Harare – Nestle Zimbabwe; the country’s largest milk processor says it plans to employ 10 000 women within four years in its distribution unit as it’s seeks to grow the footprints in the local market, Finance and Economic Development Minister Mthuli Ncube has said.
Addressing journalists after a tour at the Nestle Harare factory Monday, Ncube said this was the kind of a Small to Medium Enterprises (SME) empowerment government wanted to see.
“They will be employing over the next three to four years 10 000 women to distribute, Nestle products, that is SME empowerment and that is what we would like to see,” he said.
He said touring the Nestle factory made him realise how some of government’s policies affect companies.
“Also we begin to understand the impact of our policies from the top, from government’s side, how those impact companies such as Nestle. If you are a foreign investor, you are allowed to take out 100% of your earnings or dividends and repatriate your profits, we allow that. Your investment is safe however because of the acuteness of foreign currency supply companies are unable to do that sometimes,” Ncube said
“We are doing everything we can to ameliorate things and improve the situation when it comes to the availability of foreign currency and we will continue to do so going forward,” he said.
He said government will support companies so that they can meet export demand
“I was able to see some of the machinery that requires to be re-commissioned because of shortage of foreign currency and other spare parts that are required, they have not been able to do that so we will do everything we can to support them.
“make sure they can remission these machines and be able to meet demand, there is demand domestically, there is demand within the region as well so really if we could see how we spread our foreign currency to support them so that they can meet the export demand and earn foreign currency,” he said.