Delta Corporation reports decline in beer sales as sparkling beverages volume grow by 35%
ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer has reported that its beer sales both…
Financials & Economy
Heineken reports 13.4% volume decline in HY witnessing gradual improvements
NETHERLANS – Dutch multinational brewer, Heineken has reported a 16.4% decline in net revenue to…
Shoprite set to exit the Nigerian Market after 15 years of operations
NIGERIA – South African retailer, Shoprite has announced that it is considering the sale of…
AB InBev’s second quarter sales pick up encouraged by June recovery in Mexico, South Africa
BELGIUM – The world leading brewer, Anheuser Busch InBev (AB InBev) has reported a 17.7%…
EABL reports double digit decline in profit triggered by dwindling sales in second half year period
KENYA – The East African Breweries Limited (EABL) has announced a 39% decline in net…
Nestle reports 2.8% organic growth despite 9.5% decline in half year sales
SWITZERLAND – Nestle has reported an organic growth of 2.8% on its half-year results for…
Unilever tea brand Tazo launches new blends as it releases its Q2 financials
UK – Unilever, a consumer-packaged foods firm, has announced that its tea brand Tazo is set…
Indian producer of Amul dairy brands reports a 17% increase in full year sales
INDIA – Indian dairy cooperative, Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets the popular…
Choppies relists on Botswana Stock Exchange after 20-months suspension
BOTSWANA – Choppies supermarket has resumed trading on the Botswana Stock Exchange after a 20-month…
Uganda’s sugar sector grapples with stockpile amidst dwindling export market
UGANDA – According to Uganda Sugar Manufacturers Association, Uganda is currently grappling with stockpiles of…
Choppies releases the anticipated 2019 audited results alongside its interim financials
BOTSWANA – Botswana based retailer, Choppies Supermarket has finally released its long awaited audited financial…
World livestock and poultry exports forecasted to rise despite decline in beef and poultry production
GLOBAL – According the Global Agricultural Information Network report on livestock and poultry world markets…
The Coca-Cola Company records 28% decline in revenue in the its second quarter impacted by COVID-19
USA – The Coca-Cola Company has reported a 28% decline in its second-quarter net revenue…
Nigeria enjoys 100% duty exemption on Crude Palm Oil from Malaysia
NIGERIA – Malaysia, the world’s second- largest producer of the Palm Oil has offered Nigeria…
Global agribusiness company Olam prices US$50 million US private placement
SINGAPORE – Leading global food and agri-business, Olam International has announced that its wholly owned…
PZ Cussons Ghana delists from the Ghana Stock Exchange
GHANA – The Ghana Stock Exchange (GSE) has approved the delisting of a major consumer…
Tanzania earned US$800m from fish production in the fiscal year 2019/2020
TANZANIA – Tanzania fish production in the fiscal year 2019/2020 rose to 392, 933 metric…
Guinness Nigeria issues a revenue warning with earnings impacted by COVID-19 pandemic
NIGERIA – Guinness Nigeria Plc, a leading beverage and alcohol company in Nigeria and a…
Johannesburg Stock Exchange slaps Tongaat Hulett with a fine for non-compliance with listing requirements
SOUTH AFRICA – Johannesburg Stock Exchange (JSE) has issued a public censure and a maximum…
Seed Co International profit rise by 62% coupled with strong product demand
AFRICA – Regional seed producer, Seed Co International Limited has reported a 62% rise in…
Kenyan sugar imports rise by 21% in the first five months with Ugandan sugar fetching highest price
KENYA – According to the Sugar Directorate of Kenya, the country’s sugar imports between January…
COFCO International appoints Zhaohui Da as Chief Financial Officer
SWITZERLAND – Global agricultural commodities trader, COFCO International has appointed Zhaohui (Christy) Da as the…
Dairy processor FrieslandCampina WAMCO reports a 8.5% increase in 2019 turnover
NIGERIA – FrieslandCampina WAMCO, Nigeria’s leading dairy processor has announced a turnover of N161.83 billion…
Zimbabwe’s leading retailer OK reports 1,050% rise in profit after tax
ZIMBABWE – OK Zimbabwe Limited, leading retail group in Zimbabwe has reported a 464% growth…