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Friday, January 27, 2023
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Category: Financials & Economy

South African FMCG company Avi Limited reports 7.2% half-year revenue rise boosted by price increase

January 27, 2023January 27, 2023

SOUTH AFRICA – AVI Ltd, a Johannesburg-based FMCG company, has posted a 7.2% rise in revenue for the six months…

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AFRICAN NEWS Financials & Economy LATEST NEWS 

United Sprits’ Board approves sale of all equity shares in Sovereign Distilleries, Q3 profits dip by 64.4%

January 25, 2023January 25, 2023

INDIA – The board of directors of United Spirits Limited (USL), a subsidiary of British multinational alcoholic beverage company, Diageo,…

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Beverages Financials & Economy LATEST NEWS Mergers & Acquisitions WORLD NEWS 

Hindustan Unilever raises royalties to UK parent company, CEO defends moves as strategic

January 23, 2023January 24, 2023

INDIA – Hindustan Unilever, the Indian subsidiary of UK-based consumer goods company Unilever, has raised royalty payments to its parent…

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Financials & Economy LATEST NEWS WORLD NEWS 

Barry Callebaut lowers 3-year growth guidance following quarterly sales drop as Lindt & Spruengli sales surpass US$5.3B

January 20, 2023January 22, 2023

SWITZERLAND – The world’s largest cocoa and chocolate supplier, Barry Callebaut, has issued a new lower three-year guidance for growth,…

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Financials & Economy LATEST NEWS Sugar & Confectionery WORLD NEWS 

Angolan sausage company Sano Dia to open a new US$70M factory to cut reliance on imports

December 7, 2022December 7, 2022

ANGOLA – Sano Dia, an Angola-based private limited company, is building a new sausage and mortadella factory in the country’s…

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AFRICAN NEWS Financials & Economy Investments & Funding News Meat, Poultry & Fish 

Nampak’s profit takes foreign exchange hit despite 21% rise in revenue

December 6, 2022December 6, 2022

SOUTH AFRICA – Africa’s leading diversified packaging manufacturer, Nampak, has reported a 21% rise in revenue in full year ended…

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AFRICAN NEWS Financials & Economy LATEST NEWS Supplier News & Innovations 

Oceana reports double digit growth in earnings driven by improved half year volume sales, high demand

December 6, 2022December 6, 2022

SOUTH AFRICA – Africa’s largest fishing company, Oceana Group has reported a 12% rise in revenue from continuing operations to…

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AFRICAN NEWS Financials & Economy LATEST NEWS Meat, Poultry & Fish 

Tiger brands reports stellar full year performance despite tough economic conditions

December 5, 2022December 5, 2022

SOUTH AFRICA – South Africa’s largest food producer Tiger Brands has delivered robust annual results with earnings up 51%, despite…

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AFRICAN NEWS Financials & Economy LATEST NEWS 

Nestlé outlines sales guidance as it pursues external growth opportunities in fast-growing segments and regions

November 30, 2022November 30, 2022

SWITZERLAND – Nestlé, in outlining its value creation model and 2025 targets to investors, said it expects to return to…

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Dairy & Infant Foods Financials & Economy Investments & Funding News LATEST NEWS WORLD NEWS 

SA poultry business Quantum Foods faces challenging year reports 73% dip in headline earnings

November 28, 2022November 28, 2022

SOUTH AFRICA – Quantum Foods, South African animal feeds and poultry producer, has highlighted that its headline earnings crashed 73%…

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AFRICAN NEWS Financials & Economy LATEST NEWS Meat, Poultry & Fish 

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MOST RECENT POSTS

  • Coca-Cola Al Ahlia Beverages, Emerge invest in construction of 1.8MWp solar photovoltaic plant
  • Outbreak  of clostridial diseases wreak havoc in Uganda threatening livestock farmer incomes
  • Kirin Holdings completes sale of 51% stake for US$160m to Myanmar Brewery Limited
  • South African FMCG company Avi Limited reports 7.2% half-year revenue rise boosted by price increase
  • DMCC partners BSAF to boost agri commodities trade between UAE and South Asia

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Mega Event Gulfood to play a leading role in tackling global food challenges, kick-starting a pivotal year for the UAE in 2023

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January 27, 2023

The three interconnected issues of food safety, food nutrition and food security are some of the most challenging in Africa’s quest to provide adequate, nutritious and safe food to its growing population.

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January 27, 2023

Sasini to go green with investment in solar energy plant as Kenyans stare at 78% electricity price hike https://t.co/NFIQwahomb
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January 27, 2023

KTDA to procure 13 orthodox tea processing machines for allied factories to meet the burgeoning demand for orthodox tea https://t.co/SVyK3HqNYj
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January 27, 2023

Irrigation, farm input supply, and investment in agro-enterprise take center stage in Dakar II summit https://t.co/dytdiP72wA
#investinafrica #dakar2023 #foodsecurity #senegal
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January 27, 2023

Sign up to Attend Gulfood 2023 - https://t.co/HT1x0zojQ8

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