Carrefour Kenya records a 28% increase in annual sales to US$175.9m

KENYA – French retail chain Carrefour has recorded a 28 percent jump in sales to Ksh18.7 billion (US$175.9m) for the year ended December 2019 from its Kenyan outlets, an increase from Ksh14.6 billion (US$137.3m) recorded […]

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 […]

Rhodes Food reports single digit growth in turnover amid challenging environment

SOUTH AFRICA – Rhodes Food Group (RFG), South Africa-based producer of fresh, frozen and long-life convenience meal solutions has reported a 7.6% increase in turnover for the five months to end February, boosted by the […]

Grand Parade Investments reports revenue growth despite divesting from food business

SOUTH AFRICA – Grand Parade Investments, which recently announced the sale of its SA Burger King licence has attributed the exit from its restaurant interests to reducing its debt and improving profits in its half […]

Champion Breweries reports profit growth driven by surge in sales

NIGERIA – Champion Breweries Plc, producer and marketer of alcoholic and non-alcoholic beverages in Nigeria reported strong profit growth for the full year 2019. The company’s profit rose to N169m (US$0.4m) from a loss of […]

Fonterra reports major progress as half year profits climb to US$298.5m

NEW ZEALAND – New Zealand farmer-owned dairy co-operative, Fonterra lifted its half year net profit after tax to NZD501 million (US$298.5m), up from NZD72 million (US$42.2m), representing a 595.8% growth in reported profit as the […]

Famous Brands reports 6.4% increase in sales boosted by signature brands

SOUTH AFRICA – Famous Brands, South African restaurant franchisor has reported a 6.4% rise in systemwide sales across all restaurants in SA in its year ended February 2020, while like-for-like sales grew by 2.9%. The […]