Flour Mills of Nigeria to issue US$55.16m medium term bonds

NIGERIA – Flour Mills of Nigeria Plc, a diversified Nigerian agribusiness company has announced its plan to issue a N20 billion (US$55.16m) medium-term bonds, which is subject to appropriate pricing. In a statement to the […]

Nigeria’s Beta Glass retains top management officials at the company’s board

NIGERIA – Beta Glass Plc, a Nigerian glass packaging group and subsidiary of Frigoglass Industries Nigeria Limited, has resolved to retain majority of its directors in its board. The company during its recently held annual […]

South Africa’s Rhodes Food lifts interim operating profit 6% to US$12.04m

SOUTH AFRICA – Rhodes Food, a South African food company, reported an improved performance for the six months to March as operating profits grew 6 percent to US$12.04 million (R173m). Rhodes Food increased turnover by 9.3 […]

South Africa’s Premier Fishing reports 72% growth in profit despite economic hardships

SOUTH AFRICA – Premier Fishing and Brands, a leading South African fishing company, reported a 72% increase in operating profit in the six months to February 28, 2019 despite tough economic conditions across major markets. […]

AVI reports decline in revenues on constrained consumer spending

SOUTH AFRICA – AVI Limited, a South Africa based food and beverage company, posted a decline in overall headline earnings down 6% to US$69.38 million during its six months to end December 2018. AVI said […]