Agro-processing firm plans $200 million investment

AGRICASSA Private Limited, a Zimbabweanbased company specialising in agro-processing and beneficiation, is set to invest US$200 million in new projects across the country.

Deputy Minister of Industry and Commerce, Raj Modi revealed this in Gwanda during a recent Matabeleland South Provincial Devolution Conference that was held at the Joshua Mqabuko Polytechnic College.

He said the proposed investment was in line with industrial development strategies and measures adopted by Government under the Transitional Stabilisation Programme (TSP).

“To improve access to resources through the Community Share Ownership Trusts (CSOTs), the Government has adopted linkage programmes as a strategy of sourcing funding through private public partnership. My Ministry has identified Agricassa, a Zimbabwean company, which specialises in agro processing and beneficiation of agricultural products.

“The company is into cassava growing and intends to partner CSOTs in this project. Agricassa Private Limited intends to embark on a massive US$200 million investment project in agriculture and agro-processing across the country.

“The project seeks to create agri-parks nationally with both direct and indirect employment creation in open field crop farming of cassava and adjuvant crops,” said the Deputy Minister.