Financials & Economy
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Telcar Cocoa struggles to gain momentum in 2022-23 despite recent share acquisition
CAMEROON- Telcar Cocoa, a prominent player in the cocoa market and local dealer for American giant Cargill, has experienced a sluggish performance during the 2022-23…
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Libstar announces overhaul plans amidst profit slump, considers asset sales
SOUTH AFRICA – Libstar, a prominent South African Consumer Packaged Goods (CPG) company, has unveiled a comprehensive overhaul strategy in response to a 45% drop…
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Chinese dairy giant Yili reports US$10.24B in half year operating income
CHINA -Yili, a prominent player in the dairy industry, has released its 2023 H1 report revealing a 4.31% year-on-year surge in total operating income, reaching…
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SA’s beer consumption declines as flavoured alcoholic beverages gain popularity
SOUTH AFRICA – South Africa’s beer industry is facing a notable downturn in consumption, with a growing preference for flavoured alcoholic beverages (FABs) among consumers.…
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EABL defends Diageo’s shares acquisition in senate amidst fraud allegations
KENYA – East African Breweries Plc (EABL) has faced the Senate Trade Committee to address concerns surrounding its recent acquisition of a 14.97 percent stake…