Financials & Economy

Illycaffè’s record revenue and profit in 2024 was driven by robust international expansion and rising Horeca demand.

The company reports a revenue increase and lower debt while moving closer to a dual listing on the NYSE.

The company has reported a 10.1% increase in revenue for 2024, reaching US$2.41 billion, alongside a 51.8% rise in commodity transaction volumes.

Despite these setbacks, the Kakuzi Board has recommended a final dividend of Ksh 8 (approximately US$0.06)) per share.

Smithfield Foods has reported strong financial results as hog production declines. Hog production continues to decrease, aligning with Smithfield’s strategy to limit exposure to market fluctuations.