12 °c
London
Friday, June 2, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Agriculture

Swiss company sets up US$27M medicinal cannabis farm in Zimbabwe

Farmers Review Africa by Farmers Review Africa
May 16, 2022
in Africa, Agriculture, Zimbabwe
Reading Time: 2 mins read
1.2k 36
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Zimbabwe’s President Emmerson Mnangagwa has commissioned a US$27 million Swiss Bioceuticals Limited Medicinal Cannabis Farm and Processing Plant in Mount Hampden, Mashonaland West Province.

Speaking at the launch, Mnangagwa also implored investors in cannabis farming and processing to quickly operationalize their permits and licences for the benefit of the country’s economy.

Only 15 of the 57 cannabis permits issued by the Zimbabwe government since 2018 have been activated, raising fears some of the permit holders are holding the permits for speculative purposes.

“I extend my profound congratulations to the Swiss Biocieuticals Limited for this timely investment in the medicinal cannabis farm, processing plant and value chain, worth US$27 million,” Mnangagwa said.

Also read: Zimbabwe imposes capital controls to stem currency’s slide

“This milestone is testimony of the successes of my Government’s Engagement and Re-engagement Policy. It further demonstrates the confidence that Swiss companies have in our economy through their continued investment in Zimbabwe.

“To date, investments, support and partnerships from entities linked to the Swiss Confederation (Switzerland), span across sectors such as agriculture, cement manufacturing, agriculture value chain industries and food processing as well as in spheres such as governance, institutional building and the preservation of the country’s cultural heritage.”

He added: “Leveraging on the Swiss – Zimbabwe Business Chamber launched in 2021, I urge all stakeholders to scale up efforts to see more investment and trade between businesses of the two countries. As Government, we recognise that Switzerland is one of the leading European investors and we are ready to receive more investments from that country.”

I applaud the Swiss Bioceuticals Limited for the commitment, hard work and professional manner in which it has successfully and speedily carried out this project.

Also read: REITs to add depth to Zimbabwean Capital Market

He commended the investor for speedily executing its operations from the time it got its operating licence.

“Since the granting of the licence to produce medical cannabis and permit to operate in 2020 and 2021, respectively, five hectares of land for the production of medicinal cannabis have been established under greenhouses. I exhort the company to accelerate its plans to increase the hectarage to 15 by the end of this year, towards the realisation of the target of 50 hectares by 2023.”

At the Mt Hamped factory, Swiss Bioceuticals limited has constructed a state-of-the-art medicinal cannabis processing plant, fitted with the first line of medicinal cannabis oil processing.

It is also equipped with a cannabis oil processing line aimed at stimulating bio-medical solutions and pharmaceutical products for both local and international markets.

Related

Source: Farmers Review Africa
Tags: agriculturecannabis farmingEconomyinvestmentMashonalandMount HampdenSwiss Bioceuticals Limited Medicinal Cannabis FarmSwiss Biocieuticals LimitedSwiss company sets up US$27M medicinal cannabis farm in ZimbabwezimbabweZimbabwe’s President Emmerson Mnangagwaзимбабвеزيمبابويジンバブエ津巴布韦
ScanSendShare485Tweet303Share85Pin109Send
Farmers Review Africa

Farmers Review Africa

Farmers Review Africa strives to be the main source of information about new products, trends and technologies in agriculture and farm inputs. www.farmersreviewafrica.com

Related Posts

Economy

EBC and MultiChoice to strengthen combat of piracy in Ethiopia

by FurtherAfrica
June 2, 2023
Ethiopia energy access
Energy

South Africa private companies to add 4Gw to grid by end 2024

by FurtherAfrica
June 2, 2023
Guidelines for PanAfrican payments and settlement system in Nigeria
Energy

TotalEnergies renews production license for Nigeria’s deep offshore block

by Energy Capital & Power
June 2, 2023
Venture Capital

South African digital bank Tyme raises US$77.8M

by TechGist Africa
June 2, 2023
Banking

AfDB appoints Richard Kwaku Ofori-Mante acting director of the agricultural finance and rural development dept

by Fabio Scala
June 2, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Economy

EBC and MultiChoice to strengthen combat of piracy in Ethiopia

by FurtherAfrica
June 2, 2023
0

MultiChoice Africa Holdings B.V (MAH) and the Ethiopian Broadcasting Corporation (EBC) have announced today a new cooperation agreement in the...

Read more
Ethiopia energy access

South Africa private companies to add 4Gw to grid by end 2024

June 2, 2023
Guidelines for PanAfrican payments and settlement system in Nigeria

TotalEnergies renews production license for Nigeria’s deep offshore block

June 2, 2023

South African digital bank Tyme raises US$77.8M

June 2, 2023

AfDB appoints Richard Kwaku Ofori-Mante acting director of the agricultural finance and rural development dept

June 2, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,193 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?