Shrenuj closes, 300 jobs lost
Friday, November 18, 2016
Shrenuj Botswana’s parent company, Shrenuj &Co has run into trouble in India where it is failing to pay back lenders about $450 million. As a result of troubles at Shrenuj &Co, De Beers has suspended the company’s allocation of diamonds (sight) for financial compliance reasons.
According to sources close to the developments, the trouble at the parent company left the local subsidiary, whose operations were wholly funded from India, without diamonds to cut and polish as well as no funding.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...