Dangote tomato plant short of berries, struggles for profit - News Summed Up

Dangote tomato plant short of berries, struggles for profit


The Dangote Tomato Plant is reportedly struggling to attain operational profitability after six years of production as it cannot acquire enough tomatoes. It took another two years including a resolution of dispute over payment to farmers for the factory to resume output. Abdulkarim Kaita, managing director of the Dangote Tomato Processing Plant, told Bloomberg, “We haven’t been able to process enough quantity of tomato to make our operations successful. Meanwhile, tomato farmers can’t get enough credit to boost output as banks are reluctant to lend for agricultural activities. Most of the tomato farmers live in remote villages and that makes it difficult for vehicles reach them.


Source: Punch July 12, 2021 23:26 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */