Hindustan Unilever posts 19.5% rise in profit to US$207m in second quarter

INDIA – Mumbai based consumer goods company, Hindustan Unilever has reported a 19.51% increase in net profit to US$207.33 million on account of double-digit growth across categories in the second quarter. According to the company’s […]

Nestle Nigeria partners with Lagos Business School on a Sales Academy

NIGERIA – Nestle Nigeria has collaborated Lagos Business School to start a Sales Academy geared at training and equipping its employees in line with its commitment to create an environment that allows people to learn, […]

Zambia restricts maize exports to ensure food security

ZAMBIA – The government of Zambia has unveiled an administrative measure on the export of maize to neighbouring and other countries, a move the Minister of Agriculture Michael Katambo said was to ensure food security […]

Agricultural Trust disburses US$87m for boosting agric development operations

ZIMBABWE – The Zimbabwe Agricultural Development Trust (ZADT) has provided US$87.5 million towards funding small-holder farmers and agribusinesses as it seeks to boost their operations. The Herald reports the disbursement goes to almost 530,000 beneficiaries, […]

Agricultural regulatory body AMA raises US$75m for grain procurement

ZIMBABWE – The Agricultural Marketing Authority (AMA) of Zimbabwe has raised US$75 million for grain procurement, about a month after it issued agro-bills to purchase maize from farmers. A statement from its financial advisor, CBZ […]

Pick n Pay’s half year profits grow 19.1% on gains to price cuts

SOUTH AFRICA – The retailer supermarket Pick n Pay has said that half-year profits before tax grew by 19.1% to US$47.17 million boosted by massive price cuts that attracted more shoppers into its stores, reports […]

Hearthside Food Solutions signs agreement to acquire Greencore USA

USA – Hearthside Food Solutions, a leading contract manufacturer, has announced the signing of a definitive agreement to acquire Greencore USA, a leader in frozen contract packaging and a top producer of refrigerated, fresh-made sandwiches, […]

Famous Brands earnings to be hit by US$61m impairment from UK Gourmet Burger

SOUTH AFRICA – South African restaurant franchisor Famous Brands has announced that it expects to register US$61.06 million (R874m) impairment from its UK restaurant business, GBK which has failed to meet performance expectations, according to […]