Help Desk -
9717405332, 9599714297, 9810335381

Tamuda Investment Group opens steel pipe unit in Bulawayo in SA

Steel News - Published on Fri, 10 Aug 2018

Image Source:
The Chronicle reported that South Acrica headquartered engineering and steel firm, Tamuda Investment Group (TIG), has opened a steel and pipe business in Bulawayo with plans to establish a manufacturing plant that will provide one-stop-shop engineering services to a diversity of clients. The group is already engaged in steel and pipe merchanting at Belmont industrial area where it has been operating for the past two months. Business Chronicle met group chief executive officer, Mr Terry Kumira, who was in Bulawayo this week to assess progress in the new business and seek deeper engagement for further investments.

He said their investment drive was a response to reforms under President Mnangagwa’s administration, which has opened the country for business.

Mr Kumira said “President Emmerson Mnangagwa, at the Zimbabwe Embassy in Pretoria on the 22nd of December 2017, emphasised the fact that we as the diaspora had to lead the drive for investment in Zimbabwe as we had acquired the expertise and relationships that could help the country move forward. Indeed, his clarion call that 'Zimbabwe is open for business' has resonated well with our business strategy of establishing a foothold in the motherland and as such we are looking at being part of the solution and put key resources in place for future investment to flow into the country."

He said TIG was in the process of developing and finalising several investment projects in the country some of which are at a very advanced stage. The Bulawayo project is one of the champion initiatives under the company's steel merchanting and engineering value addition thrust.

Source :

Posted By : Rabi Wangkhem on Fri, 10 Aug 2018
Related News from Steel segment