Published: 27 January 2014

One of Zimbabwe's major bakeries, Lobels Bread Holdings, has seen bread production at its Harare plant going up 20% to 250 000 loaves a day after the successful installation of $5.8 million semi-automated machinery in the last quarter of 2013.

The baker, which almost collapsed under the burden of $14 million debt, has been rehabilitated by a consortium of banks.

The firm is battling to claw back market share, having lost ground to Innscor's Bakers' Inn and Proton Bakeries.

Lobels Bread chief executive officer Ngoni Mazango said major shareholders were seeking additional capital this year to further increase output at both the Harare and Bulawayo bakeries.
- newsday

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