Emmerson Njanjamangezi, Group Features Editor 
ARISTON Holdings (Ariston) says it has agreed on joint ventures in three key business projects – fruits, power generation and livestock – as part of the group’s initiatives to raise capital.
Last year, the diversified agro-industrial concern, disposed of 50 percent of its shareholding in Claremont Orchards Holdings for US$2 million to form a joint venture with Tuinbouw Zonder Grenzen, a company registered in the Netherlands.
The group also entered into a joint venture with Claremont Power Station and Ariston owns 55 percent of the power station.
Ariston also struck a joint venture arrangement with Family van Leenhoff for the purposes of cattle ranching in a company called Mombe Shoma.
In the group’s 2021 annual report, group chairman Alexander Jongwe said part of the rationale for the transactions was to raise funding for further investment.
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