Foreign currency shortage threatens Irvines capital projects

Speaking at the sidelines of a visit by the Parliamentary Portfolio Committee on Lands, Agriculture, Mechanisation andIrrigation, Irvines Zimbabwe, chief executive Mr David Irvine said that the capital projects planned by his company this year are under threat due to the prevailing foreign currency shortages.

Said Irvine:

We are doing some capital projects on our layer operations and that is dependent on us getting foreign currency. Again what we are trying to do is reduce the cost of eggs. If we can get the cost of eggs down, that means everyone will be able to afford eggs. All these capital projects are earmarked for this year but our worry remains that of getting enough foreign exchange.

Apart from foreign currency he also said that their other major concern was the delay in getting permits and the cost of getting them.

More: Herald

 

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