AFRICAN & MIDDLE EAST NEWS
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South Africa forecasts record citrus exports despite flooding, Middle East disruptions
The most sensitive issue concerns the alignment of phytosanitary standards between the European Union and the United Kingdom.
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EABL net profit jumps 49% to US$140.7M in FY2026
Strong spirits sales, lower financing costs and disciplined cost management boosted EABL’s earnings while strengthening the brewer’s balance sheet.
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Egypt’s logistics market projected at US$14.7B by 2031 with 5.04% CAGR
Transportation services generated US$9.4 billion in foreign currency receipts during FY2024/2025, highlighting the sector’s contribution to foreign currency resources.
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Cadbury Nigeria reports 20% decline in H1 2026 profit
Cadbury Nigeria recorded higher revenue and export growth during the first half of 2026, but rising operating expenses reduced overall profitability.
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Nestlé Nigeria reports 28% profit growth in H1 2026
Nestlé Nigeria recorded its seventh consecutive profitable quarter while strengthening its balance sheet and advancing plans for a new water business joint venture.