Zimbabwe

Jon-Paul Duran

JPD Capital: Buying Spree in UK and Europe

Zimbabwean-born cannabis entrepreneur Jon-Paul Doran’s pan-European vision is falling into place. His JPD Capital has gone into a JV with leading Spanish cannabis CBD company, the Verdex Group which gives him the European foothold he’s been looking for.  And on the other side of the Channel JPD Capital has picked up two UK companies as […]

Eco Equity

Eco Equity Secures Cash and a European foothold for Expansion

The company, owned by Zimbabwean-born Jon Paul Doran’s JPD Capital, has been valued at US$210 million after hitting its fund-raising targets in December 2020.    Post Pandemic Developments  Eco Equity – founded in 2018 – is a London-based company with operational facilities in Zimbabwe, including a state-of-the-art greenhouse cultivation facility, having secured a cultivation licence […]

Eco Equity UK Launch

Zimbabwe company to launch cannabis retail brand in UK

Eco Equity, which expects its first cannabis export crop in the new year, plans to launch a retail brand Eco710 in the United Kingdom.  The Zimbabwe license holder is forecasting an initial annual production of around 15 470 kg of EU-GMP flower and 1,591 kg of EU-GMP oil for 2021. The fresh bud and oils are […]

Zimbabwe Cannabis Licence Info

Zimbabwe government confirms: 44 cannabis licences issued

Zimbabwe’s Treasury says 44 licenses have been issued for cannabis cultivation since the government issued new regulations in September 2020.  Treasury spokesman Clive Mphambela told Reuters that “30 producers were ready and some were doing test production,” but declined to comment on stocks of cannabis available for export.   Export taxes on cannabis coming next […]

Zimbabwe hemp export Plans, Zimbabwe Flag,

Zimbabwe is ‘smoking its socks’ over hemp revenue hopes

The Zimbabwe government’s estimate that hemp will generate export earnings of US$1,2 billion next year is wildly unrealistic. Although the country has prioritized hemp cultivation as an agricultural policy, this figure is three times higher than its biggest current agricultural export, tobacco. Tobacco sales totalled US$444 million for the year closing in August.   High […]

Dr Zorodzai Maroveke

5 Pearls of Wisdom from Zimbabwe’s Hemp Pioneer

Advice from Zimbabwe’s Hemp Pioneer | It is no exaggeration to call Zimbabwe Hemp Association CEO, Dr Zorodzai Maroveke about, a daring  tenacious and influential young women. She has done more than anyone else to pioneer hemp legalization in Zimbabwe and has convinced the Harare government to see hemp as a viable substitute to tobacco production. […]

zimbabwe flag,

Zimbabwe to slap 20% tax on dried bud exports, investors not happy

Zimbabwe Cannabis Export Tax | The Zimbabwe government has announced there will be special taxes on cannabis exports, prompting unhappiness among investors. Following fairly quickly in the wake of gazetting of new cannabis license regulations, the government in Harare says it plans the following taxes:   20% on the export sales value of dried bud […]

Zimbabwe hemp export Plans, Zimbabwe Flag,

Zimbabwe shoots high – plans to export US$1,2 billion of hemp next year

Zimbabwe is on track to roll-out an ambitious hemp cultivation programme with plans to reduce the country’s reliance on tobacco as a foreign exchange earner.  And interest is picking up in the investment community as the country’s legal framework for cannabis cultivation unfolds. South Africa’s Business Day newspaper reported on 29 November 2020, that Zimbabwe’s […]

Latest Research: Southern African Cannabis Market worth R32 billion by 2024

The Southern African Cannabis Market generated an estimated R21,92 billion (US$1,37 billion) in legal and illegal cannabis revenue in 2019.  This is expected to rise by between 6 and 7 % over the next four years as deregulation sweeps through the subcontinent, and the forecast for 2024 is a turnover of US$2 billion (R32 million). […]

Eco Equity

R178 m raised for Zimbabwe’s first major cannabis facility

The first major investor to take the plunge into the Zimbabwe cannabis market is London-based Eco-Equity which has raised R178 million (BP8,1 million) for a facility near Harare. Eco-Equity, founded by Zimbwean-born Jon Paul Doran, acquired Zimbabwe’s first five licenses for cultivation for export in 2018.  The company has begun construction on its facility in […]