Financials & Economy
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Kakuzi posts 62% profit surge for Full Year 2022
KENYA – Listed agribusiness firm Kakuzi Plc, has reported a 62% profit growth for the financial year ended 31st December 2022, representing a profit rise…
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Dangote Sugar Refinery hits new record high of US$875m in FY22 revenue
NIGERIA – Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc (DSR), has hit a revenue milestone of 400 billion naira (US$875 million) in the full…
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AB InBev reports mid-single digits revenue growth in South Africa
AFRICA – Anheuser-Busch InBev (AB InBev), the world’s largest brewer, has reported double-digit top-and-bottom-line growth in South Africa with record-high full-year volumes despite capacity constraints…
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Monster Beverage revenue leaps 13.9% in FY22 boosted by pricing actions and moderating supply chain challenges
US – Energy drinks giant, Monster Beverage Corporation, has posted a revenue surge of 13.9 percent to US$6.31 billion, from US$5.54 billion in 2021 despite…
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Naira shortage, galloping inflation bites Nigerian Breweries’ FY22 profits
NIGERIA – Nigerian Breweries Plc, the largest brewing company in Nigeria, said a shortage of Nigerian naira denominations and galloping inflation has led to an…