Walter Magaya Expects His Marble Factory To Generate Revenues Of US$100 Million In First Year
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:
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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
