The Cotton Company of Zimbabwe (COTTCO) is set to enhance its operational efficiency and revenue generation through a $3.5 million investment in the development of an oil expression plant and a solar power facility.
Scheduled for completion by Q4 – 2024, the 1.2 MW solar power facility in Muzarabani aims to strengthen energy security for COTTCO’s cotton processing operations.
Meanwhile, a $1.5 million investment will fund the construction of an oil processing facility in Gokwe, expected to be operational by Q1 – 2025. This facility will produce 60 metric tons of cooking oil per day, adding value to COTTCO’s cotton products and enhancing revenue generation.
These strategic investments align with the government’s rural industrialization agenda, emphasizing local resource utilization to promote job creation and stimulate economic growth.
Constance Makoni-Thodhlana, Corporate Communications Manager at COTTCO Holdings, highlighted the significance of these projects in advancing the company’s objectives and contributing to national development.
