CFI Q3 Revenue Climbs 9.9% to ZWG$675 Million

📅 Published: August 15, 2025

📰 Source: zimbabwenow

Curated by AllZimNews.com

Farm and City Centre sales volumes rose by 9 percent compared to the prior year, supported by strong supplier partnerships and product diversification strategies.

Agrifoods registered a 13. 9 percent growth in sales volumes on the back of improved aggregate demand in the feed sector.

However, Victoria Foods posted a 3 percent decline in volumes due to grain shortages caused by last year’s drought and delayed maize harvesting.

Glenara Estates began its summer crop harvest during the quarter, with potato prices rising 7. 4 percent compared to last year, driven by strong market demand.

The estate also maintained steady cattle breeding and pen fattening operations through joint ventures.

Mr Chibanguza noted that the group continues to face competition from the growing dominance of informal retailers who operate outside statutory obligations. “These largely unregulated players reduce their operating costs, creating additional pressure on margins and customer retention,” he said.

Company Secretary Peter Hare said CFI expects economic conditions in the final quarter to remain challenging due to liquidity constraints and reduced aggregate demand. “Ongoing cost containment measures will be implemented to safeguard value,” he said.

John MoxonNyashadzashe Ndoro- Chief ReporterMeikles Limited, a leading Zimbabwean hospitality and retail conglomerate, is under scrutiny following significant changes to its board, sparking concerns.

Munyaradzi Mashiri- Court CorrespondentTwo men from Waterfalls, Harare — Sponsor Moyo ,39, and Cosmas Mukwananzi ,34, — have appeared before magistrate Ruth Moyo at the Harare Magistrates’ Courts fa.

Munyaradzi Mashiri- Court CorrespondentA Chinese national has appeared in court facing charges of unlawful possession of dangerous drugs.

Zheng Chunping ,33, appeared at the Harare Magistrates’ Court.

As Zimbabwe sees a 47% tobacco sales boom, Tian Ze. 🔗

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