Financials & Economy

Lavazza achieved strong financial growth in 2024 despite market challenges and unveiled Tibali, an innovative coffee machine system.

Illycaffè’s record revenue and profit in 2024 was driven by robust international expansion and rising Horeca demand.

The company reports a revenue increase and lower debt while moving closer to a dual listing on the NYSE.

The company has reported a 10.1% increase in revenue for 2024, reaching US$2.41 billion, alongside a 51.8% rise in commodity transaction volumes.

Despite these setbacks, the Kakuzi Board has recommended a final dividend of Ksh 8 (approximately US$0.06)) per share.