The Cotton Company of Zimbabwe (COTTCO) plans to invest $3.5 million towards the development of an oil expression plant and a solar power facility to enhance operational efficiency and revenue generation.
The solar power facility, with an anticipated completion date by Q4 – 2024 in Muzarabani, will be a 1.2 MW plant aimed at bolstering energy security for COTTCO’s cotton processing operations.
A $1.5 million investment will fund the construction of an oil processing facility in Gokwe, slated for completion by Q1 – 2025, to add value to COTTCO’s cotton products for improved revenue generation. The oil expression plant will produce 60 metric tons of cooking oil per day.
The projects align with the government’s rural industrialization agenda, emphasizing the use of local resources to foster job creation and stimulate economic growth, according to Constance Makoni-Thodhlana, Corporate Communications Manager at COTTCO Holdings.
