Mega Market (Pvt) Ltd in Mutare is set to commission a flour milling plant next month, a development that is set to see the reduction of bread price in the country.
A source at Mega Market Company who spoke to this publication revealed that plans to commission the milling plant which was imported from Turkey was now at an advanced stage adding that the investment is worth US$22 million.
“We are confident with the sound policies of the administration of President Emmerson Mnangagwa. Indeed Zimbabwe Is Open For Business. Very soon the Mega Market Company will be opening a flour milling and maize milling plants in Mutare.
“The investment of the flour milling plant is worth US$22 million. I am confident that this development would lead to the reduction of bread prices in the country since the plant would be in a position to mill more wheat than required by bakers,” said the source.
The source revealed that President Mnangagwa would officiate the opening of the plant on 22 October 2022.
According to the source, the wheat milling plant has an installed capacity of 300MT per day and a total of six wheat silos had been installed at the company for storage and movement of wheat into the milling plant.
The source revealed that the initial plan was for the milling plant to have been commissioned earlier this year, but the setting up of the plant was disrupted by the outbreak of the Covid-19 pandemic which forced many businesses to shut down.
Mega Market (Pvt) Ltd is also diversifying its business through the implementation of value-addition to its products. The source revealed that the company was spreading its operations from packaging and distribution of basic commodities under Mega Market (Pvt) Ltd brand name, into manufacturing and milling of wheat.
The source further revealed that Mega Market is planning to export its products to countries in the region such as South Africa.
Economic analysts have commended this development saying that it is in line with the Government`s Vision 2030 of attaining an upper middle income economy status.