Zimbabwe: PPC Rebounds After Pandemic Setback
PPC Zimbabwe, the country’s biggest cement maker, said on Friday it had posted strong first quarter recoveries as the Covid-19 scourge appeared to be under control, with abandoned projects now back on track.
Projects were frozen most of 2020, as government announced hard lockdowns to tackle the pandemic that was turning economies upside down, claiming a string of casualties in its path.
Demand for cement collapsed, hitting revenues and clobbering volumes across sectors.
In the aftermath of lockdowns,…
