HomeBusiness DigestGlenara Estates listed for land redistribution

Glenara Estates listed for land redistribution

According to sources, civil servants and military personnel brandishing offer letters told management at the farm they would be taking over parts of the estate.
Government, through Zimre Holdings Ltd, owns a majority stake in CFI Holdings.

Glenara Estates acting GM Langton Nyabanga confirmed the development.

Nyabanga said due to the sensitivity of their poultry business on the farm, the group’s birds would be prone to disease should the new beneficiaries settle on the farm.

Apart from diseases key water facilities were located on the 400 hectares that the civil servants want to occupy.

Nyabanga said CFI a few years back applied to government to block the use of old Mazoe Road to enable the group to deal with disease control in the area.

Crest Poultry Group’s MD Tapera Mpezeni said the group invested US$2 million from a drawn down a 5-year US$3,8 million PTA Bank facility to construct  Environmentally Controlled  Houses on the Estate with a capacity to handle 40 000 birds each. He said four such houses were under  construction.

Mpezeni said the new facility would lower mortality rates to around 3% to 5% compared to 8-10% at the open sided facilities at the estate.

“We get our target weight in 33-35 days in environmentally controlled houses, compared to 42 days in the  open sided facility. The houses are  feed and space efficient,” said Mpezeni.

The CFI group solely owns Glenara Estates. The agricultural estate houses part of CFI’s broiler operations. Management sees the estate  increasingly becoming the core location for the group’s poultry division.

In addition to broilers, the estate has 714 hectares under commercial maize, 270 hectares under soya beans, 33     hectares under seed maize and 50 hectares under sugar beans.

A number of listed agricultural firms have lost land to influential people, including judges and cabinet ministers over the years, after Zanu PF launched its land reform exercise a decade ago for redistribution to landless blacks.

But critics say government and party officials got the lion’s share of the prime land.


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