Manufacturers get US$300m lifeline

SOUTH AFRICA-BASED financial services firm, Loita Capital Partners (LCB) has, in partnership with the Confederation of Zimbabwe Industries (CZI), launched a US$300 million pool facility to help local manufacturing firms access financial support for their import and capex investment needs.

The fund was launched at the on-going CZI congress which began in Harare yesterday.

The fund was set up to assist manufacturing firms meet their forex requirements.

This story is for NewsDay subscribers.