Simbisa Brands full year profits increases 134% amid economic hardships

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 […]

Zeder shareholders to rip big upon completion of Pioneer Foods buyout

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 […]

International Breweries to raise capital through Rights Issue

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, […]

Grand Parade reports growth in profits as Burger King sales climb 34%

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 […]

Heineken South Africa boosts Namibia Breweries profits

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 […]

Guinness Nigeria lays out strategy to bolster growth across categories

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 […]

Flour Mills of Nigeria banks on turnaround initiatives to boost growth

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 business Mother secures US$3.7m funding

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 […]