NEWLY-listed Victoria Falls Stock Exchange (VFEX) counter, National Foods (NatFoods), says it remains positive on Zimbabwe’s economic outlook as it targets investments totalling US$30 million by year-end.
According to company chairman, Todd Moyo, the investments will go towards both new and existing projects.
“Over the course of 2022 and into 2023, a total of US$30 million will be invested, with some of the key investments including… a new and much more efficient flour mill… installed in Bulawayo, to replace existing equipment with a state-of-the-art flour mill supplied by the Buhler company from Switzerland,” Moyo said after the company’s recent listing ceremony in Victoria Falls.
National Foods is one of the key companies in the agro-processing zone where, through alliances with other like-minded corporates, it is heavily involved in the support of both contract and corporate farming initiatives in the country.
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