Tiger Brands revenue to grow 8.4% in the listeriosis wake, Arqaam report

SOUTH AFRICA – Tiger Brands’ road to recovery after facing the recent Listeria crisis may see the food producer grow its revenue and earnings by 8.4% and steadily thereafter in the next three years. Business Live reports that, Finance and investment firm, Arqaam, projects a strong growth for Tiger Brands, but off a low base,…

Kenya’s Horticulture revenues hits US$ 1.257bn in ten months

KENYA – Kenya’s domestic horticulture has registered impressive performance after earning the country US$ 1.25 billion in 10 months to October 2018 an increase from full earnings for 2017 of US$1.13 billion, reports Business Daily According to Jane Ngigi, chief executive officer Kenya Horticulture Council, the enhanced earnings have been attributed to high standards of…

AB InBev to refinance US$100b debt through mega bond sale

SOUTH AFRICA – Multinational brewer, Anheuser-Busch InBev (AB InBev) plans to sell senior unsecured bonds in six parts presenting one of the biggest bond sales of the year as it seeks to refinance part of its US$100 billion debt load. According a report by Bloomberg, the sale comes in line with a tender offer of…

Kenya’s Tuskys sets up US$0.29 million online mall amid NSE listing plans

Kenya – Tusker Mattresses, one of the major Kenyan retailer, has invested US$0.29million (kshs 30 million) in setting up a virtual mall- Tuskys Online Store and a suppliers’ portal. The group’s chief executive Dan Githua said the cloud-based platform will enable customers shop for furniture, electronics, crockery, clothes, mobile accessories and home appliances among others…