The Tanganda Tea Company, one of Zimbabwe’s oldest companies, is expected to relist on the Zimbabwe Stock Exchange (ZSE) tomorrow, after a 14-year absence. Tanganda has transformed itself over the years from a tea business to a diversified agricultural export business making it an attractive investment. The company has expanded into macadamia and avocado farming, coffee production as well as spring water bottling.
The management sees diversification as the key to mitigating risk as well as growing the business and its products and services to ensure long term sustainability.
Regarding macadamia nuts; the company increased its hectarage from 55 hectares in 2017 to 832 in 2021. There is also another 18 ha under cultivation on a third-party farm. Tanganda is looking at installing a cracking plant as the first stage towards value addition.
The avocado business has grown from 35 ha in 2011 to the current 448 ha. These are mostly meant for the export market with a focus on South Africa and Europe.
Source: herald.co.zw
Esta nota fue traducida al castellano y editada para disfrute de la comunidad Hispana a partir de esta Fuente
