Padenga aims for US$30m revenue by year-end

PADENGA Holdings, one of the biggest exporting companies in Zimbabwe, aims to achieve revenue of US$30 million by the end of this year, compared to average annual revenue of US$23 million it has recorded for the past five years.

According to a latest report compiled by ZimTrade following its familiarisation tour of the company last month, the firm, which exports crocodile skins to premium buyers in Europe markets and prides itself by providing the best quality skins that satisfy the elite markets, is aiming higher.

“Padenga Holdings has grown to significantly influence the premium Nile crocodile skins markets, notching up annual revenue of US$23 million for the past five years with plans to reach US$30 million by the end of the year,” part of the report read.

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