Pick n Pay launches price comparison tool
SOUTH AFRICA – The battle for market share is intensifying among South Africa’s major retailers, with Pick n Pay the latest to fire a salvo through its price comparison promotion, Brand Match.
LATEST NEWS
Surface finishes installing new bottling plant
ZAMBIA – Chitungwiza-based cooking oil manufacturer, Surface Investments has finished installing a new bottling plant, resulting in production rising from 3 million to 4,5 million litres a month.
Surface finishes installing new bottling plant
ZAMBIA – Chitungwiza-based cooking oil manufacturer, Surface Investments has finished installing a new bottling plant, resulting in production rising from 3 million to 4,5 million litres a month.
Volume growth spurs Afdis performance
ZIMBABWE – Zimbabwe Stock Exchange-listed African Distillers Limited posted a 150 percent increase in profit for the year ended June 2014 spurred by volume growth, cost management and improved productivity.
Guinness directors meet to recommend dividend
NIGERIA – Guinness Nigeria Plc has notified the Nigerian Stock Exchange (NSE) that it has scheduled a board of directors meeting to hold on Thursday, September 4, 2014.
Sony opts for Sh500m bank loan after missing Sugar Board facility
KENYA – Sony Sugar will this week receive a loan of Sh500 million from the Co-operative Bank to pay farmers’ arrears after it missed out on a cheap loan from the defunct Kenya Sugar Board.
Sony opts for Sh500m bank loan after missing Sugar Board facility
KENYA – Sony Sugar will this week receive a loan of Sh500 million from the Co-operative Bank to pay farmers’ arrears after it missed out on a cheap loan from the defunct Kenya Sugar Board.
Massmart half-year profit down 25%
SOUTH AFRICA – Retailer Massmart reported a 25.2% fall in half-year profit on Thursday as debt-laden consumers battling rising living costs cut back on spending.
Massmart half-year profit down 25%
SOUTH AFRICA – Retailer Massmart reported a 25.2% fall in half-year profit on Thursday as debt-laden consumers battling rising living costs cut back on spending.
Rebasing: Nigerian economy now worth N81tn
NIGERIA – The National Bureau of Statistics (NBS) has revised the size of Nigerian economy to about N81.009 trillion following it latest final rebasing of the country’s Gross Domestic Product (GDP), using the Expenditure Approach between 2010-2013.
Nestle hires Swiss as new CEO for its Nairobi hub
KENYA – Food maker Nestlé has hired Swiss national Cornel Krummenacher as chief executive for its Nairobi hub, which oversees the Equatorial Africa market.
Nestle hires Swiss as new CEO for its Nairobi hub
KENYA – Food maker Nestlé has hired Swiss national Cornel Krummenacher as chief executive for its Nairobi hub, which oversees the Equatorial Africa market.
Nigerian cocoa growers’ shipments halt over levy dispute
NIGERIA – Cocoa shipments from Nigeria’s second-largest grower Cross River halted this week after merchants and the state government disagreed over the payment of an export levy, the Cocoa Association of Nigeria (CAN) said.
Flour Mills promises cnsistent growth, profitability
NIGERIA – Flour Mills of Nigeria (FMN) has said it is well positioned to enhance profitability and deliver long term value to its numerous stakeholders.
Dairy leads Nigerian food sector with N347bn revenue
NIGERIA – The dairy sector has emerged the second largest segment in the food and beverage industry in Nigeria with estimated revenue of N347 billion in 2013 and an estimated compounded annual growth rate (CAGR) of 8 per cent over the last three years.
Dairy leads Nigerian food sector with N347bn revenue
NIGERIA – The dairy sector has emerged the second largest segment in the food and beverage industry in Nigeria with estimated revenue of N347 billion in 2013 and an estimated compounded annual growth rate (CAGR) of 8 per cent over the last three years.
Alpha Omega gets new equipment
ZIMBABWE – Alpha Omega Dairy expects to increase production of its Munandi Lacto four-fold to two million litres per month from next month following the arrival of new equipment to be commissioned “soon”.
‘Cadbury Nigeria’s brand losing market share’
NIGERIA – Cadbury Nigeria Plc’s flagship brand, Bournvita may be losing its market share to Nestle Nigeria’s Milo, following the uninspiring performance recorded by the former in its half year results for the period ended June 30, 2014, a report has stated.
‘Cadbury Nigeria’s brand losing market share’
NIGERIA – Cadbury Nigeria Plc’s flagship brand, Bournvita may be losing its market share to Nestle Nigeria’s Milo, following the uninspiring performance recorded by the former in its half year results for the period ended June 30, 2014, a report has stated.
United Refineries gets $15m boost
ZIMBABWE – Bulawayo-based fast moving consumer goods company United Refineries Ltd, says capacity utilisation has increased to 65 percent on cooking oils from as low as 30 percent boosted by a $15 million capital injection from a new investor.
United Refineries gets $15m boost
ZIMBABWE – Bulawayo-based fast moving consumer goods company United Refineries Ltd, says capacity utilisation has increased to 65 percent on cooking oils from as low as 30 percent boosted by a $15 million capital injection from a new investor.
Distell earmarks R500m for its foray into the rest of Africa
SOUTH AFRICA – Distell Group has earmarked more than R500m for investments into various African countries and it will partly fund the war chest through a cost saving and supply chain efficiency programme, the liquor group said on Monday.
Katsande exits Nestle
ZIMBABWE – Nestle Zimbabwe Limited (Nestle) managing director Kumbirai Katsande is set to step down from the helm of the Swiss multinational local unit at the end of September after a four-year stint.
Katsande exits Nestle
ZIMBABWE – Nestle Zimbabwe Limited (Nestle) managing director Kumbirai Katsande is set to step down from the helm of the Swiss multinational local unit at the end of September after a four-year stint.