The Sunday Mail
June 2008: Flour runs out at Lobels. Operations director Mr Cydwell Chitehwe appeals to Government to help address situation. Also implores National Incomes and Pricing Commission to review bread prices upwards.
June 2008: More than 1200 workers sent on forced leave and retrenchment contemplated.
July 2008: Lobels temporarily opens shop to raise funds for salaries.
Sept 2010: CEO Dr Burombo Mudumo resigns, Mr Tinotenda Chimhashu appointed acting CEO. Preliminary Camelsa report shows Lobels prejudiced of US$7,6 million via fictitious companies linked to management.
Oct 2010: Lobels seizes shares worth between US$2,5 million and US$3 million from Dr Mudumo.
May 2011: Venture Petroleum takes Lobels to court over a US$57 000 debt.
July 2011: NMB sues Lobels over US$4,3 million debt.
July 2011: Lobels begins discussions with creditors and courts suitors. CBZ appointed financial advisor; Dube and Manikai Hwacha appointed legal advisors.
Aug 2011: Lobels reopens.
Sept 2012: Mr Fred Mtanda sells 25 percent stake. Five banks take over Lobels.
Dec 2012: Lobels Harare resumes full operations.
Jan 2013: Lobels buys US$2, 5 million equipment under CEO Mr Ngoni Mazango.
March 2015: Takura Capital buys Lobels for US$18 million.
April 2015: CEO Mr Mazango steps down over share ownership scheme dispute.
