Salima Sugar Company Limited says it has made a profit of over K2.4 billion in the 2024/25 financial year due to operational reforms carried out since cutting ties with Indian expatriates.
The company’s Executive Chairperson, Wester Kosamu, disclosed this in Mponela, Dowa, during an orientation for managers and supervisors on proposed functional reviews and procurement procedures.
The review was necessitated by the departure of Indian expatriates who previously handled all procurement, leaving a gap that needed to be filled.
Kosamu said they have now started servicing their K23 billion debt, which will be significantly reduced by November this year.
He also warned against sexual harassment allegations in the workplace.
