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Home » Cashflow glitch delays Tanganda plant project
Companies & Markets

Cashflow glitch delays Tanganda plant project

written by Almot Maqolo, Staff Writer 0 comments
Packed tea is the group' s largest revenue earner followed by bulk tea, with coffee, macadamia and other agriculture products making up the commodity mix.
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TANGANDA Tea Company (Tanganda) says it has encountered a “slight” delay to the completion of the first phase of the US$500 000 macadamia nuts processing plant project due to cashflow problems.The agro-industrial concern intends to value-add its macadamia nuts before exporting in order to hedge against volatile global prices and reduce reliance on raw commodity…

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