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Thursday, August 18, 2022
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Tag: Financials

Saputo expands US goat cheese capabilities, reports 24.1% revenue growth in Q1 2023

Aug 5, 2022Aug 5, 2022

US- Canadian dairy company, Saputo, is streamlining its footprint in the US through a CAD45million (US$35 million) investment to convert…

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

Dangote Sugar sweetens 2022 outlook with positive performance in first half year

Aug 4, 2022Aug 4, 2022

NIGERIA – One of Nigeria’s leading sugar processors, Dangote Sugar Refinery has recorded a revenue growth in the six months…

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AFRICAN NEWS Financials & Economy LATEST NEWS Sugar & Confectionery 

Nigerian Breweries posts triple digit growth on half year profit driven by strong portfolio, pricing strategy

Aug 4, 2022Aug 4, 2022

NIGERIA – Nigerian Breweries Plc (NB Plc), subsidiary of Heineken International, has registered a 31% rise in half year revenue…

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AFRICAN NEWS Beverages Financials & Economy 

Britvic expands Rugby factory’s canning line, posts 11.2% rise in revenue

Aug 4, 2022Aug 4, 2022

UK – British soft drinks producer, Britvic, has officially opened the new canning line that is part of a £26.9million…

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Beverages Financials & Economy Investments & Funding News LATEST NEWS WORLD NEWS 

Flour Mills of Nigeria’s attains 45% growth in top-line performance in Q1

Aug 3, 2022Aug 3, 2022

NIGERIA – Nigeria’s leading integrated Food and Agro-allied group, Flour Mills of Nigeria Plc has reported a 45.3% rise in…

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

Kerry reports 13.3% increase in half-year revenues driven by growth in retail and foodservice channels

Aug 3, 2022Aug 3, 2022

IRELAND – Irish multinational taste and nutrition company, Kerry, has posted a revenue rise of 13.3% totaling €4.1 billion (US$4.19…

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Beverages Dairy & Infant Foods Financials & Economy LATEST NEWS WORLD NEWS 

SA retailer Massmart expects bigger loss as half year sales flat

Aug 3, 2022Aug 3, 2022

SOUTH AFRICA – Walmart-owned South African retailer, Massmart expects its headline loss in the half year period ended June 2022…

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

Delta Corporation posts double digit revenue growth backed by bullish performance across all segments

Aug 1, 2022Aug 1, 2022

ZIMBABWE – Zimbabwe’s largest beverage company, Delta Corporation, has registered a 55% growth in revenue in the first quarter ended…

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AFRICAN NEWS Beverages Financials & Economy LATEST NEWS 

ADM profit surges 74% on strong productivity initiatives

Aug 1, 2022Aug 3, 2022

USA— Net earnings attributable to ADM in the second quarter totaled US$1.24 billion, up 74% from US$712 million in the…

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Agriculture & Agribusiness Grains, Milling, Baking & Feed LATEST NEWS Supplier News & Innovations WORLD NEWS 

Danone posts strong first half results boosted by higher prices

Jul 31, 2022Jul 31, 2022

FRANCE – French multinational food-products corporation, Danone, has posted a “strong first half,” after recording €13.33 billion (US$ 13.63B) in…

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Dairy & Infant Foods Financials & Economy LATEST NEWS WORLD NEWS 

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  • Tiger Brands goes green, targets to source 65% of electricity requirement from sustainable energy by 2030
  • Kepak partners Bangor University to launches degree in sustainable food production
  • Urban Legend to build high-tech factory following Tesco partnership
  • Giant retailer OK Zimbabwe seeks to unbundle business into group of companies
  • Diageo invests US$5.7m in craft and innovation hub to strengthen presence in India’s growing alcoholic market

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
August 17, 2022

A Special Thank You To Our 7,000+ Followers On LinkedIn!

We are delighted to announce that Food Business Africa Magazine has reached an outstanding milestone – 7,000 followers on LinkedIn and we could not be more pleased.

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
August 17, 2022

Hormel Foods introduces new strategic business model, transitions to three operating segments https://t.co/KZ7d9cX6oP
#usa #transition #operatingmodels #meatindustry #business
@HormelFoods

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August 17, 2022

UK’s supermarket chain Morrisons explores circular waste technology to launch planet-friendly carbon-neutral eggs https://t.co/h757VFJyfW
#uk #eggs #sustainablefoodsystems #sustainableinvesting #circularwastetechnology #minifarms
@Morrisons @BetterOrigin

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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
August 17, 2022

Finlay’s to tap emerging cold brew markets with newly constructed cold brew coffee plant in UK https://t.co/FZ93LzdXwa
#markets #coffee #coldbrewcoffee #investments #uk #newprocessingplant
@Finlays

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August 17, 2022

UK-New Zealand Free Trade Agreement to hinder UK’s farmers from tapping into meat market fully https://t.co/ZF2HdHFIui
#uk #newzealand #fta #hinder #farmers #meatindustry #chinatrade

@TheAHDB

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