$40m boost for Blue Ribbon

TANZANIAN investor Bakhresa is set to invest $40 million in Blue Ribbon Industries (BRI) by end of September, a move that will see the company increasing its output.

Currently, BRI is producing at 60% to 70% on maize meal and 10% to 15% on flour. The injection would see maize meal capacity rising to 100% while flour would peak to 80%.

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