Malaysia Prepared To Import Zimbabwean Beef
Malaysia Ambassador to Zimbabwe, Amarjit Sarjit Singh has expressed his country’s interest to import beef from the Cold Storage Company (CSC) once the firm meets international quality standards that the Asian country upholds.
CSC recently secured an investor, Boustead Beef, which is being financed by various equity investors from the United Kingdom, United States, Switzerland, Hong Kong and Australia. The isvestoe has committed to injecting US$400 million towards the revival of the beef processing and marketing company.
Boustead Beef
Singh told Business Chronicle that meeting certification standards was one of the major requirements needed for CSC to resume exportation of beef to the Asian country.
CSC is a low hanging fruit in the eyes of the Government and Zimbabwe should immediately strike while there is still a lot of interest from the Halal market.
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These guys in Malaysia move fast and now it’s up to Zimbabwe to decide whether they want to keep them or not,” he said in an interview after a business cocktail hosted at a hotel in Bulawayo by the Malaysia-Zimbabwe Business Network on Tuesday evening.
The Ambassador revealed that if the Cold Storage Commission is ready, the Malaysian Development Corporation could offer consultancy services with regards certification issues. The organisation’s services were previously offered by the International Starndards Oganisation (ISO).
The CSC used to bring in revenue of about $45 million per year from exporting beef.
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More: The Chronicle
