Pwani Oil selling local goods in dollars on currency woes

Pwani Oil commercial director Rajul Malde. PHOTO | LABAN WALLOGA | NMG

Pwani Oil Products Ltd has taken a radical route in seeking its clients to pay for goods in dollars, citing difficulties accessing enough stock of the US currency to purchase raw materials from abroad.

The manufacturer of Freshfri and Fry Mate cooking oils on Monday confirmed its dollar-based billing, saying its bankers can only provide half of the firm’s foreign currency requirement.

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