How 'dollar shortage' grounded Pwani Oil
Manufacturers have for some time now decried the shortage of dollars in the foreign exchange market.
Source: businessdailyafrica.com
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Top News In Fry Mate Today - Breaking & Trending Today
Pwani Oil selling local goods in dollars on currency woes
Pwani Oil has taken a radical route in seeking its clients to pay for goods in dollars, citing difficulties accessing enough stock of the US currency.
Source: businessdailyafrica.com
Kapa Oil operates below capacity on lack of dollar shortage hits
The announcements signal the rise of more manufacturers who are facing challenges accessing dollars from local banks to fund capital goods imports.
Source: businessdailyafrica.com
Pwani Oil closes plant, blames lack of dollars
Pwani Oil, the manufacturer of Freshfri, Salit and Fry Mate cooking oils, has temporarily shut down its oil plant due to shortage of raw materials.
Source: businessdailyafrica.com
Address industry concerns on biting shortage of forex
Industrialists have been warning that the inadequate hard currency is negatively affecting their ability to settle obligations to overseas suppliers promptly.
Source: businessdailyafrica.com