(TALKZIMBABWE) Ugandan company to invest US$30 mill in Zim, region
Ugandan company to invest US$30 mill in Zim, regionBusiness reporter
Thu, 29 Jan 2009 09:59:00 +0000
A UGANDAN company with an investment portfolio of US$30 million is planning to inject half of its portfolio in Zimbabwe and the Southern African region in 2009.
Britania Allied Industries Ltd is negotiating with Zimbabwe’s consumer manufacturing companies to strengthen its brand and increase its profitability.
The company is also seeking to invest in Mauritius, Zimbabwe, Zambia, Mozambique, Botswana, Angola, Namibia, Ethiopia, Nigeria, Ghana and DRC; countries with a population of over 350 million people.
The company says the move is aimed at increasing its market share and annual turnover to $100 million by 2012. The company will promote ready-to-eat and drink products.
Currently the company markets fruit juice of various flavours, biscuits, water, and sweets among others consumed locally and exported to Eastern DR Congo, Rwanda, Burundi, Tanzania, Kenya and South Sudan.
“We are negotiating with Fast Moving Consumer Goods companies in the region to invest $15 million in 2009.
“This will expand and strengthen Britania brand and increase our market share on the continent,” Mr K.R. Sridharan, Britania Allied Industries Ltd General Manager said.
Labels: MANUFACTURING, UGANDA, ZIMBABWE
posted by MrK @ 7:27 PM
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