Carlsberg delivers 7.4% growth in net revenue driven by higher volumes

DENMARK – The global brewer, Carlsberg Group has confirmed strong performance in the third quarter, with 7.4% rise in net revenue to US$2.68 billion driven by total organic volume growth and price/mix. According to the […]

International Breweries reports net loss of US$19m despite revenue growth

NIGERIA – International Breweries (IB Plc), the Nigerian operating unit of Anheuser-Busch InBev has said it bagged a net loss of US$19.53 million (N7.1 billion) for the first nine months of 2018. Revenue for the […]

Zimbabwe’s President inaugurates Innscor’s Prodairy Milk Processing Plant in Ruwa

ZIMBABWE – President Mnangagwa has commissioned a new Prodairy Milk Processing Plant in Ruwa, Zimbabwe that will aid the country in addressing milk consumption gap. According to the Herald, the new facility which is a […]

Bakhresa flour mills receives ISO Certification for Azam brands

TANZANIA – Bakhresa Group, the operator of flour mills that manufacture Azam brand of wheat flours has received ISO (International Organization for Standardization) Certification for its four flour mills. The industrial conglomerate received certifications in […]

Yum Brands income jumps 8.6% powered by more Taco Bell and KFC diners

USA – American fast food company Yum! Brands has posted strong quarterly performance with 8.6% rise in net income to US$454 million from $418 million in the comparable period last year. The company results indicated […]

Polish firm Feerum JSC to commission grain silos in Tanzania next year

TANZANIA – Feerum JSC, a Poland based producer of grain silos is set to commission a number of grain silos in Tanzania’s Songea, Dodoma and Shinyanga regions and two districts next year. The Polish firm […]

Cargill to close its soybean crush and oil refinery facility in Lusaka, Zambia

ZAMBIA – Cargill has announced that it will cease all operations at its soybean processing and vegetable oil refinery plant in Lusaka, Zambia effective end of October. The American based grain and agricultural corporation made […]