Financials & Economy
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Dairy product imports drop 20% as Government import substitution policy bears fruits
ZIMBABWE – Dairy products imports in Zimbabwe have dropped by 20% to US$11.8 million from January to June this year against last year’s US$14.8 million…
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Kenya set to export fish, fish products to EU markets
KENYA – The Kakamega fish processing factory is set to begin exporting fish and fish products to the European Union market following receiving a certificate…
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Nigerian Breweries banks on price hike to enable it to maneuver through economic challenges
NIGERIA – Nigerian alcoholic lovers have been notified to brace themselves for a price hike effective August 10, 2023, by the country’s largest brewing company,…
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Diageo posts double-digit net sales growth in Fiscal Year 2023
UK – British multinational alcoholic beverage company, Diageo, has reported a 10.7% rise in net sales for the fiscal year 2023 to £17.1 billion (US$…
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Mondelēz reports 9.5% net revenue surge in Q2, raises full-year organic net revenue guidance
USA – Mondelēz International, one of the world’s largest snacks companies, has reported a 17% net revenue growth in Q2 2023 financial results compared to…