Padenga seeks profitability

Kariba — THE world’s leading supplier of Nile crocodile skins, Padenga Holdings, is seeking to boost profitability, as it is feeding the aquatic reptiles with a corn-rich diet and allowing them more space to help the crocodiles grow faster and improve the quality of their hides.

Padenga’s finance director, Oliver Kamundimu last week told NewsDay that the group is now planning to slaughter the crocodiles after two-and-a-half years, down from three years.

“For the next one year to 18 months, our focus is to expand the facility, without drastically expanding the volumes,” he said.

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