CAFCA cuts off distributors for export business

The group said it was engaging authorities to ensure fair competition that preserves industry capacity and commercial viability.

CAFCA is reconfiguring its export operating model by transitioning to direct sales and scrapping distributors from previous consignment stocks as it seeks to efficiently utilise limited working capital.The Zimbabwe Stock Exchange (ZSE)-listed cable manufacturer’s products have a heavy market presence in Malawi and Mozambique mainly through distributor-partnerships. It also exports to Tanzania, Botswana, Angola and…

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