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  • Who is zimgold Oil Industries (Pvt) Ltd?
  • Harare- Zimgold Oil Industries (Pvt) Ltd, the largest producer and marketer of cooking oil in Zimbabwe, is looking to raise US$5 million through the private placement of a commercial paper. The company is in the business of processing oil seeds, extracting vegetable oil, and refining crude oil into edible oil for the local market.
  • What is the oil-to-edible-oil value chain in Zimbabwe?
  • Zimbabwe's oilseed-to-edible-oils value chain is concentrated around three seeds: soya bean, cotton, and sunflower, which are mainly used for the production of cooking oil for household and industrial use. Given the limited quantities in local production of oilseeds, edible-oil producers make use of import markets to source oilseeds.
  • Why is zimgold a major producer of cooking oil in Zimbabwe?
  • The limited quantities of oilseed production in Zimbabwe have resulted in the dependence on imports. Zimgold has grown rapidly and invested in multiple categories, becoming the largest producer and marketer of cooking oil in Zimbabwe.
  • How does zimgold source soya beans & sunflower seeds?
  • Zimgold intends to source soya beans locally during the grain marketing season, capitalizing on the locally available soya beans and sunflower seeds. However, local suppliers of soya beans and sunflower seeds prefer payments in USD, making it necessary to approach the market through a debt instrument.
  • What is the oil expressors industry in Zimbabwe?
  • The oil expressors industry in Zimbabwe relies heavily on imported oilseeds and crude oil due to inadequate local production. The industry has a combined oilseed crushing capacity of 200 000 tonnes per annum compared to the over 400 000 tonnes annual demand.
  • Does zimgold produce edible oil?
  • Zimgold Industries, as an edible oil producer, has agreements with feed manufacturers to supply cake for feed manufacturing. To become self-sufficient in oil, the county has to produce approximately 700,000 MTs of soya bean annually, which will give 550,000 MTs of soybean meal.

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