Cfi - The Zimbabwe Independent

Topic : Cfi

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 overturns loss, posts profit after tax of ZiG493,64m in H1

NECFI tees off for mental health support

This inaugural golf tournament, envisioned as an annual fixture, is scheduled to take place on May 9th at Chapman Golf Club in Harare.

By Munyaradzi Madzokere Mar. 30, 2025

NECFI tees off for mental health support

Analysis-Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive

Steel is headquartered there. Biden was later replaced on the ticket by Vice President Kamala Harris, who also opposed the deal and was endorsed by the USW.

By Reuters Jan. 7, 2025

Analysis-Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive

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 doubles down on strategic investments

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 struggle with accounting standards

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