SOURCE: African Business Review

African Business Review

November 16, 2011 16:05 ET

The Cotton Company of Zimbabwe Is One of the Largest of Its Kind in Africa and Is Poised for Significant Growth

SAN DIEGO, CA--(Marketwire - Nov 16, 2011) - Over the past year, Cottco has enjoyed continued expansion according to Managing Director David Machingaidze. "The company is now more profitable and is poised for significant growth as it expands its grower inputs scheme," he says. "The company has also managed to turn around from loss making to a profitable position."

"We have the most experienced staff and enjoy excellent relations with our growers; this relationship has been nurtured since 1969," reveals Machingaidze. Cottco is proud of its core values which include excellence, enterprise, empathy, ethics and engagement.

As Machingaidze explains: "We believe most importantly in undertaking business in the best possible ethical way. We believe that good business is built on the background of trust. For us to earn that trust we have set ourselves the highest levels of integrity standards and have committed to live by them. In our company we have a zero tolerance stance to unethical behaviour."

Some of Cottco's objectives going forward include improving its input scheme and agronomy support to take yields from under 1,000 kg/ha to 2,000 kg/ha, increasing the hectarage under control by enhancing returns and continuing to support workers as the company understands the role cotton plays in poverty eradication in the African continent. The company is also keen to introduce genetically modified seed varieties to improve yields, enhance farming methods in the country like more irrigation and mechanisation, and generally encourage innovation in both the company and industry.

Read the full report here.

About The Cotton Company of Zimbabwe

The Cotton Company of Zimbabwe, commonly known as Cottco, is the successor to the Cotton Marketing Board (CMB), which was formed in 1969. After Cottco was privatised in 1994 and listed on the Zimbabwe Stock Exchange (ZSE) in 1997, a restructuring process took place and a holding company called AICO Africa Limited was formed in 2008.

About African Business Review

African Business Review is a leading digital media source of news and content for C-level executives focused on business and industry-specific news throughout Africa. African Business Review is the territory-dedicated arm of the White Digital Media Group. Founded in 2007 by entrepreneur Glen White, White Digital Media retains a diversified portfolio of websites, magazines, daily news feeds and weekly e-newsletters that leverage technology to innovatively deliver high-quality content, analytical data, and industry news. For more information, contact 1-760-827-7800 or visit

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