Financials & Economy
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East African Breweries low annual profit impacts performance at Nairobi Stock Exchange
KENYA – A KES 3.3 billion (US$22.89 million) drop in the annual profits of East African Breweries (EABL) has come back to haunt the region’s…
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JBS denotes another quarterly loss as CEO gives promising prospects
USA – JBS, one of the world’s leading meat processing companies, has booked a loss in the year’s second quarter dented by lower sales from…
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Ingredion’s ability to adjust production to meet shifting consumer demand pays off handsomely in Q2
USA – Ingredion, an American food and beverage ingredient provider, has recorded robust profit growth from its operations in the second quarter of fiscal 2023,…
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Tyson Foods shuts down 4 facilities as products headwinds persists
US – Tyson Foods, the world’s second-largest processor and marketer of chicken, beef, and pork has announced its plans to shut down four chicken processing…
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Asahi Group creates global procurement subsidiary as growth slows in second quarter of the year
JAPAN – Japanese beverage holding company, Asahi Group, has established Asahi Global Procurement Pte. Ltd., a wholly-owned subsidiary in Singapore, aimed at enhancing the Group’s…