the continent.
Increased investments are expected to lead to job creation, infrastructure development, and increased revenue for African nations.
African countries are also expected to benefit from infrastructure development since Türkiye has expertise in infrastructure projects such as construction, transportation, and energy.
Through the forum, Africa can benefit from Turkish investments and technologies, which address crucial infrastructure gaps in many African countries.
Türkiye also has experience in the manufacturing and industrial sectors, which can be shared with African nations to enhance their own industrialisation efforts.
President Mnangagwa has reiterated that Zimbabwe is on an unrestrained path to industrialisation and modernisation, and the country is expected to benefit from its participation in the business forum.
It is expected that collaboration with Türkiye in the manufacturing and industrial sectors can help Africa develop local industries, reduce import dependency, and create employment opportunities.
With many countries experiencing food shortages, it is expected that through participation in the business forum, African countries will benefit Türkiye’s advanced agricultural technologies — machinery and implements — and knowledge that help to improve productivity, increase food security, and enhance agricultural value chains.
This knowledge transfer can contribute to sustainable agricultural development in Africa.
The Türkiye -Africa Economic Business Forum also promotes tourism and cultural exchanges and investment in the tourism industry, thereby creating employment opportunities, and fostering cultural understanding.
African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Ambassador Albert Muchanga has said this year’s Türkiye-Africa Economic and Business Forum convenes against the background of global challenges of climate change and its adverse impact of heat waves, flooding and drought, inflation, geopolitical tensions, food and energy insecurity as well as the lingering Covid-19 pandemic is some parts of the world.
But he said while this is a period of multiple challenges, it is also a period of opportunity and hope, and the “key lever is cooperation because it is a vital instrument in meeting the world’s complex challenges which no country or region can solve on its own”.
“The Türkiye-Africa Economic and Business Forum is a strategic lever in this regard,” said Ambassador Muchanga.
Africa Moyo Deputy News Editor
Zimbabwe’s investment opportunities will take centre-stage during the 4th Türkiye-Africa Business Forum where Foreign Affairs and International Trade Minister Ambassador Frederick Shava is expected to lead the country’s delegation.
The economic business forum is set for Thursday and Friday next week at the Istanbul Congress Center in Istanbul.
In an interview yesterday, Zimbabwe’s Ambassador to Türkiye, Alfred Mutiwazuka, confirmed Harare’s participation.
He said Zimbabwe’s delegation will comprise officials from ZimTrade, the Confederation of Zimbabwe Industries (CZI), Government institutions and private sector companies.
“In line with Zimbabwe`s engagement and re-engagement drive, Minister Shava will have a meeting with Professor Dr Omer Bolat, Minister of Trade of the Republic of Türkiye to discuss among other issues: the Trade and Economic Cooperation Agreement signed in 2018 and ratified by Türkiye in February 2022 and implementation of the Agreement to Establish the Türkiye-Zimbabwe Business Council signed in 2016 by the CZI and Türkiye’s Foreign Economic Relations Board,” said Ambassador Mutiwazuka.
“The Minister will engage players in the agriculture, manufacturing, mining, transport and infrastructure sectors with a view to inviting them to invest in Zimbabwe.”
Ambassador Shava is also expected to participate in a panel on “Türkiye and Opportunities under the AfCFTA”, a topic that the Turkish authorities have shown great interest in, as they advance Türkiye-Africa cooperation.
Some members of the Zimbabwe delegation will participate in other panel meetings on digital transformation, health technologies, sustainability of value chains in the agro-industries and manufacturing sectors, women entrepreneurship, free zones, the AfCFTA, financing of trade and investments and banking during the two-day conference.
Ambassador Mutiwazuka said the Türkiye-Africa Economic Business Forum offers mutual benefits to both Africa and Türkiye, through increased economic cooperation.
“The Forum demonstrates the emerging role of African countries as dynamic players in the global business arena. African countries and Zimbabwe, in particular, benefit from the increasing economic development of Türkiye economic cooperation hinged on the ‘win-win’ principle,” he said.
Africa benefits from this forum in various ways including facilitating increased trade and investment between Africa and Türkiye by promoting economic relations and encouraging Turkish businesses to invest on the continent.
Increased investments are expected to lead to job creation, infrastructure development, and increased revenue for African nations.
African countries are also expected to benefit from infrastructure development since Türkiye has expertise in infrastructure projects such as construction, transportation, and energy.
Through the forum, Africa can benefit from Turkish investments and technologies, which address crucial infrastructure gaps in many African countries.
Türkiye also has experience in the manufacturing and industrial sectors, which can be shared with African nations to enhance their own industrialisation efforts.
President Mnangagwa has reiterated that Zimbabwe is on an unrestrained path to industrialisation and modernisation, and the country is expected to benefit from its participation in the business forum.
It is expected that collaboration with Türkiye in the manufacturing and industrial sectors can help Africa develop local industries, reduce import dependency, and create employment opportunities.
With many countries experiencing food shortages, it is expected that through participation in the business forum, African countries will benefit Türkiye’s advanced agricultural technologies — machinery and implements — and knowledge that help to improve productivity, increase food security, and enhance agricultural value chains.
This knowledge transfer can contribute to sustainable agricultural development in Africa.
The Türkiye -Africa Economic Business Forum also promotes tourism and cultural exchanges and investment in the tourism industry, thereby creating employment opportunities, and fostering cultural understanding.
African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Ambassador Albert Muchanga has said this year’s Türkiye-Africa Economic and Business Forum convenes against the background of global challenges of climate change and its adverse impact of heat waves, flooding and drought, inflation, geopolitical tensions, food and energy insecurity as well as the lingering Covid-19 pandemic is some parts of the world.
But he said while this is a period of multiple challenges, it is also a period of opportunity and hope, and the “key lever is cooperation because it is a vital instrument in meeting the world’s complex challenges which no country or region can solve on its own”.
“The Türkiye-Africa Economic and Business Forum is a strategic lever in this regard,” said Ambassador Muchanga.
Agriculture
Zim takes investment opportunities to Türkiye indaba – The Herald
Africa Moyo Deputy News Editor
Zimbabwe’s investment opportunities will take centre-stage during the 4th Türkiye-Africa Business Forum where Foreign Affairs and International Trade Minister Ambassador Frederick Shava is expected to lead the country’s delegation.
The economic business forum is set for Thursday and Friday next week at the Istanbul Congress Center in Istanbul.
In an interview yesterday, Zimbabwe’s Ambassador to Türkiye, Alfred Mutiwazuka, confirmed Harare’s participation.
He said Zimbabwe’s delegation will comprise officials from ZimTrade, the Confederation of Zimbabwe Industries (CZI), Government institutions and private sector companies.
“In line with Zimbabwe`s engagement and re-engagement drive, Minister Shava will have a meeting with Professor Dr Omer Bolat, Minister of Trade of the Republic of Türkiye to discuss among other issues: the Trade and Economic Cooperation Agreement signed in 2018 and ratified by Türkiye in February 2022 and implementation of the Agreement to Establish the Türkiye-Zimbabwe Business Council signed in 2016 by the CZI and Türkiye’s Foreign Economic Relations Board,” said Ambassador Mutiwazuka.
“The Minister will engage players in the agriculture, manufacturing, mining, transport and infrastructure sectors with a view to inviting them to invest in Zimbabwe.”
Ambassador Shava is also expected to participate in a panel on “Türkiye and Opportunities under the AfCFTA”, a topic that the Turkish authorities have shown great interest in, as they advance Türkiye-Africa cooperation.
Some members of the Zimbabwe delegation will participate in other panel meetings on digital transformation, health technologies, sustainability of value chains in the agro-industries and manufacturing sectors, women entrepreneurship, free zones, the AfCFTA, financing of trade and investments and banking during the two-day conference.
Ambassador Mutiwazuka said the Türkiye-Africa Economic Business Forum offers mutual benefits to both Africa and Türkiye, through increased economic cooperation.
“The Forum demonstrates the emerging role of African countries as dynamic players in the global business arena. African countries and Zimbabwe, in particular, benefit from the increasing economic development of Türkiye economic cooperation hinged on the ‘win-win’ principle,” he said.
Africa benefits from this forum in various ways including facilitating increased trade and investment between Africa and Türkiye by promoting economic relations and encouraging Turkish businesses to invest on the continent.
Increased investments are expected to lead to job creation, infrastructure development, and increased revenue for African nations.
African countries are also expected to benefit from infrastructure development since Türkiye has expertise in infrastructure projects such as construction, transportation, and energy.
Through the forum, Africa can benefit from Turkish investments and technologies, which address crucial infrastructure gaps in many African countries.
Türkiye also has experience in the manufacturing and industrial sectors, which can be shared with African nations to enhance their own industrialisation efforts.
President Mnangagwa has reiterated that Zimbabwe is on an unrestrained path to industrialisation and modernisation, and the country is expected to benefit from its participation in the business forum.
It is expected that collaboration with Türkiye in the manufacturing and industrial sectors can help Africa develop local industries, reduce import dependency, and create employment opportunities.
With many countries experiencing food shortages, it is expected that through participation in the business forum, African countries will benefit Türkiye’s advanced agricultural technologies — machinery and implements — and knowledge that help to improve productivity, increase food security, and enhance agricultural value chains.
This knowledge transfer can contribute to sustainable agricultural development in Africa.
The Türkiye -Africa Economic Business Forum also promotes tourism and cultural exchanges and investment in the tourism industry, thereby creating employment opportunities, and fostering cultural understanding.
African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Ambassador Albert Muchanga has said this year’s Türkiye-Africa Economic and Business Forum convenes against the background of global challenges of climate change and its adverse impact of heat waves, flooding and drought, inflation, geopolitical tensions, food and energy insecurity as well as the lingering Covid-19 pandemic is some parts of the world.
But he said while this is a period of multiple challenges, it is also a period of opportunity and hope, and the “key lever is cooperation because it is a vital instrument in meeting the world’s complex challenges which no country or region can solve on its own”.
“The Türkiye-Africa Economic and Business Forum is a strategic lever in this regard,” said Ambassador Muchanga.
Southern Africa
Farmers urged to intensify fodder production and meet demand – The Herald
Farmers urged to intensify fodder production and meet demand
Filda Gwati and Ashton Mutyavaviri
WITH demand for livestock feed projected to soar in the wake of the forecast El Nino weather phenomenon that will most likely devastate pastures, farmers across the country need to intensify fodder production to curtail the subsequent shortages of quality animal feed, enhance livestock health and boost overall agricultural output.
Livestock Farmers Union chairperson Mr Sifiso Sibanda yesterday told this publication that farmers must intensify fodder production to address the shortage of quality feeds and enhance livestock health.
“We now have farmers who are into fodder production so they just need to intensify their activities,” he said.
Mr Sibanda said in Region 5, which receives little rainfall, farmers are doing the fodder production to increase their feed options in case of droughts.
“In Beitbridge, for example, fodder producing farmers are drilling boreholes to sustain their fodder projects given that the water table in most parts in high as we move towards Limpopo. Farmers are drilling as little as 10 metres to hit the water table and start drawing water,” said Mr Sibanda.
Fodder, which primarily consists of grasses, legumes, and other crops, serves as a vital source of nutrition for livestock, including cattle, goats, and sheep, he said.
Insufficient access to high-quality fodder has been a persistent challenge for Zimbabwean farmers, resulting in reduced productivity, malnutrition, and economic losses within the livestock sector.
Added Mr Sibanda: “The intensified fodder production drive is expected to have a cascading positive effect on the livestock sector, leading to improved animal health, increased milk and meat production and enhanced farmer incomes. It will also contribute to food security by reducing the country’s reliance on imported animal feeds.”
Recognising the importance of fodder in ensuring the well-being of livestock and the subsequent impact on the national economy, Government launched the on-farm forage improvement programme (OFFIP) to climate-proof the livestock sub-sector.
Under this initiative, farmers are being encouraged to adopt modern farming techniques, such as improved pasture management, conservation agriculture, and the utilisation of drought-resistant crop varieties.
Lands, Agriculture, Fisheries, Water and Rural Development permanent secretary Dr John Basera recently revealed that farmers were provided with velvet bean seeds and labula bean seeds for planting to sustain their livestock during periods of drought.
Extension services and training programmes are being rolled out to equip farmers with the necessary knowledge and skills to implement these practices effectively, said Dr Basera.
“Local agricultural research institutions are playing a pivotal role in the initiative by developing and disseminating improved fodder varieties that are well-suited to Zimbabwe’s agro-ecological conditions. These varieties exhibit enhanced drought tolerance, disease resistance and high nutritional value, thereby contributing to increased livestock productivity,” he explained.
Stand Out From The Crowd - A Marketing Tip By ZimMarket
Stand Out From The Crowd
If you happen to be in business and you are not well conversant with the 4 P’s of Marketing, then you are likely to dismally fail, sooner rather than later. In modern day business, the 4 P’s are the traditional and universal cornerstones of Marketing, which are inextricably interrelated. In Marketing, for anything you are selling to be highly competitive, in any given market, it must be, the right Product or service, being offered at the right Place, selling at the right Price, using the right Promotional Marketing Mix. In this marketing tip, I am briefly going to solely dwell on the Promotion aspect, which is an equally significant component of the 4 P’s of the Marketing Mix When you offer products on the market, you must ensure that you adequately educate your potential, as well as your target market, so that your products will become very intimately known and easily identifiable by your customers, from a myriad of other competing products and services on sale. It goes without saying, that this is why your product must “Stand Out From The Crowd”, for your business to remain relevant, lest it will be driven into oblivion. In today's cut-throat marketing competition, you may only achieve to “Stand Out From The Crowd” through an objective, deliberate, persistent, and aggressive marketing strategy, which not only includes mainstream media marketing but also incorporates Online Advertising. This is where, 1Zimbabwe Classifieds | ZimMarket enters into your Marketing Mix, by providing you, the Online advertising medium, in the form of FREE advertising space, on our ZimMarket Classifieds: www.1zimbabweclassifieds.co.zw The old adage says, “Gone are the days when one would say “A Good Wine Needs No Bush”. That’s Why, Coca-Cola, of all Companies in the world, is still advertising to this dayWe are there for you, it is our business tradition, to link buyers to sellers.
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Joel Masuka
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