Padenga Holdings Limited (PHL.vx)

Padenga, a public company listed on the Victoria Falls Stock Exchange, is one of the world’s leading suppliers of premium quality crocodilian skins, accounting for nearly 85% of the supply of Nile crocodile (Crocodylus niloticus) skins to high end luxury brands globally. Padenga’s Zimbabwean operations consist of three Nile crocodile farms which are all located on the shores of Lake Kariba, approximately 340 km northwest of the capital Harare. The Crocodile Farms were certified in 2020 by the International Crocodilian Farmer’s Association (“ICFA”) as being compliant with that organization’s international standards pertaining to animal welfare, good husbandry practices, ethical production systems, environmental sustainability, and biosecurity and in doing so became the first Nile crocodile operation worldwide to have achieved this status.

In September 2019, the Company acquired a 50.1% stake in a gold mining entity, Dallaglio Investments (Private) Limited, the holding Company to two large gold producing mines in the country, namely Pickstone Peerless and Eureka. In August 2023, Padenga Holdings Limited restructured and acquired the 49.9% minority stake in Dallaglio. Resultantly, the Group now has 100% control of both the mining and crocodile businesses, and this is anticipated to increase value to Padenga Shareholders.