Prophetic Healing and Deliverance (PHD) Ministries founding leader Walter Magaya has said that he expects his multi-million Yadah Marble Factory to generate revenues of at least $100 million within its first year of operating. The company will be operating 28 mines as it seeks to be the biggest company producing marble products in the world.
Speaking at the official launch in the capital, Magaya said:
We expect a turnover of US$100 million in the first year and US$200 million in the following year. Yadah Marbles will be the biggest company to produce marble products in the world.
Vice-president Kembo Mohadi who attended the launch said:
This is sweet news to Treasury and the Reserve Bank of Zimbabwe. By the same token, it is boon to our unemployed youths, jobs will be created at the factory, in the mines and transport services.
We applaud Prophet Magaya for the positive response to the business call by our President Cde Mnangagwa. Government is happy that Yadah Marble is giving a new lease of life to our factory premises. Southerton will now be alive from the noise and smoke from the factory.
The message to other industrialists is very clear, rush to Zimbabwe and invest in our industries.
More: Sunday Mail
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Walter Magaya is a Zimbabwean religious leader. He is among the most celebrated self-proclaimed prophets in Zimbabwe and is the founder of Prophetic Healing Deliverance Ministries (P.H.D). Magaya rose to prominence in 2012 after his visit to T. B. Joshua (of SCOAN) who is believed... Read More About Walter Magaya
Prophetic Healing and Deliverance Ministries (P.H.D) is a Christian religious organisation founded in 2010 and led by Walter Magaya who is a self-proclaimed prophet. The organisation rose to prominence around 2012 when it was increasingly reported that the membership was growing very fast and widespread... Read More About Prophetic Healing and Deliverance
Kembo Mohadi is a Zimbabwean politician who is the Vice President of the Republic of Zimbabwe and second secretary of Zanu-PF. Mohadi is a member of the Zimbabwe African National Union-Patriotic Front (Zanu-PF) where he is a member of the Central Committee and Politburo. He... Read More About Kembo Mohadi