Ab-InBev beer sales bounce back in Q3 as consumers adjust to the new normal of drinking
BELGIUM – Ab-InBev beer sales increased by 2.6% in Q3 as Consumers have quickly adjusted…
Financials & Economy
Kellogg records rise in Q3 sales buoyed by elevated at-home demand
US –Kellogg has reported 4.5% growth in organic net sales for its third quarter amid…
Egyptian sugar processor Delta Sugar reports 15.4% revenue rise in Q3
EGYPT – Delta Sugar, a public listed company on Egyptian Exchange (EGX) has reported that…
Famous Brands nearly halves its half year revenue earning US$122m
SOUTH AFRICA – South African restaurant franchisor, Famous Brands has reported a 48% decline in…
Flour Mills of Nigeria reports double digit growth in half year revenue
NIGERIA – Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and agro-allied group…
Coca-Cola Company records 9% decline in its Q3 net revenue of 2020
USA – The Coca-Cola Company has reported a 9% decline in its third quarter (Q3)…
Simbisa Brands reports 2% decline in full-year profit despite expanding foot-print
ZIMBABWE – Simbisa Brands, a fast-food restaurant operator headquartered in Zimbabwe has reported a 2%…
Unilever reports 4.4% rise in sales for its third quarter citing to more demand of food consumed at home
UK – Unilever has reported a better-than-expected return to growth in its third quarter with…
Nestlé records 3.5% organic growth in first nine-months of 2020
SWITZERLAND – Nestlé has announced that its buoyant sales in e-commerce sales, convenience foods and…
PepsiCo releases US$1B net proceeds update in its 2020 Green Bond Report
USA – PepsiCo Inc. recently released its 2020 Green Bond Report, which provides an update…
Firmenich achieves its 2016-2020 goals as it outlines its sustainability vision for 2030
SWITZERLAND – Firmenich has achieved its five-year goals according to its Sustainability Report 2020, accelerating…
Chr. Hansen records a 5% organic growth for fiscal year 2019/20 driven by strong growth in enzymes
DENMARK – Chr. Hansen has published its full-year statement of results 2019/20 which shows a…
Pick n Pay expects half year profit to plunge 60% despite growth in core retail sales
SOUTH AFRICA – Pick n Pay, supermarket chain store in South Africa has warned that…
Olam International successfully upsizes its debt facility to US$1.98bn to refinance existing loans
SINGAPORE – Agri-food company, Olam International has announced in a statement that it has upsized…
Dairibord’s half year sales volume decline registering 15% drop in revenue
ZIMBABWE – Dairibord Holdings, Zimbabwe’s manufacturer of liquid milk, food and beverage products has seen…
Tanzania Breweries reports 9% decline in half year revenue impacted by COVID-19
TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has announced a 9%…
PepsiCo records 5.3% rise in net revenue for third quarter of 2020
USA – PepsiCo has reported a 5.3% year-on-year rise in net revenue for its third…
Choppies reports single digit rise in revenue boosted by business consolidation, restructuring
BOTSWANA – Southern African retailer, Choppies Supermarket having operations in Botswana, Zimbabwe, Namibia and Zambia…
Innscor Africa’s full year profit nearly grows to triple digits 97% reaching US$10m
ZIMBABWE – Diversified group, Innscor Africa Limited has reported a revenue of ZWL23.938bn (US$66.14m) for…
Louis Dreyfus Company records a rise in its first half profits of 2020 as it adjusted price volatility
NETHERLANDS – Louis Dreyfus Company (LDC), an agricultural commodity merchant, has announced a rise in…
Unga Group’s full year profit dwindles 88% on back of reduced demand, high production cost
KENYA – Unga Group, a Kenyan-based holding company with investments in flour milling and manufacturing…
Zambeef supports government proposal on increasing import duties of meat products to 40%
ZAMBIA – The government of Zambia in seeking to stimulate economic activity and growth in…
NBL registers 71.7% decline in full-year profits attributed to drop in Heineken SA sales
NAMIBIA – Namibia Breweries Limited’s (NBL), a subsidiary of the Ohlthaver & List (O&L) Group…
General Mills posts 29% profit benefiting from home food demand due to Covid-19
USA – General Mills has posted first quarter net sales of US$4.4 billion representing a…