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Financials & Economy
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Quantum Foods culls 420,000 birds due to avian flu outbreak, warns of potential egg supply crunch
SOUTH AFRICA – South Africa’s largest egg producer, Quantum Foods has reduced the population of chicken by 420,000 at one of its farms in the…
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AB InBev blames social media ‘misinformation’ for boycott against Bud Light, reports 13.2% Q1 revenue growth
BELGIUM – Belgian multinational drink and brewing company, AB InBev, has attributed the decline in the sales of beer in the US to the Bud…
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Kenya proposes 10% excise duty increase on fish imports to raise revenue
KENYA – The Kenyan Government has proposed a 10% excise duty on fish imports as part of the revenue-raising measures to finance the 2023/2024 budget;…
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Tanzania reports 43% annual meat exports increment as of April 2023
TANZANIA – Tanzanian Ministry of Livestock and Fisheries has reported a 41.3% increment in the country’s annual meat exports to US$51.895 million, as of April…
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Astral Foods warns investors of profit crash due to soaring cost of production
SOUTH AFRICA – South Africa’s largest poultry producer, Astral Foods, has warned its investors of a potential slip in profits that could even be worse…