CFI pins growth prospects on stable pricing, good rains
Diversified agro-based conglomerate CFI Holdings says its growth prospects are anchored on a stable macroeconomic environment and favourable rainfall received during the current agricultural season. Presenting its Trading Update for the first quarter of 2026, CFI said the country’s operating environment remained broadly stable compared to the prior year, characterised by flat pricing and the […] The post CFI pins growth prospects on stable pricing, good rains appeared first on NewZimbabwe.com.
Black News 
Diversified agro-based conglomerate CFI Holdings says its growth prospects are anchored on a stable macroeconomic environment and favourable rainfall received during the current agricultural season.
Presenting its Trading Update for the first quarter of 2026, CFI said the country’s operating environment remained broadly stable compared to the prior year, characterised by flat pricing and the absence of currency volatility that had previously become a recurring feature.
“This stability was underpinned by the continued enforcement of tight monetary policies and exchange rate discipline. Consequently, average month-on-month inflation remained stable at 0% as at 30 December 2025, whilst year-on-year inflation decelerated,” CFI said.
Overall, the Group’s inflation-adjusted revenues for the quarter increased by 23.62% to ZWG 1.13 billion, up from ZWG 914.02 million recorded in the comparative prior-year period.
During the quarter, Farm & City Centre benefited from normal to above-normal rainfall, which drove robust demand for the entity’s core agricultural input products. Sales volumes rose by 51% compared to the same period last year.
Agrifoods also recorded growth, with sales volumes increasing by 9% during the quarter, reflecting improved aggregate demand for its products.
Victoria Foods posted significant gains, with flour sales volumes increasing by 148% and mealie-meal volumes rising by 205% compared to the prior-year comparative period. The improved performance was attributed to enhanced procurement strategies and increased demand for the products.
However, despite positive macroeconomic indicators, CFI noted that consumer spending power remained constrained due to liquidity challenges. The Group also highlighted intensifying competition from informal retailers, which continues to exert pressure on formal businesses.
“Going forward, the Group anticipates continued macro-economic stability for the upcoming periods driven by strong performances mainly in the agricultural, mining and manufacturing sectors. The Group will continue to implement disciplined cost management strategies, alongside the pursuit of targeted growth initiatives,” CFI added.
The post CFI pins growth prospects on stable pricing, good rains appeared first on NewZimbabwe.com.
