Cairns Coming Back

After a debilitating economic collapse that forced leading Zimbabwe-based food manufacturer Cairns Holdings to reduce its capacity utilisation to below 10% in 2008, things are finally looking a little brighter. The introduction of dollarisation in January 2009 brought in desperately needed foreign currency and provided a degree of respite to the country's consumers. Since then, an increase in sales volumes has allowed Cairns to increase its capacity utilisation to around 30%. Having contracted for a mindboggling 10 successive years between 1999 and 2008, BMI has forecast Zimbabwe's GDP growth to average a steady 5.6% between 2009 and 2018, which should

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