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.
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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