Zimbabwe: Switzerland’s LafargeHolcim has lent US$30m in the form of a long-term loan to Lafarge Zimbabwe. The company has taken out a short-term loan of US$4.4m from a local bank, according to the Zimbabwe Independent newspaper. In its financial results for the 2018 the cement producer reported that its revenue grew by 24% year-on-year to US$72m in 2018 and that its profit before tax grew strongly to US$4.4m.
LafargeHolcim lends US$30m to subsidiary in Zimbabwe
URL: https://www.globalcement.com/news/item/9218-lafargeholcim-lends-us-30m-to-subsidiary-in-zimbabwe
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