Almot Maqolo, Staff Writer 
CAFCA, Zimbabwe’s only cable manufacturer, is looking to expand its export market by entering new frontiers as well as strengthening its presence in the countries it operates in.
The strategic move is expected to not only boost the company’s overall growth, but also generate foreign exchange earnings for Zimbabwe, contributing to strengthening the country’s currency and reducing the trade deficit.
“We aim to increase our export footprint with at least two more consignment stock arrangements,” the company said in a statement accompanying the results for the year ended September 30, 2023.
Consignment stock arrangements are commonly used in international trade, allowing a supplier to store their goods in a different country and sell them on a consignment basis. This means ownership of the goods remains with the supplier until they are sold, resulting in reduced financial risk and increased flexibility for both parties involved.
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