Financials & Economy
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MeatCo reports 86% meat production increment
NAMIBIA – The Namibian Meat Corporation, MeatCo has recorded a 86% increase by slaughtering 16,200 cattle in the first quarter of 2023 bouncing back from…
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Kenyan tea exports decline 26% amid conflicts in Sudan
KENYA – The Kenyan Tea Board Directorate has reported a 26% slump in Kenya’s tea export in the first quarter of the year, amid the…
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Corby Spirit and Wine acquires 90% of Ace Beverage Group shares
CANADA – Canadian alcohol manufacturing and distribution company, Corby Spirit and Wine, has acquired 90% of the outstanding shares of Ace Beverage Group, for US$111.21…
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Uganda sets 25% tariff on imported refined sugar
UGANDA – Uganda Revenue Authority (URA) has announced a new 25% tariff set on imported refined sugars amid the abuse of the import duty remission…
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Bubs Australia reports tumbling revenue in China market
AUSTRALIA – Global infant formula maker, Bubs Australia, has revealed that its China market revenue has tumbled in a recent trading update following the ousting…