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*Govt Injects $70 Million Into Silo Foods For Cheaper Foodstuffs* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?rh The unbundling of the Grain Marketing Board (GMB) into separate entities has resulted in the creation of a new entity, Silo Foods. The company started operating as a business unit on 1 April this year and its mandate is to make basic goods more available and affordable. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- In an interview with The Sunday Mail, Silo Foods managing director Daniel Maregedze said: > The Government has invested about $70 million in the company. This is in fresh capital injection, which will enable us to scale up our operations immediately. > We have already been on the market, but now we are expanding our operations in a big way. On top of that, Treasury is finalising another package for capital equipment, estimated at US$55 million and $40 million over a three-year period. > We started operating as a separate entity on 1 April. We are currently recruiting for key positions in order to capacitate the team to deliver on our mandate. *Related:* *UPDATED: Four Dead After Explosion At GMB Lions Den Depot* *Full Text: Mnangagwa Passes Condolences, Orders All Silos To Be Inspected After Explosion At GMB Lions Den* *More: The Sunday Mail* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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