Rwanda’s Bralirwa profits drop by 83.5% on account of rising expenses

RWANDA – Bralirwa Limited, the largest brewer and soft beverage company in Rwanda has reported a 83.5% drop in profits from Rwf7.2 billion (US$7.5m) earned in 2018 to Rwf1.2bn (US$1.25m) gained in 2019, according to […]

Zambian Breweries’ profit surge 27% on increased volume sales

ZAMBIA – In line with guidance from the Zambia government to combat the spread of coronavirus  (COVID-19), Zambian Breweries Plc has set a new milestone by becoming the first listed company on the Lusaka Securities […]

National Foods reports major decline in total volumes in the first half

ZIMBABWE – National Foods Holdings Limited, Zimbabwe’s listed agri-industrial concern has reported a 32% decline in total volumes for the half year to December 31, 2019 attributable to declines across all segments apart from the […]

Stiff economic environment stagnates Varun Beverages investments in Zimbabwe

ZIMBABWE – Varun Beverages Zimbabwe (Pvt) Limited, the franchise bottler of PepsiCo in Zimbabwe is struggling to recoup its US$50 million investment in the country due to a turbulent economic environment characterised by an acute […]

China lifts ban on poultry imports from the United States

USA – China has reopened its market for poultry imports from the United States, bringing to an end the nearly five-year ban on US poultry products. China imposed a ban on all US poultry imports […]

US strikes trade deal with Japan on agriculture, industrial tariffs and digital trade

FRANCE – The United States and Japan announced a new trade agreement at the G-7 summit in France that will focus on agriculture, industrial tariffs and digital trade. U.S. President Donald Trump said the deal would […]

Nigerian government to review excise duty rate on alcoholic beverages as firms struggle

NIGERIA – The Federal Government of Nigeria has unveiled plans of reviewing excise duty rates imposed on wines and spirits following beverage manufacturers push to reduce the rates amid a challenging environment. According recent Bloomberg […]

China’s COFCO shuts down edible oil refining plant in Argentina

USA – China’s grain and commodity merchandiser has closed down a soybean and sunflower refining plant in Argentina blamed on trade and economic crisis in the country. The plant located in Lanus, Buenos Aires is said […]

Tea and horticulture remain Kenya’s top export earners

KENYA – Tea remained the top export earner at US$31.9 million followed by horticulture at US$30.4 during the July-September 2018 period, reports The Citizen. However, this is despite a drop in tea earnings which according […]

Zimbabwe’s biggest flour miller National Foods to close down mills

ZIMBABWE – National Foods, Zimbabwe’s leading flour and food producer has announced that it plans to shut down its flour mills blamed on impeding foreign currency shortages in the country, according to ANA report. The […]