Nestle Zimbabwe said it plans to import an additional 500 dairy cows at a cost of US$1m by the end of the year as part of the company’s dairy revolving fund scheme that aims to boost milk production.
According to the Zimbabwe Investment Authority, Nestle corporate affairs manager Farai Munetsi told a Buy Zimbabwe summit in the country earlier this month that the company had invested US$14.3m to date in a “dairy cow revolving fund” launched in 2011 that will run for more than 10 years.
Munetsi said farmers in Chitomborwizi, in the farming area of Mashonaland West in Zimbabwe, will get 100 dairy cows this year, which will be brought into the country around the end of this year and early 2017. The farmers are already expected to produce more than 50,000 litres of milk by the end of this year, he said.
Last year, the company trained 110 small scale farmers in Chitomborwizi and 20 farmers were given 100 dairy cows under Nestle’s dairy revival scheme.
Munetsi said that of the diary cows to be imported this year 300 will be given to commercial farmers. He also called for the country to produce more maize as a raw material to benefit the food and beverage and confectionery sectors and the packaging industry.
Nestle Zimbabwe manufactures a variety of products including milk powder and recently launched small packs of Cremora, in addition to its cereal products Cerevita and Cerelac.
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