Nash Paints Explained

Nash Paints
Industry:Paint Production Industry
Predecessors:-->
Successors:-->
Founder:Tinashe Mutarisi
Hq Location City:Harare
Hq Location Country:Zimbabwe
Areas Served:-->
Key People:Tinashe Mutarisi, founder and executive chairman
Products:Paint
Profit:-->
Profit Year:-->
Owners:-->
Num Employees:500+

Nash Paints is a paint company in Zimbabwe with interests in Southern Africa.[1] [2] As of 2017 the company had 20 branches throughout Zimbabwe with a plant that manufactures of paint a day. Tinashe Mutarisi is the founder and executive chairman of the company.[3] [4]

In 2017, the company announced plans to build a factory in Zambia.[2]

History

Nash Paints was formed by Tinashe Mutarisi. The company started operations in 2006 as a small company with only three employees at their first branch located at Chikwanha shopping centre in Chitungwiza. Mutarisi registered the company on March 27, 2007. The initial capital that was used to start the company was from Mutarisi's personal savings but later on he obtained financial support from financial institutions for expansion and growth in the later years.[5]

In 2010, Nash Paints acquired 75 percent shares in Eastlea Paints as well as a building previously owned by Rafiq Khan. Between 2008 and 2016 Nash Paints opened branches in Bluffhill, Msasa, Gazaland, Mbare, Graniteside, Masvingo, Kwekwe, Gweru, Bulawayo, Mutare, Bindura, Chinhoyi, Kadoma and Marondera.

Controversy

In February 2018, Nash Paints announced Jah Prayzah as the company's new brand ambassador, which led to some criticism in the arts industry. The previous brand ambassador since 2014 was Alick Macheso.[6] [7]

Notes and References

  1. News: Chingwere . Ishemunyoro . 4 December 2017 . Nash Paints enters global market . The Herald.
  2. Web site: Antonio . Winstone . 3 June 2017 . Nash Paints to set up $1m plant in Zambia . 14 June 2018 . NewsDay Zimbabwe.
  3. News: Mazuruse . Takemore . June 1, 2016 . Mutarisi: The man behind the success story of Nash Paints . The Standard.
  4. Web site: 5 December 2017 . Nash Paints executive lands top award . 14 June 2018 . NewsDay Zimbabwe.
  5. Web site: Nash Paints excels, paints nation. Daily News . November 14, 2017. 17 June 2018.
  6. News: Hypocrisy rules show business . . .Nash Paints in love-hate relationship with Macheso . Pfunde . Nigel . 12 May 2018 . . 20 June 2018.
  7. News: Jah Prayzah 'topples' sungura kingpin Alick Macheso . Mpofu . Muza . 28 February 2018 . My Zimbabwe News . 20 June 2018.