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Beverages
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International Breweries posts US$73.57M loss in 2024 despite record revenue growth
The AB InBev subsidiary records its seventh consecutive annual loss, citing foreign exchange challenges despite an 87.63% revenue surge.
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Lavazza reports 9.1% revenue growth in 2024, introduces new coffee system Tibali
Lavazza achieved strong financial growth in 2024 despite market challenges and unveiled Tibali, an innovative coffee machine system.
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Kerry expands in East Africa with first taste manufacturing facility in Rwanda
The new facility in Kigali aims to support local food and beverage manufacturers with high-quality ingredients and expertise.
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Ngouchet Group secures US$2.14M IFC loan to boost dairy, juice production in Cameroon
The IFC’s investment will help First African Company expand production, enhance food security, and strengthen Cameroon’s local agribusiness sector.
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Lipton Teas and Infusions appoints Pierre Laubies as CEO
Pierre Laubies takes the helm at Lipton Teas and Infusions, bringing extensive leadership experience as the company advances sustainability initiatives.