Financials & Economy
-
Egyptian food exports soar to record US$3.9B in first 9 months of 2023 led by growth in Arab Nations
EGYPT – Egypt’s food industry exports have witnessed a remarkable upswing, with a 14% increase in the first nine months of 2023, reaching a total…
-
Nigerian Breweries nine-month revenue marginally rise despite decline in sale volumes
NIGERIA – Nigerian Breweries Plc, Nigeria’s pioneer and largest brewing company, has reported a net revenue of N402bn (US$509M) during the nine months ending 31st…
-
Zimbabwe’s dairy industry shows promising growth amid challenges
ZIMBABWE – Despite various challenges, Zimbabwe’s dairy industry has demonstrated promising growth, with a 13% month-on-month increase in milk production in September this year compared…
-
Unilever CEO rules out spinning off food, unveils “action plan” to address underperformance
UK – Unilever chief Hein Schumacher has deflected any prospect that food might be spun off as a separate business unit despite the UK-based FMCG…
-
Cameroon implements price standards for chicken and eggs in response to soaring food prices
CAMEROON – The Cameroonian government has implemented regulatory measures, in response to the rising prices of these essential food items that have been impacting households…