President Emmerson Mnangagwa is the guest of honour at the official opening of Davipel food company in Sunway Park, Ruwa, in Harare this morning.

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The company comprises two entities Davipel which manufactures corn snacks and Agrimilling which produces the raw material for Davipel.

The total value of the investment is US$8 million.

The corn snacks manufacturing company is saving US$500 million from the import bill every month through the value addition of Zimbabwean maize for the production of snacks supplying the local market which had been inundated with foreign-made snacks in supermarket shelves.