Connect with us

Kenya News

Grace Mugabe shuts down Gushungo dairy Estates

Published

on




Advertisement


Advertisement

Gushungo Dairy Estates has shutdown after former first lady Grace Mugabe sold about 700 dairy cows worth about US$1.4 million to a prominent butcher, rendering about 120 workers jobless.

The Independent reports that the company had a US$20 million debt, which forced the entity to auction some of its equipment to pay creditors.

Advertisement

The estate, formerly known as Foyle Farm before the property was parcelled to the Agricultural and Rural Development Authority (ARDA) by the then Agriculture ministry, measures 1 200 hectares.

Gushungo Dairy equipment was imported from South Africa for about US$15 million at a time when Mugabe was ruling Zimbabwe.

Advertisement
RALSO READ  World Bank commits $11bn to vaccination programs, laments high food prices

Th Independent reports that the dairy equipment is lying idle as a millionaire businessman who is renting the farm has not yet started producing.

 

Advertisement


Advertisement




Previous articleMartin Lawrence appreciates his daughters


Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Comment moderation is enabled. Your comment may take some time to appear.

X