National Foods Limited

Zimbabwe's largest food manufacturer, National Foods Limited (NFL), announced a positive financial outlook with an increased interim dividend despite facing challenges from ongoing tax disputes and legacy foreign currency obligations.
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National Foods Limited (Natfoods) is projected to maintain a growth trajectory in the financial year 2021 supported by its strong business which is anchored on staples.
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While local businesses face headwinds due to effects of the coronavirus (Covid-19) pandemic, agro-industrial giant National Foods Limited is expected to keep its head above water on firm demand for staple foods.
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National Foods Limited will this week re-open its Mutare maize milling plant as it seeks to meet the growing demand of maize meal, a senior official said yesterday.
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ZIMBABWE Stock Exchange-listed Innscor Africa was found guilty of not following proper regulatory procedures in its acquisition of a majority stake in National Foods Limited (NatFoods) and could be liable to a fine as high as US$60 million.
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