Cairns Foods plans to inject US$4 million into its operations this year as it gradually revives its beverages business unit which collapsed when government rolled out its chaotic agrarian reforms. For...
By Staff reporter | Published: 02 May 2018
Cairns Foods says it is eyeing the regional export market by year 2019 and 2020 as it seeks to boost its revenue streams and foreign currency earnings.Chief executive Nancy Guzha told exporters at a Z...
By Staff reporter | Published: 20 October 2017
A former employee of agro-processing company Cairns Foods Limited, won an award of more than $2,6 million after he was wrongly fired from employment 25 years ago.Mr Stanford Selemani suffered a mental...
By Staff reporter | Published: 14 August 2017
Banks have agreed on a debt to equity swap with foods and beverage processor Cairns Holdings investor Vasari Global in what will significantly cut its net shareholding when the deal is finalised.Sourc...
By Golden Sibanda | Published: 22 July 2014
Cairns Holdings prospective investor Vasari Global has requested to renegotiate a number of issues with major creditors amid fears the deal could collapse over undisclosed differences.In an update to ...
By Golden Sibanda | Published: 02 June 2014
CAIRNS Holdings Limited has completed evaluating its business in preparation for a fresh capital injection by prospective investor, Vasari Global Limited.It was not immediately clear what the value of...
By Staff reporter | Published: 04 April 2014
Cairns, the agro-processing firm, currently under judiciary management, plans to revive its Bulawayo pasta producing plant before year-end, subject to availability of investment funds, a senior compan...
By Staff reporter | Published: 04 March 2014
South African firm Vasari Global's bid to acquire Cairns Holdings is back on track after the parties agreed on a valuation following disputes over the purchase price. Sources said it was now mor...
By Staff reporter | Published: 21 February 2014
Delisted food processing firm Cairns Holding has received the regulatory approval paving way for a South Africa-based investor to inject $30 million to boost output, NewsDay Business reported. A sourc...
By Staff reporter | Published: 31 January 2014
THE Reserve Bank of Zimbabwe is expected to make a determination on a revised offer by prospective South African investor Vasari Global for its 67 percent stake in Cairns.The revised offer follows fa...
By Business Reporter | Published: 16 December 2013
DELISTED manufacturing firm Cairns Holdings is expected to ramp up production by the first quarter of next year as existing shareholders give way for new investors following its recapitalisation, the ...
By Staff reporter | Published: 10 December 2013
GRANT Thornton Camelsa is on the verge of sealing a deal that will result in the injection of over $20 million in fresh investment into Cairns Holdings by South Africa's Vasari Global Limited. The pro...
By Business Reporter | Published: 25 November 2013
Chief executive of food and beverages manufacturing concern Cairns Foods Ltd Mr Silas Gweshe has resigned ahead of the completion of the acquisition of a controlling stake in the company by Vasari Gl...
By Business Reporter | Published: 06 November 2013
FOOD and beverages manufacturer, Cairns Holdings Limited, has secured a $1 million loan from the Distressed Industries and Marginalised Areas Fund (DIMAF) for capital expenditure and working capital r...
By Staff reporter | Published: 01 November 2013
FAST moving consumer goods company Cairns Foods Ltd is on the verge of concluding a deal which will see a South African investor acquiring a majority stake in the Zimbabwean firm, businessdigest repor...
By businessdigest | Published: 25 October 2013
Cairns Holdings judicial manager Reggie Saruchera says none of the potential investors who submitted bids to acquire the Reserve Bank's stake in the company had indicated plans to lay off workers. Thi...
By Business reporter | Published: 30 July 2013
NIKOLAY Varenko, the Russian billionaire angling to acquire Cairns Holdings, is expected in Harare next week for talks with the Government on the possibility of buying the entire stake in the Zimbabw...
By Golden Sibanda I Herald | Published: 10 June 2013
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
