Financials & Economy
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Depleted savings, high food prices forecasted to impact retail business growth in 2024
KENYA – Despite the challenging economic environment, Kenya’s retail businesses are expected to continue growing in 2024, albeit with specific challenges. According to the Retail…
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Largest Coca-Cola bottler in United States reports US$1.7B revenue in Q3
US – Coca-Cola Consolidated, the largest Coca-Cola bottler in the United States, has reported a revenue of US$1.71 billion in Q3 2023, a 5% increase from…
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Simbisa Kenya reports drop in earnings amid challenging economic conditions, remains committed to expansion
KENYA – Simbisa Kenya Limited, the parent company of popular fast food chains Chicken Inn and Pizza Inn, has reported a significant drop in earnings…
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McDonald’s reports impressive Q3 results with strong sales growth and new menu success
USA – McDonald’s Corporation (NYSE: MCD) reported strong third-quarter results surpassing Wall Street estimates for both profit and sales. The fast-food giant’s success was attributed…
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Middle East quick service restaurant operator Americana reports US$226M profit in first nine months
DUBAI – Americana, the Middle East’s largest restaurant operator and the operator of popular franchises such as KFC, Pizza Hut, and Hardee’s, has announced robust…