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Financials & Economy
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Diageo issues profit warning amid depressed spirit sales in Latin America
UK – Diageo, a British multinational beverage company, has issued a profit warning due to depressed sales in Latin America as cash-strapped customers in the…
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Court halts sale of Shoprite assets in Nigeria amid legal battle
NIGERIA – In a recent development, a court in Nigeria has issued an injunction to halt the sale of Shoprite assets in the country. The…
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Fishcor appeals to government for financial lifeline amidst financial struggles
NAMIBIA – The National Fishing Corporation of Namibia (Fishcor) has formally requested a financial bailout from the Namibian government, expressing concerns that its operations are…
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Agthia Group reports 10.9% growth in Revenue despite headwinds in Egypt
UAE – Agthia Group, a leading UAE food and beverage company based in Abu Dhabi, has announced a 10.9% revenue increase to Dh3.27 billion (US$882.9million)…