GMB to commission new stockfeeds plant

Farmers Union annual congress, GMB deputy general manger Mr Lawrence Jasi said work on the project was at an advanced stage.
“GMB is in the process of building a US$30 million stockfeeds plant in Norton which will be commissioned in April next year,” he said.
“The plant will have capacity to produce 10 tonnes of stockfeed per hour.”
The plant will be producing feed for a variety of livestock, including cattle, pigs, ostriches, goats and pets.
Mr Jasi said funds required for completing the project were on hand.
Construction of the plant, which started in 2004, has been held back by lack of funds.
It is also expected to boost revenue inflows for the parastatal, which has on many occasions failed to pay farmers timeously for grain delivered to its depots.
Government has since taken steps to privatise the GMB to help revive its fortunes and liberalise grain marketing.
Prior to that, GMB had legal monopoly over trade in strategic grains such as maize and wheat. — New Ziana.

Related Posts

Economy: Growth signs visible

Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…

Gold to shield Zim from Middle East conflict fallout: AfDB

Africa Moyo Deputy National Editor ZIMBABWE’S strong gold sector and broad resource base are expected to cushion the economy against the economic fallout from the escalating conflict in the Middle…

Leave a Reply

Your email address will not be published. Required fields are marked *

×