CAFCA Limited recorded a 23% increase in volumes for the first quarter ending December 31, 2024, driven by a strong performance in aluminum sales, which surged by 74% compared to the same period last year.
The company’s copper segment also registered a 13% growth, while utility and commercial business volumes saw substantial increases of 187% and 83%, respectively.
However, retail and distribution volumes declined by 25%, which CAFCA attributed to constrained trading space caused by rising informalization.
Export volumes were also affected, dropping by 39% due to foreign currency shortages in key markets such as Malawi, Mozambique, and East Africa.
Despite challenges like intermittent power supply and machine breakdowns, CAFCA successfully met its production targets for the quarter.
