Month: June 2016

SOUTH AFRICA – Gold Brands Investments, the restaurant franchisor that listed in February, reported R235.5m revenue and R9m aftertax profit for the year to end-February.

NIGERIA – Nigerian Bottling Company (NBC), Limited, has announced the appointment of Mrs. Sade Morgan as Director, Legal, Public Affairs and Communications.

UGANDA – Sudan has given Uganda a two-year grace period to comply with its new standards of coffee exports or else lose the market.

KENYA – Kenya has declined Malawi’s request to buy 1.2 million tonnes of local maize to meet the shortage in the drought-hit southern Africa state.

AFRICA – The top 100 grocery retail companies in the world chose to focus their expansion efforts on Africa and the Middle East in 2015, even as countries in this region struggled with adverse economic conditions.

AFRICA – The top 100 grocery retail companies in the world chose to focus their expansion efforts on Africa and the Middle East in 2015, even as countries in this region struggled with adverse economic conditions.

UK — Anheuser-Busch InBev’s $107bn acquisition of SABMiller is nearing Chinese approval after the companies agreed to divest the maker of Snow beer, the world’s top-selling brand, according to people familiar with the matter.

SOUTH AFRICA – Investment giant Remgro, one of the toughest operators in the country’s hard-boiled corporate sector, is showing a sweet side.