AVM seeks US$20 million for turnaround plan

AVM Africa, a long-established Zimbabwean bus manufacturer, has outlined a bold revitalisation strategy targeting a return to its prior capacity of 50 buses per month. The plan hinges on a strategic partnership with Minsk Automobile Plant of Belarus and a substantial capital injection of US$20 million. The memorandum of understanding (MoU) with Minsk Automobile Plant…

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