Massmart reports 7.7% decline is full year sales despite slight improvement in fourth quarter
SOUTH AFRICA – Massmart, Walmart owned South African retailer has reported that its group sales…
Financials & Economy
Sasini bounces back to profitability defying COVID-19 disruptions
KENYA – Sasini, Kenyan agricultural firm dealing largely in tea, coffee, macadamia and avocado production…
Canadian online grocer Goodfood reports 62% rise in Q1 revenues
CANADA – Goodfood Market Corp, a leading online grocery company in Canada, has announced strong…
Egypt’s export of food industries marginally grew by 1% in 11 months of 2020 earning US$3.2 billion
EGYPT – Egypt’s annual exports of food industries increased 1% during the first 11 months…
Seed Co International reports 57% rise in revenue on back of increased sales volumes
AFRICA – Regional seed producer, Seed Co International Limited has reported a 57.3% rise in…
Meals, Baking units push General Mills’ net sales 7% higher in second quarter
US – American multinational manufacturer and marketer of branded consumer foods, General Mills has reported…
Seed Co International projects triple digit growth in half year profit
ZIMBABWE – Seed Co International Limited (SCIL), a leading certified seed company in Africa expects…
Tongaat’s turn around strategy yields results reporting 38% rise in half year revenue
SOUTH AFRICA – Sugar producer Tongaat Hulett has delivered significantly improved financial results in a…
Oceana Group delivers stellar performance but remains wary of further COVID-19 outbreaks
SOUTH AFRICA – One of Africa’s leading fishing companies, Oceana Group has delivered an exceptional…
Zambeef reports US$1.4m loss before tax despite rise in revenue
ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, has reported a…
Nampak’s full year revenue feels the pinch of COVID-19 falling by 23%
SOUTH AFRICA – Africa’s largest diversified packaging manufacturer, Nampak has suffered a R4.3 billion (US$280.5m)…
Quantum Foods’ full year operating profit plunge 11% despite growth in revenue
SOUTH AFRICA – Quantum Foods, South African animal feeds and poultry producer has reported that…
Unilever appoints Jaime Aguilera as Non-Executive Director
NIGERIA – Unilever Nigeria Plc, a consumer good manufacturing company has announced the appointment of…
Zimbabwean retailer OK reports 33% decline in half year profit impacted by COVID-19
ZIMBABWE – Listed supermarket chain, OK Zimbabwe Limited’s profit slumped 33% to ZWL$999.5m (US$2.7m) in…
Williamson Tea reports triple digit growth in half year profit amid economic hardships
KENYA – Williamson Tea, a Kenyan listed tea manufacturer has posted a net profit of…
Famous Brands receives approval for secondary listing on A2X Markets
SOUTH AFRICA – Famous Brands, a branded food services business in South Africa has announced…
Spur Corporation realizes 19.4% decline in full year earnings impacted by drastic drop in sales
SOUTH AFRICA – Spur Corporation, steakhouse franchise restaurant headquartered in South Africa has reported a…
Tiger Brands registers decline in full-year profit despite 4% rise in revenue
SOUTH AFRICA – South African food manufacturing giant, Tiger Brands has reported a 4% rise…
RFG holdings realises marginal rise in full year profit, plans to consolidate operations
SOUTH AFRICA – South Africa-based producer of fresh, frozen and long-life convenience meal solutions, RFG…
NBL reports double digit decline in overall volume sales triggered by alcohol sale ban
NAMIBIA – Namibia Breweries Limited, a leading beverage manufacturing company in Namibia has reported a…
Astral Foods’ earnings down 13% despite 5% rise in revenue
SOUTH AFRICA – Astral Foods Limited (Astral), South Africa’s leading integrated poultry producer has reported…
The dwindling state of government owned sugar factories in Kenya
KENYA – Kenya’s state-owned sugar mills characterized by huge debts, poor governance, ageing and obsolete…
Delta Corporation reports 11% rise in interim revenue on back of high pricing
ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of beverages in Zimbabwe has reported…
Jumia’s Q3 report indicates its significant progress towards profitability
NIGERIA – Jumia, leading e-commerce platform has reported a year-over-year rise in gross profit in…