Financials & Economy
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Liberia fisheries sector contributes 12% to GDP
LIBERIA – Liberia’s fisheries sector is now contributing approximately 12% of the country’s Gross Domestic Product (GDP) that comes from agriculture Director General of the…
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PepsiCo AMESA revenues decline 8% in Q2 as group earnings surpass analyst expectation
AMESA – PepsiCo, one of the world’s leading food and beverage companies, has reported an 8% fall in revenue from its Africa, Middle East, and…
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Dairibord reports 28.5 million litres of utilised raw milk, records 40% increase in revenue
ZIMBABWE – Zimbabwean dairy processing giant, Dairibord Zimbabwe Limited (DZL) has reported a total of 28.5 million litres of utilised raw milk in just a…
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RCL Foods warns against another profit slump
SOUTH AFRICA – RCL Foods Ltd, a South African food processor and milling company, has issued another profit slump warning as the company projects its…
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Tongaat Hulett in Mozambique blames cheaper sugar imports on depressing situation in local industry
MOZAMBIQUE – Tongaat Hulett’s unit in Mozambique has revealed that cheaper sugar imports are negatively affecting the country’s local industry by depressing sales volumes amid…