Dairibord Holdings Limited, Zimbabwe’s largest milk processing company, says it is not closing down operations in Zimbabwe due to currency volatility and exchange rate-driven inflation amid worsening economic challenges as posted on some local social media platforms.
Instead, it says it is pushing for further consolidating of local operations to leverage that and expand into Zambia, Botswana and Mozambique to generate foreign currency which it needs to boost its business activities.
Dairibord, in the market for 70 years, has four production plants in Zimbabwe:
Harare two, Chitungwiza and Chipinge, which process about 40% of national raw milk produced.
