ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]
SOUTH AFRICA – Agribusiness and food-focused investment group Zeder expecting subdued value growth in the rest of its financial year, is set to return capital to shareholders and invest in new opportunities if the sale […]
KENYA – Kenyan small-scale tea farmers across the country are set to earn a lower bonus compared to last year by 18.6% as the sector grapples with oversupply in the global market. “There was a […]
KENYA – Unga Group Limited, a Kenyan-based holding company with investments in flour milling and manufacturing of human nutrition products and animal feeds has reported a 10.4% decrease in revenue to Ksh17.9 billion (US$172m) for […]
NIGERIA – International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev has notified the Nigerian Stock Exchange (NSE) of its intention to seek a “Rights Issue” as a form of capital raising for the company, […]
SOUTH AFRICA – Grand Parade Investments (GPI), fast food chain operator reported an increase in its operating profit for the year to end June 2019 to R44.2m (US$2.96m), benefiting from improved sales and profitability at […]
NAMIBIA – Namibia Breweries Limited have closed their 2019 financial year with 17 export destinations, 18 brands, and a profit of N$931 million (US$62.88m), reports the Namibian. This is according to recently released financial statements […]
NIGERIA – Guinness Nigeria Plc has laid out its plans for its financial year which began in July to build on the company’s 2019 performance focusing on key strategies. The company seeks to grow value […]
NIGERIA-Flour Mills of Nigeria Plc (FMN), one of Nigeria’s leading integrated food and agro-allied company, envisions continuous growth in key segments as strategy to delivered improved margins and operational efficiencies which will in turn result […]
UK – Vending machines supplier, Mother has raised US$3.7 million (£3 million) in funding from a Swiss investment firm, Montreux Capital Management. With the capital, the company is targeting to expand its operation across the […]
