Financials & Economy
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Unilever Nigeria Plc achieves strong financial performance with a surge in revenue
NIGERIA – Unilever Nigeria Plc, a prominent consumer goods manufacturer, has reported significant revenue growth in its unaudited interim financial statements for the nine months…
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South African retailer Pick n Pay reports US$49M loss before tax in H1
SOUTH AFRICA – South African retail giant, Pick n Pay, has released its financial results for the 26 weeks ending on August 27, 2023 highlighting…
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Nigeria’s palm oil imports from Malaysia surge by 65.3% despite weaker naira
NIGERIA – Despite naira devaluation and increased local production, Nigeria’s palm oil imports from Malaysia have surged by 65.3% in the first nine months of…
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Poultry sector in Kenya faces soaring egg prices amid economic challenges
KENYA – The poultry sector in Kenya is currently grappling with a surge in egg prices, causing concern among consumers and traders as they decry…
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Savola Group explores sale of stake in Almarai
SAUDI ARABIA – Savola Group, a Saudi Arabian food processing company, is exploring options to sell its 34.52% stake in Saudi Arabian peer Almarai Co.…