CFI Holdings recapitalises

Diversified group CFI Holdings Limited, says it is in the process of recapitalising some of its subsidiary companies using funds accessed from the Preferential Trade Area (PTA) Bank and Zimbabwe Economic Trading Revival Facility (Zetref) as part of efforts to boost its operations.

CFI Holdings group chief executive officer Steve Kuipa said the group had already accessed $3,8 million from PTA Bank and $600 000 through Zetref.

He said $1,8 million had been invested in Hubbard Zimbabwe hatchery while $1,4 million had gone to Victoria Foods for the reconditioning of maize and wheat meal plants in Gweru and Harare.

This story is for NewsDay subscribers.