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ZIMBABWE is looking forward to developing about 1 000 hectares of cut flower plantations, mostly roses in the next five years as it seeks to boost foreign currency inflows. The cut flowers, mainly roses, would be targeted for the European markets.
Zimbabwe used to be one of the largest exporters of a wide range of horticultural products in Africa, supplying overseas markets including Europe and the Middle East. For instance, citrus exports peaked in 2001 at 45 000 tonnes, being 60 percent of fresh produce output. In 2002, Zimbabwe exported cut flowers worth $60 million, according to ZimTrade, making it the second largest exporter after Kenya.
ALL SHARE
The All Share index closed the week higher at 112.77 points after gaining 0.55 points (0,49 percent). Old Mutual led the movers with a $0,0384 gain to close at $5,1814, Zimplow added $0,0285 to close at $0,1725 and SeedCo increased by $0,0245 to close at $2,5945. First Mutual Limited (also moved up by $0,0097 to close at $0,1797 and Delta was $0,0069 higher at $2,0194.
On the downside NatFoods lost $0,0064 to close at $5,6000, Dairiboard was $0,0020 down to close at $0,1300 and Innscor went further down by $0,0001 to close at $1,3800.
derick.khumalo