Tanganda plans non‑tea revenue growth

TANGANDA Tea Company is seeking shareholder ap­proval to delist from the Zimbabwe Stock Exchange (ZSE) and list on the Victoria Falls Stock Exchange (VFEX).

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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