Business

Govt pledges support as Afdis plans US$5m investment

NewsDay Staff ·

Govt pledges support as Afdis plans US$5m investment

AFRICAN Distillers Limited (Afdis) is injecting US$5 million into boosting production capacity and reviving Zimbabwe’s domestic wine industry, the alcoholic beverage maker said yesterday.

Under the proposed investment, Afdis plans to scale up production of its total beverage capacity to 30 million litres from 18 million over the next five years.

The increased investment will be dedicated to increasing local content and fermentation technology.

This story is for NewsDay subscribers.

Discover more from Newsday

Subscribe now to keep reading and get access to the full archive.

Continue reading