Seed producer -Seed Co International Limited (SCIL)- which is secondary listed on the Zimbabwe Stock Exchange (ZSE), has announced its willingness to migrate to the country’s new stock exchange. The company will thus become the first to be listed on the Victoria Falls Stock Exchange (VFEX), Food Business Africa reports.
VFEX is fully managed by the main stock exchange ZSE and the securities traded on this exchange will be mainly in foreign currencies.
SCIL did not discuss the reasons for its decision to migrate to the new Zimbabwe stock exchange. Meanwhile, other companies including Caledonia Mining have also expressed interest in this new stock exchange.
SCIL operates in over 15 African countries and is primarily listed on the Botswana Stock Exchange.
Seed Co develops and markets certified crop seeds, mainly hybrid maize seed, but also cotton seed, wheat, soya bean, barley, sorghum and ground nut seed. Most of our hybrid and non-hybrid cereals and oil crop seed varieties are proprietary, having been developed and bred at our research stations through market-oriented research and breeding programmes.
Seed Co Zimbabwe is the leading producer and marketer of certified crop seeds in Zimbabwe, mainly hybrid maize seed, but also wheat, soya bean, barley, sorghum and ground nut seed. Most of hybrid and non-hybrid cereals and oil crop seed varieties are proprietary, having been developed and bred at Seed Co research stations through market-oriented research and breeding programmes. The seed is produced from Seed Co’s own parent seed under contract by an established producer network. Innovation and novel breeding methods are responsible for the success in developing successful hybrid varieties such as SC 727 and SC719 recorded by the Art farm as the highest yielding variety across all national varieties in Zimbabwe. Yield records of 21 metric tonnes per hectare have been achieved with these varieties. The research team is dedicated to ensuring that the nation has been served with productive varieties in all regions by continuously breeding varieties that are suitable and adaptable in today’s ecological conditions.
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