AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

Blue Ribbon saves US$4.5 million through an import substitution programme

Mar 5, 2018 Editor

ZIMBABWE – GRAIN milling company, Blue Ribbon Foods Limited has saved around US$4,5 million in the past 18 months after procuring maize locally from farmers who were contracted under Government’s import substitution programme, known as Command Agriculture. This comes as the company bought around 100 000 tonnes of maize from the 2016/ 2017 Command Agriculture scheme. Blue Ribbon chief executive officer Mounir Bhakresa told The Herald Business that the company intends to continue buying its maize requirements locally to save foreign currency. “We haven’t bought (imported) maize for about 18…

Bakhresa to inject US$18 million into Blue Ribbon

Sep 4, 2015 Editor

ZIMBABWE – Blue Ribbon Industry (BRI) creditors have okayed a scheme of arrangement that will see Tanzanian firm Said Salim Bakhresa injecting US$40 million in the next five years to turn around the fortunes of the cash—strapped grain milling company.

Bakhresa to inject US$18 million into Blue Ribbon

Sep 4, 2015 Editor