Process Management

News 263 views last update:6 Aug 2012

CFI Holdings to expand its grain storage

CFI Holdings, a large agricultural company listed on the Zimbabwe Stock Exchange, said it had partnered with US investors to build a storage depot in Mozambique, which will serve the entire southern Africa region.

CFI Holdings Managing Director, Steve Kuipa, said the depot, Beira Grain Terminal, would have an initial storage capacity of 30,000 tonnes, to be doubled in the next four years. He said the depot would serve both incoming and outgoing grain cargo for the region, and would mainly benefit Mozambique, Malawi, Zambia and Zimbabwe.

"Research indicates the cheapest port of entry for sub-Sahara African imports is Beira. Through this project CFI will be able to achieve savings on the costs of grain imports for its own group requirements and on behalf of others in the milling industry in Zimbabwe," Kuipa said. He did not, however, say how much CFI Holdings was investing in the venture.

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