Tanganda plans non‑tea revenue growth

Tanganda said it plans to invest in a macadamia cracking facility that will enable it to process nut-in-shell macadamias into kernels.

TANGANDA Tea Company (Tanganda) expects non-tea agricultural operations to contribute up to 40 percent of the group’s total income in the medium-term through its planned diversification push. The tea grower is targeting to raise US$8 million through renounceable rights offer to finance diversification efforts which include funding value addition initiatives, plant upgrades and expansion across…

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