The Cotton Company of Zimbabwe
Cottco) is the successor to the Cotton Marketing Board(CMB), a government parastatal that was formed in 1969.In 1994 as part of government’s economic reforms, the CMB was commercialized and its successor, Cottco, was privatized in October 1997 and listed on the Zimbabwe Stock exchange in December that year, with the government retaining a 25% shareholding.
This was later sold to Cottco employees, under a share scheme. During that period Cottco operated with a number of subsidiary companies, namely Scottco, Seedco, Quton, Olivine, Exhort Enterprises, Cotpro and Motmate Designs.
In 2008 a restructuring exercise took place to form a holding company, which saw the birth of AICO Africa Limited. Cottco delisted from the ZSE on 1 September 2008, paving way for AICO which was listed on the same date.
The companies which were once beneath the Cottco umbrella, then joined the holding company to make Cottco Limited. Cottco now operates as a cotton procuring, processing and marketing company.