Pick n Pay’s half year profits grow 19.8% as turnaround plan pays off
SOUTH AFRICA – South African retail chain, Pick n Pay has posted double-digits profit growth…
Financials
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…
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…
Kenyan Tea farmers’ earnings drop by 18.6% as sector grapples with glut
KENYA – Kenyan small-scale tea farmers across the country are set to earn a lower…
Unga Group reports 10.4% decline in revenue for the year ended June 2019
KENYA – Unga Group Limited, a Kenyan-based holding company with investments in flour milling and…
International Breweries to raise capital through Rights Issue
NIGERIA – International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev has notified the Nigerian…
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…
Heineken South Africa boosts Namibia Breweries profits
NAMIBIA – Namibia Breweries Limited have closed their 2019 financial year with 17 export destinations,…
Guinness Nigeria lays out strategy to bolster growth across categories
NIGERIA – Guinness Nigeria Plc has laid out its plans for its financial year which…
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,…
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…
Agricultural trader ETG secures US$128m funding to boost operations
KENYA – The Export Trading Group (ETG), a Kenya-based agricultural commodities trader, is set to…
US ghee company 4th & Heart raises US$7.6m to boost innovation
USA – American producer of organic ghee, 4th& Heart has closed US$7.6 million in Series…
CBD-infused water maker Sweet Reason secures US$2.5m funding
USA – Hemp CBD-infused sparkling water maker, Sweet Reason Beverage Co. has completed its seed…
NIRSAL secures US$12.48m funding to finance Nigeria’s agriculture sector
NIGERIA – The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has secured a…
Heritage Bank partners NIRSAL to boost agriculture financing in Nigeria
NIGERIA – The Heritage Bank Plc has partnered with the Nigeria Incentive Based Risk Sharing…
Kellogg backs US moringa brand Kuli Kuli in US$5m financing round
USA – The Kellogg Company, through its venture capital fund, eighteen94 capital and Griffith Foods…
Kellogg reports 4.2% growth in sales as restructuring costs bite in the Q4
USA – The Kellogg Company has posted 5.4% rise in sales growth for the year…
Tea and horticulture remain Kenya’s top export earners
KENYA – Tea remained the top export earner at US$31.9 million followed by horticulture at…
Ardent Mills posts rise in income in the second quarter
USA – Ardent Mills LLC has posted improved income and financial results in the second…
Fonterra revises milk price forecast with revenues falling 4% in Q1
NEW ZEALAND – The New Zealand dairy giant, Fonterra’s revenue decreased by 4% to US$2.60…
South Africa’s Kaap Agri revenue rises 8% as wheat business pays
SOUTH AFRICA – South Africa’s agricultural retailing and service company, Kaap Agri has recorded…
Starbuck’s Taste Holdings revenue falls 3% to US$34m in the half year
SOUTH AFRICA – Taste Holding, the South African operator of Starbucks has incurred an operating…
Hindustan Coca-Cola posts 4% decline in revenues as it focuses on investments
INDIA – Hindustan Coca-Cola Beverages (HCCB), the bottling partner of Coca-Cola India has said that…