Business / Companies
Mugabe in $20 million debt
23 Oct 2015 at 10:31hrs | Views
President Robert Mugabe's Gushungo Holdings firms in under a $20 million debt a move that has forced him to seek emergency funding.
Subsidiary form - Alpha Omega Dairy plant has a capacity to process 70 000 litres of raw milk per day.
Due to financial crisis, Alpha Omega's general manager Stanley Nhari has since been fired and replaced by one Ziestman.
Grace Mugabe has ordered a probe into the firms operations.
"Nhari was forced out due to allegations of mismanagement and misses of funds.
‘He may still be coming to the office but he only sits at the reception area just to assist the auditors conducting a forensic audit".
Subsidiary form - Alpha Omega Dairy plant has a capacity to process 70 000 litres of raw milk per day.
Due to financial crisis, Alpha Omega's general manager Stanley Nhari has since been fired and replaced by one Ziestman.
"Nhari was forced out due to allegations of mismanagement and misses of funds.
‘He may still be coming to the office but he only sits at the reception area just to assist the auditors conducting a forensic audit".
Source - Zimbabwe Independent
