GMB Subsidiary SILO Foods Industries Opens 84 Depots Countrywide

Grain Marketing Board general manager, Mr. Rocky Mutenha has revealed that the recently operationalised Silo Foods Industries has opened 84 shops across the country.

Speaking to the Chronicle in an interview on the sidelines of a Smart Agriculture conference held at Chaminuka Vocational College in Mt Darwin last week, Mr. Mutenha said Silo Foods was established to stabilise prices of foodstuffs. Mutenha said:

From April 1, 2019, Silo Foods became a stand-alone institution wholly owned by the GMB and is already operational. Silo products are already available at our 84 depots countrywide. We have gone beyond that to open satellite shops where Silo products are already being sold.

Products such as mealie-meal, wheat flour, stock feeds salt and samp are already on the shelf and are being sold to the general public. Our prices are reasonable, remember Silo Foods was established to stabilise foodstuffs prices on the market so we are a force to reckon with on the food market.

The company is believed to be selling mealie-meal, rice, sugar beans, salt, samp, bran, peanut butter, Kapenta, Pearl Millet grain, flour, mixed fruit jam, coffee, maputi, and popcorn.

Whilst critiques think the initiative will not last, the government is reported to have already injected $70 million into the business. An additional US$95 million is expected over a three-year period.

More: The Chronicle