Liquidity squeeze stifles Masimba operations

Masimba revenue for the period grew by 9,6 percent year-on-year to US$61,5 million from US$56,1 million

Advertisements MASIMBA Holdings says the tight liquidity conditions in the market has hampered effective execution of projects resulting in cash flow challenges and increasing debtors’ book.The construction firm is a huge contractor of the government’s massive infrastructure projects.“This (tight liquidity) constrained the business’ ability to fund ongoing projects and manage operational expenses, causing delays in…

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