Cfi Holdings - The Zimbabwe Independent

Topic : Cfi Holdings

CFI still in breach of ZSE rules despite return to profit

CFI reported a profit after tax of ZiG175,83 million (US$6,59 million), a sharp turnaround from a loss of ZiG995,74 million (US$40,01 million) recorded in 2024.

By Tatira Zwinoira Jan. 9, 2026

CFI still in breach of ZSE rules despite return to profit

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

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