CFI overturns loss, posts profit after tax of ZiG493,64m in H1
Beneath the headline profit, however, the company’s financials raise questions about the sustainability of its core operations.
By Tatira Zwinoira
Jul. 7, 2025
CFI doubles down on strategic investments
Group inflation-adjusted revenues for the half year increased by 44,3% to ZWL$1,51 trillion compared to the prior period.
By Belinda Chiroodza
Aug. 1, 2024
CFI rolls out solar farms programme
CFI, however, said it still relies on the Zimbabwe Electricity Supply Authority (Zesa) for most operations.
By Mthandazo Nyoni
Mar. 15, 2024
CFI suffers ZWL$125bn loss
Overall, retail operations contributed 76,3%, while milling operations contributed 20,1% and farming operations accounted for 3,4% of group turnover.
By Mthandazo Nyoni
Mar. 12, 2024
Firms struggle with accounting standards
The group also failed to comply with IFRS 13.
By Melody Chikono
Jan. 12, 2024
Firms adopt cautious approach in 2024
The brickmaker added that it will continue to focus on quality, production efficiencies and cost cutting measures.
By Melody Chikono
Jan. 5, 2024
CFI defies ZSE directive
Baker Tilly flagged material misstatements in the group’s financial statements due to non-compliance with IAS 21: The effects of changes in Foreign exchange rates.
By Melody Chikono
Jan. 5, 2024
Economic crisis chills CFI stockfeed demand
The agri-processor’s group inflation adjusted revenue for the quarter was 9,9% higher than the comparative prior year period.
By Rugare Mubika
Feb. 24, 2023
RBZ threatens to ‘name, shame’ borrowers
In a statement yesterday, the RBZ accused people who borrowed from banks of manipulating the official interbank market.
By The Standard
May. 12, 2022
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