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General Mills net sales increase on higher pricing

Jul 4, 2022Jul 4, 2022

USA—General Mills shares have hit a new all-time high after reporting positive fourth quarter and full year Fiscal 2022 results,…

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Grains, Milling, Baking & Feed LATEST NEWS WORLD NEWS 

Zimbabwe based agricultural firm Ariston Holdings feels pinch of offloaded fruit unit

Jun 17, 2022Jun 17, 2022

ZIMBABWE – Ariston Holdings, a listed diversified agricultural firm in Zimbabwe, has reported a 14% decline in revenue in the…

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AFRICAN NEWS Agriculture & Agribusiness Financials & Economy LATEST NEWS 

Zimbabwe’s largest dairy processor Dairibord records 55% growth in top-line performance

Jun 13, 2022Jun 13, 2022

ZIMBABWE – Zimbabwe’s leading milk processor, Dairibord Holdings, has recorded a 48% jump in sales volumes in the year ended…

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AFRICAN NEWS Dairy & Infant Foods Financials & Economy 

Tanganda Tea attains rise in bottom-line performance despite 7% dip in revenue

Jun 13, 2022Jun 13, 2022

ZIMBABWE – Zimbawe Stock Exchange-listed agro dealer, Tanganda Tea Company Limited, has reported a 7% drop in revenue to ZWL1.9…

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AFRICAN NEWS Financials & Economy LATEST NEWS 

Spar Group registers single digit growth in revenue supported by home market

Jun 9, 2022Jun 9, 2022

SOUTH AFRICA – Spar Group, South African retailer with operations abroad, has reported 5.2% rise in turnover to R67.6 billion…

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AFRICAN NEWS Financials & Economy Food service, Retail, E-commerce LATEST NEWS 

Delta Corporation reports 58% growth in full year revenue driven by volume growth in most segments

Jun 4, 2022Jun 4, 2022

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage company, has reported a 58% growth in revenue in inflation adjusted terms for…

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AFRICAN NEWS Beverages Financials & Economy LATEST NEWS 

Oceana Group moves to stabilize operations, optimistic about prospects after difficult half year

Jun 4, 2022Jun 4, 2022

SOUTH AFRICA – Africa’s largest fishing company, Oceana Group, has appointed Neville Brink, who has served as interim CEO since…

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

Zimbabwe’s African Distillers Limited reports rise in sales volume triggered by surge in wine demand

May 31, 2022May 31, 2022

ZIMBABWE – African Distillers Limited (Afdis), manufacture, distributor and marketer of branded wines, ciders and spirits in Zimbabwe, has reported…

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AFRICAN NEWS Beverages Financials & Economy LATEST NEWS 

Rising costs slash Honeywell Flour Mills’ bottom-line performance by 188%

May 31, 2022May 31, 2022

NIGERIA – Leading wheat-based products manufacturer in Nigeria, Honeywell Flour Mills Plc, has reported a N983.8 million (US$2.3m) full year…

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AFRICAN NEWS Financials & Economy Grains, Milling, Baking & Feed LATEST NEWS 

Quantum Foods report 41% decline in HEPS despite rise in revenue triggered by high costs

May 30, 2022May 30, 2022

SOUTH AFRICA – Quantum Foods, South African animal feeds and poultry producer, has reported 7% rise in group revenue in…

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AFRICAN NEWS Financials & Economy LATEST NEWS 

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  • Vietnam, Pakistan, Brazil grain suffer unfavorable planting conditions
  • Algerian grain production projected higher owing to favorable policy
  • Beverage industry may fail to hit projected growth due to strikes
  • Big blow to plant-based meat sector as France bans associated meaty terms
  • Kraft Heinz inks renewable power deals in push to achieve net-zero emissions by 2050

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
July 6, 2022

Tethered closure adoption is rising fast. Explore the latest examples, tech, and tips for success - https://t.co/6byGcPooou

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July 6, 2022

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July 6, 2022

Nestlé marks three decades of local manufacturing in Morocco https://t.co/tVMwW6ujaF
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July 6, 2022

Zambeef Products eyes new markets with new ISO 22000 Certification https://t.co/NGaOucfGLl
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