Financials & Economy
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Depreciation of Naira threatens survival of Nigeria’s largest breweries
NIGERIA- High finance costs are eating into the earnings of Nigeria’s largest brewing companies threatening their ability to meet their financial obligations and by extension…
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Fonterra reports impressive FY23 results with US$952M profit
NEW ZEALAND- Fonterra, the prominent New Zealand dairy cooperative, has unveiled its financial results for the fiscal year ending on July 31, 2023, showcasing robust…
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EU backs US$10.64M project to address food security in Northern Ghana
GHANA – The European Union is supporting a €10 million (US$10.64M) project aimed at enhancing food security in the Northern Region of Ghana. Other stakeholders…
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Astral Foods expects to post a loss this year due to loadshedding and bird flu outbreak
SOUTH AFRICA – Astral Foods, a leading poultry producer in South Africa, expects to record losses during this financial year due to input costs exceeding…
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EABL’s employee share values drop by as stock price declines
KENYA- The East African Breweries Limited (EABL), a leading brewer in East Africa, has reported a significant decrease in the value of shares held under…