KENYA – A meeting of industry players held in Kakamega on Monday resolved that West Kenya Sugar Company and Butali Sugar Mills would co-exist to boost competition.
NIGERIA – FTN Cocoa Processors plc half year (H1) results show the company posting a loss after tax of N252.11 million as it continues to grapple with what could be described as insurmountable costs, analysis of the financial statement shows.
AFRICA – African economies will grow by 5.2 per cent annually in 2015/2016, up from the current 4.6 per cent, the World Bank projects.
SOUTH AFRICA — Quantum Foods finished weakly on its opening day on the JSE despite making a plucky start.
KENYA – Sorghum farmers, transporters and other players in the value chain have lost Sh258 million following the government’s introduction of tax on Senator Keg beer, think tank Tegemeo Institute says.
GHANA – An International Monetary Fund (IMF) mission in Ghana has predicted an economic deceleration of four and half per cent in 2014 from 7.1 per cent in 2013.
ETHIOPIA – The East African Bottling Company, Coca Cola’s maker, is introducing the brand’s bottled water, Dasani, to the market.
KENYA – The level of confidence that business executives have in the economy still remains extremely strong despite increased insecurity threats and dwindling tourism fortunes, a new survey by Standard Chartered Global Research shows.
ETHIOPIA – Ashraf Agricultural Industrial Complex Plc has lost a five million Birr tax appeal. Another appeal for 20 million Br is still pending at the tax authority and the appellate commission at the Ministry of Justice (MoJ).
TANZANIA – The government has entered into contract with the World Food Programme (WFP) to buy at least 200,000 tonnes of maize.