Plans afoot to manufacture Cuban Cigars in tobacco rich Malawi

No Image

South Africa based, Botswana and Malawian businessman, Simbi Phiri, has unveiled plans to invest over $15 million to set up a Cuban cigar manufacturing plant. e plant is to become operational by 2018.

Construction of the factory is among key investment drives his South African based consortium, Khato Civils intends to establish as part of its strategy to broaden its foot print into Malawi.

Briefing journalists who are on a tour of some of Khato’s projects in Johannesburg, South Africa, Phiri said a study was under way to establish the viability of setting up the cigar factory in Mchinji, also the town where his father comes from.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

Have a Story? Send Us a tip
arrow up