Nigerian Breweries reports 28% decline in half year profits as costs spike 24.2%

NIGERIA – Nigerian Breweries Plc (NB) reported a 28% fall in profits during the first six months of 2019 ending on 30th June to US$ 36.84 million (N13.3bn) from, as increasing cost and continued to […]

Nestle Nigeria reports 22% growth in half-year profit to US$72.39m

NIGERIA – Nestle Nigeria Plc reported 22% growth in net profit for the first half of the year ending on 30 June, 2019 to US$72.39 million (N26.2bn) supported by 21% decrease in finance cost. Revenues […]

Kenya schedules launch of agriculture commodities exchange for early 2020

KENYA – Kenya is set to launch its agriculture commodity exchange platform in the first quarter of 2020 as the east African country gears up to drive growth in the agro-processing industry. Industry and Trade […]

Dangote’s NASCON to drive growth in market share through product innovation

NIGERIA – NASCON Allied Industries Plc, a food processing company and subsidiary of Dangote Industries, is targeting to grow its more market share in Nigeria’s food sector through increased product range and innovation. Speaking at […]

Granarolo buys majority stake in Italian cheese company Venchiaredo

EUROPE – Italian dairy company Granarolo has acquired a majority stake in Venchiaredo, a producer and distributor of cheese products for an undisclosed amount. Granarolo which makes fresh milk and dairy-cheese, dry pasta, deli meats […]