Government policy changes hit Tanganda sales

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TANGANDA Tea Company (Tanganda) recorded a significant decline in sales volumes during the six months to March 31, 2024 as the government’s route-to-market policies inadvertently disrupted product uptake.Last year, authorities introduced new route-to-market measures in an attempt to rescue formal businesses from unfair competition by informal traders.Under the new regulations, only value added tax (VAT)-compliant…