News / National
Mugabe's dairy struggles under a $20 million debt
23 Oct 2015 at 07:15hrs | Views
President Robert Mugabe and his family's business, Gushungo Holdings, is reeling under an unsustainable $20million debt.
The situation has been made worse by continuous losses incurred by its subsidiary Alpha Omega Dairy (Pvt) Ltd, forcing the First Family to seek emergency funding to rescue the company.
According to sources the company is struggling due to a mounting debt, mismanagement and misappropriation of funds.
The same sources also said that although the First Family has been thinking about disposing of the business, they have resolved to find a new investor who will inject fresh capital.
Source - Zim Ind
