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 […]

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 […]

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 […]

International Breweries raises US$452.9m in a fully subscribed Rights Issue

NIGERIA – International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev has achieved 100% subscription in its just-concluded Rights Issue, which was described as the largest in Nigeria. The brewery giant was able […]

South Africa’s RCL Foods grows half-year revenue 7.1% to US$930m

SOUTH AFRICA – The South African consumer goods and milling company, RCL Foods has reported an increase in revenue of 7.1% to R14.2 billion (US$930m) in its interim results for the six months ended December […]

Unga Group’s half-year profits fall despite double digit growth in revenue

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 decrease in profit to Sh151 million (US$1.48m) for the […]

Wine and Spirit group Distell reports fall in sales volume as competition stiffens

SOUTH AFRICA – Distell, South Africa’s wine and spirit producer reported a 6.6% fall in volumes in its half year to end December, with profit falling 1.2% to R1.26bn (US$81.6m). Group revenues were up 2.7% […]