Zimbabwe's Tanganda Tea Company has recorded a revenue growth of 7,7 percent as key horticulture investments pay off following the company's unbundling from Meikles Limited.
"The company invested in four value chains — tea, macadamia nuts, avocados and coffee with this diversification of operations yielding tangible benefits. It is expected to continue playing such a pivotal role in the coming years," said company chairman Herbert Nkala in the financial statement for the year.
The company has identified strategies to invest in value addition options amid declining of global prices of nuts from an average of US$5.12 per kg achieved in the prior year to US$3.26 per kg in the current year. Furthermore, the company increased the area under avocado, bringing the total to 497 hectares as avocado fruit exports grew by 7 percent to 4,268 tons.
Source: herald.co.zw