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Home » Tanganda debts pile up on growth ambition
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Tanganda debts pile up on growth ambition

written by Almot Maqolo, Staff Writer 0 comments
The bridge finance is needed to repay debt owed to international financial institutions and regain access to capital markets.
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TANGANDA Tea Company’s borrowings grew by 153,2 percent to US$6,52 million in 2024 against US$2,57 million in 2023 as the group pursued expansion initiatives.While increased borrowings may indicate confidence in future revenue streams, they also bring financial risks, particularly in the current volatile economic environment characterized by tight liquidity.In its 2024 annual report, group long-term…

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