Zimbabwe: Bakhresa to Invest U.S$30 Million in Zimbabwean Flour Mill

Tanzanian multimillionaire Said Salim Bakhresa is set to spend $30 million in acquiring a controlling stake in Blue Ribbon Industries (BRI), a flour milling company in Zimbabwe.

According to the Zimbabwe Mail, Bakhresa Group, one of Tanzania's largest conglomerates, has officially notified Zimbabwe's Competition and Tariff Commission that it plans to acquire a 100 per cent shareholding in the troubled miller.

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