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  • Diageo reports strong half-year financials with 18.4% rise in net sales and growth across all regions
  • IWSR mulls Saudi Arabia could be the next big opportunity for the no-alcohol category
  • World’s largest high-rise pig farm constructed in China to address insatiable demand for pork
  • South African fish farmers raise concern over offshore oil and gas exploration
  • Diageo’s 14.97% stake increase in EABL approved amid flat growth in half-year earnings by the subsidiary
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  • South African FMCG company Avi Limited reports 7.2% half-year revenue rise boosted by price increase
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Diageo reports strong half-year financials with 18.4% rise in net sales and growth across all regions

January 27, 2023January 27, 2023

UK – Diageo, the brand owner of Johnnie Walker, Guinness, Tanqueray, and Smirnoff, has posted a bullish half-year performance with…

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Beverages Financials & Economy LATEST NEWS WORLD NEWS 

Diageo’s 14.97% stake increase in EABL approved amid flat growth in half-year earnings by the subsidiary

January 27, 2023January 27, 2023

KENYA – Diageo, the multinational alcoholic beverage company headquartered in the UK, through its wholly owned subsidiary Diageo Kenya Limited,…

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AFRICAN NEWS Beverages Financials & Economy LATEST NEWS Mergers & Acquisitions 

South African FMCG company Avi Limited reports 7.2% half-year revenue rise boosted by price increase

January 27, 2023January 27, 2023

SOUTH AFRICA – AVI Ltd, a Johannesburg-based FMCG company, has posted a 7.2% rise in revenue for the six months…

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AFRICAN NEWS Financials & Economy LATEST NEWS 

United Sprits’ Board approves sale of all equity shares in Sovereign Distilleries, Q3 profits dip by 64.4%

January 25, 2023January 25, 2023

INDIA – The board of directors of United Spirits Limited (USL), a subsidiary of British multinational alcoholic beverage company, Diageo,…

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Beverages Financials & Economy LATEST NEWS Mergers & Acquisitions WORLD NEWS 

Hindustan Unilever raises royalties to UK parent company, CEO defends moves as strategic

January 23, 2023January 24, 2023

INDIA – Hindustan Unilever, the Indian subsidiary of UK-based consumer goods company Unilever, has raised royalty payments to its parent…

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Financials & Economy LATEST NEWS WORLD NEWS 

Barry Callebaut lowers 3-year growth guidance following quarterly sales drop as Lindt & Spruengli sales surpass US$5.3B

January 20, 2023January 22, 2023

SWITZERLAND – The world’s largest cocoa and chocolate supplier, Barry Callebaut, has issued a new lower three-year guidance for growth,…

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Financials & Economy LATEST NEWS Sugar & Confectionery WORLD NEWS 

Nampak’s profit takes foreign exchange hit despite 21% rise in revenue

December 6, 2022December 6, 2022

SOUTH AFRICA – Africa’s leading diversified packaging manufacturer, Nampak, has reported a 21% rise in revenue in full year ended…

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AFRICAN NEWS Financials & Economy LATEST NEWS Supplier News & Innovations 

Oceana reports double digit growth in earnings driven by improved half year volume sales, high demand

December 6, 2022December 6, 2022

SOUTH AFRICA – Africa’s largest fishing company, Oceana Group has reported a 12% rise in revenue from continuing operations to…

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AFRICAN NEWS Financials & Economy LATEST NEWS Meat, Poultry & Fish 

Tiger brands reports stellar full year performance despite tough economic conditions

December 5, 2022December 5, 2022

SOUTH AFRICA – South Africa’s largest food producer Tiger Brands has delivered robust annual results with earnings up 51%, despite…

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AFRICAN NEWS Financials & Economy LATEST NEWS 

Nestlé outlines sales guidance as it pursues external growth opportunities in fast-growing segments and regions

November 30, 2022November 30, 2022

SWITZERLAND – Nestlé, in outlining its value creation model and 2025 targets to investors, said it expects to return to…

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Dairy & Infant Foods Financials & Economy Investments & Funding News LATEST NEWS WORLD NEWS 

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MOST RECENT POSTS

  • Diageo reports strong half-year financials with 18.4% rise in net sales and growth across all regions
  • IWSR mulls Saudi Arabia could be the next big opportunity for the no-alcohol category
  • World’s largest high-rise pig farm constructed in China to address insatiable demand for pork
  • South African fish farmers raise concern over offshore oil and gas exploration
  • Diageo’s 14.97% stake increase in EABL approved amid flat growth in half-year earnings by the subsidiary

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Mega Event Gulfood to play a leading role in tackling global food challenges, kick-starting a pivotal year for the UAE in 2023

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
January 27, 2023

#moversandshakers
Five years after the first beer rolled out from Bature’s taproom, the company has grown in leaps and bounds. Today, it still holds the
title of being Nigeria’s only International Award-winning brewery.

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afsnsummit Africa Food Safety & Nutrition Summit @afsnsummit ·
January 27, 2023

The three interconnected issues of food safety, food nutrition and food security are some of the most challenging in Africa’s quest to provide adequate, nutritious and safe food to its growing population.

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
January 27, 2023

Sasini to go green with investment in solar energy plant as Kenyans stare at 78% electricity price hike https://t.co/NFIQwahomb
#investment #sustainability #solarpower
@sasinikenya

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
January 27, 2023

KTDA to procure 13 orthodox tea processing machines for allied factories to meet the burgeoning demand for orthodox tea https://t.co/SVyK3HqNYj
#investment #orthodoxtea #kenya
@KTDATea

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
January 27, 2023

Irrigation, farm input supply, and investment in agro-enterprise take center stage in Dakar II summit https://t.co/dytdiP72wA
#investinafrica #dakar2023 #foodsecurity #senegal
@AfDB_Group

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