Sea Harvest expects 31% decline in profits hit by Viking buyout

SOUTH AFRICA – South African fishing company Sea Harvest expects interim basic earnings a share to decline by 31%, a slowdown attributed to the acquisition of rival Viking Fishing Holdings. For the six months ended […]

Simbisa Brands to open more fast food outlets in Kenya in an expansion drive

KENYA – Simbisa Brands, Zimbabwe’s largest fast-food restaurant operator has announced plans to open more restaurant and fast-food outlets in Kenya to expand its presence and tame rivals in the country, Business Daily has reported. […]

Champ Malta producer Champion Breweries profits fall 7% on rising costs

NIGERIA – Champion Breweries plc, Akwa Ibom based producer of Champion lager beer and Champ Malta has recorded 6.53% decline in profit to US$223,102.93 for the half year ended June 2018 from US$238,345.99 in 2017. […]

International Breweries reports loss despite strong revenue boost in the first half

NIGERIA – International Breweries Plc, a subsidiary of the world’s largest brewer AB InBev has reported a loss of US$7.76m in the first half of 2018 from US$6.09mn in the first quarter. Revenue grew to […]

La Casera launches affordable premium option of its apple drink

NIGERIA – The soft drinks manufacturer, The La Casera Company (TLCC) has unveiled ‘Full Option SKUs’, different sizes of its apple drink to ensure more options and affordability of the premium product, reports Beverage Industry […]