KENYA- The Tea Board of Kenya (TBK) has announced a new set of rules that the regulator hopes will solve…
Read MoreTea Board of Kenya announces new regulations aimed at curbing illegal tea trade
Category: Financials & Economy
Depreciation of Naira threatens survival of Nigeria’s largest breweries
NIGERIA- High finance costs are eating into the earnings of Nigeria’s largest brewing companies threatening their ability to meet their…
Read MoreFonterra reports impressive FY23 results with US$952M profit
NEW ZEALAND- Fonterra, the prominent New Zealand dairy cooperative, has unveiled its financial results for the fiscal year ending on…
Read MoreEU backs US$10.64M project to address food security in Northern Ghana
GHANA – The European Union is supporting a €10 million (US$10.64M) project aimed at enhancing food security in the Northern…
Read MoreAstral Foods expects to post a loss this year due to loadshedding and bird flu outbreak
SOUTH AFRICA – Astral Foods, a leading poultry producer in South Africa, expects to record losses during this financial year…
Read MoreEABL’s employee share values drop by as stock price declines
KENYA- The East African Breweries Limited (EABL), a leading brewer in East Africa, has reported a significant decrease in the…
Read MoreTelcar Cocoa struggles to gain momentum in 2022-23 despite recent share acquisition
CAMEROON- Telcar Cocoa, a prominent player in the cocoa market and local dealer for American giant Cargill, has experienced a…
Read MoreLibstar announces overhaul plans amidst profit slump, considers asset sales
SOUTH AFRICA – Libstar, a prominent South African Consumer Packaged Goods (CPG) company, has unveiled a comprehensive overhaul strategy in…
Read MoreChinese dairy giant Yili reports US$10.24B in half year operating income
CHINA -Yili, a prominent player in the dairy industry, has released its 2023 H1 report revealing a 4.31% year-on-year surge…
Read MoreSA’s beer consumption declines as flavoured alcoholic beverages gain popularity
SOUTH AFRICA – South Africa’s beer industry is facing a notable downturn in consumption, with a growing preference for flavoured…
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