For­eign cur­rency short­age forces food man­u­fac­turer to shut down its mills

The East African - - NEWS -

ZIMBABWE: One of Zimbabwe’s largest food man­u­fac­tur­ers, Na­tional Foods, has shut down its two mills due to for­eign cur­rency short­ages.

In a let­ter dated De­cem­ber 3 and signed by chief ex­ec­u­tive Michael Lash­brook, the com­pany said it has been fac­ing dif­fi­cul­ties in set­tling its debts to for­eign wheat sup­pli­ers due to the for­eign cur­rency short­ages and an­nounced it would shut down both its mills in Harare and Bu­l­awayo on De­cem­ber 5.

The in­def­i­nite shut­down is ex­pected to af­fect the sup­ply of bread whose price re­cently went up from $1.10 for a stan­dard loaf to about $1.50.

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