Tanganda Tea Company

Despite recording 48% revenue growth over the prior year, Zimbabwe's largest tea producer, Tanganda Tea Company Limited has cited high inflation and currency volatility as major setbacks to the operating environment in Zimbabwe.
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In the 2021 annual report released last week, Meikles indicated that it was unbundling its large properties portfolio and strategic initiatives were being explored to facilitate the planned move.
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Meikles Limited has appealed to the sheriff for the confirmation of sale of assets belonging to its subsidiaries, Tanganda Tea Company and Meikles Hospitality.
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Prominent businessman, Mr Herbert Nkala, has been appointed chairman of the OK Zimbabwe Limited board.He replaces, Mr David Lake, who has stepped down from the position with immediate effect.
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