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Twine and Cordage Manufacturing Company (Private) Limited (“T&C Zim”) was formed in 1948 by Ernest Ascher and Booth Smith.
T&C Zim beneficiates locally grown cotton into twine products across all sectors for sale locally and regionally. The company’s competitive advantage lies in it being able to spin their own yarn and limited reliance on imported raw material.
The naturals products include the following:
Carolina Wilderness is an existing farming operation with over 20 years of history in the production of large-scale commercial crops. The farm is located in Harare South, bordering Lake Chivero and with access to the lake’s water. The farm is at an optimum altitude and possesses the physical, chemical and biological soil make-up which is prime for commercial cropping and citrus orchards. The farm is located in the Zvimba district (pop. 260,000).
Carolina Farm will focus on citrus, blueberry and lucerne farming. The farm is receiving support from Direct From Source Ltd – a UK based technical advisor with a strong focus on blueberry production in Zimbabwe, Zambia and Kenya. The global citrus market was valued at $5.6bn in 2019 and is projected to projected to grow at a compound annual growth rate of 4.2% from 2020 to 2027. Citrus products will be targeted at the European and Asian markets. Blueberries have become popular as a healthy and easy-to-snack fruit with strong, growing demand in Europe.
According to the CBI, Europe’s import of blueberries increased from 37,000 tonnes in 2014 to 81,000 tonnes in 2020 with further growth expected in the medium term representing a significant opportunity to increase supply to the export market. Carolina has experience growing cash crops and will add lucerne in an effort to increase positive cashflows to fund the operations of the business prior to the maturity of the citrus trees.
Blue Agri operates through a corporate farming model with a centralized headquarters in Harare and 6 different farms in geographically diverse locations in Zambia and Zimbabwe. The business is divided into 4 separate divisions with each division specializing in a particular crop, name: Bananas, Avocado, Citrus, Stevia and Cut Flowers. Blue Agri provides a unique opportunity to back a proven management team with significant skin in the game, and with a model that can be scaled by bolting on agricultural and horticultural opportunities.
Mangwana has invested in Blue Agri to fund the expansion on existing operations and new strategic opportunities.
The company is domiciled in the UK, with intermediate holding companies established in Mauritius. Each SPC holds African SPV’s ring-fenced by project and positioned for an AIM listing. The priority minerals to be explored are nickel, cobalt, vanadium and associated minerals including copper, palladium, titanium and chrome. The company is owned and operated by a highly experienced management team with a rich history of metals exploration and trading in Zimbabwe and Southern Africa.
Mangwana Opportunites’ investment will allow AAP to take various of it’s mines to JORC Compliance status, paving the way for listing on AIM.
Investment in a gold processor with 2 milling circuits of 50,000 MT per month, in addition to proven mining claims previously drilled to JORC standards and current throughput from Artisanal miners.
As Mangwana, we are on the ground, constantly researching new opportunities for our clients and ways to create value.”
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MANGWANA CAPITAL
Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. Our asset portfolio consists of a highly prospective portion of the Cabora Bassa Basin in Zimbabwe, one of the largest under-explored interior rift basins in Africa.
SG 4571 contains the Mzarabani conventional gas-condensate prospect, the largest undrilled, seismically defined structure in onshore Africa with TCF+ potential.
Funds raised from Mangwana’s placement have been used to advance the Cabora Bassa Project including on the ground activity and preparatory works in the project area, Invictus’ CSR program within the Muzarabani and Mbire Districts and other in-country activities.
Balu Farm is a 4,500 hectare farm located just outside of Zimbabwe’s second largest city, Bulawayo. The farm is being converted into a 1000ha pecan plantation with additional revenues from the production of lucerne and beef cattle.
The company has planted 300 hectares of pecan orchards has installed 150 hectares of irrigation to produce lucerne.
With investment from Mangwana Opportunities, Balu plans to expand its pecan orchards under cultivation to 1,000 hectares over the next four years, and will become one of the largest pecan plantations in southern Africa.
Balu is a 50% shareholder in Southern Pecans- A joint venture with the community in Kezi, Matebeleland South, where they have planted further 150ha as pecans: https://vimeo.com/area46/review/483571789/34b4a8ccf0
