Zimbabwe's Tanganda Tea Co. lines up value addition projects.

Zimbabwe's Tanganda Tea Company aims to boost profitability by focusing on value addition projects for its macadamia and avocado businesses, amid a loss of ZWL$17,05bn in its 2023 financial year. The firm plans to diversify its regional market and invest in sustainable market diversification efforts, with a strong liquidity position to support its plans. Meanwhile, CFI Holdings, an agriculture-based industrial company, is seeking strategic ideas to procure raw materials during the El Niño drought, aiming to diversify its retail lines away from dependence on agro inputs and implement ongoing cost containment measures.

February 26, 2024
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