Mutare Bottling struggles to service $20m loan

Mutare Bottling struggles to service $20m loan
Published: 01 March 2018
MUTARE Bottling Company (MBC) said it is struggling to repay a foreign loan acquired to set up its bottling plant due to foreign currency shortages, an official has disclosed.

MBC managing director, Allen Lang, said the loan secured from PTA Bank (PTA), now known as the Trade and Development Bank, was due for settlement next year.

MBC installed the new plant in 2014.
- fingaz
Tags: MBC,

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