Agricultural concern Ariston Holdings has seen a 65 % surge in banana production alongside good yields on other crops, as a result of a good rainy season. Company secretary Aquiline Chinamo said good rains have spurred the company’s growth: “The fruit category comprises stone fruit and bananas. The wetter season experienced in 2021 than in prior year has resulted in a 65% increase in banana production. The favourable weather patterns allowed for the production of 32 tonnes of Commercial Maize in the first quarter.”
The group’s revenue remains predominantly foreign currency denominated. Revenue for the three months ended 31 December 2020 increased by 98% in inflation adjusted terms, owing to the sharp increase in sales of tea, fruit and maize.
Ariston Holdings agricultural enterprise operates in diverse markets that include bananas, apples and peaches, potatoes, tomatoes, peas, and maize and soya beans. The company has a national footprint, with six strategic business units located in the northern and eastern regions of Zimbabwe.