Liquidity squeeze stifles Masimba operations

Historically, Masimba has been a major player in the delivery of large-scale public infrastructure projects, including roads, bridges and water systems.

MASIMBA Holdings says the tight liquidity conditions in the market has hampered effective execution of projects resulting in cash flow challenges and increasing debtors’ book.The construction firm is a huge contractor of the government’s massive infrastructure projects.“This (tight liquidity) constrained the business’ ability to fund ongoing projects and manage operational expenses, causing delays in project…

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