Day: March 8, 2017

NIGERIA – Nestle Nigeria Plc has announced its audited results for the year ended December 31, 2017, showing the negative impact of tough macroeconomic environment.

KENYA – Bidco Africa, a maker of soap and edible oils, is investing $200 million (Sh20.5 billion) in a new plant and acquisitions over the next five years and it aims to raise its annual revenue in Kenya to $1 billion (Sh102.6 billion), its Chief Executive said.

KENYA – Bidco Africa, a maker of soap and edible oils, is investing $200 million (Sh20.5 billion) in a new plant and acquisitions over the next five years and it aims to raise its annual revenue in Kenya to $1 billion (Sh102.6 billion), its Chief Executive said.

KENYA – Bidco Africa, a maker of soap and edible oils, is investing $200 million (Sh20.5 billion) in a new plant and acquisitions over the next five years and it aims to raise its annual revenue in Kenya to $1 billion (Sh102.6 billion), its Chief Executive said.

SOUTH AFRICA – The US monster SABMiller created by acquiring Millers and then merging it with Molson Coors looks set to attack the former SAB in its home market in alliance with arch enemy Heineken.

SOUTH AFRICA – Clover Industries said it will continue to pursue export opportunities in African countries where it can better mitigate against currency risks.

NIGERIA – Ben Langat has been appointed Managing Director of leading Nigerin dairy company, FrieslandCampina WAMCO Nigeria PLC,  effective 13 March 2017.