Financials & Economy
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Guinness Nigeria reports 29% growth in full-year revenue, driving profit growth
NIGERIA – Guinness Nigeria, a subsidiary of Diageo, has registered exemplary bottom-line performance in the full year ended June 2022, driven by increase in revenue…
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Nampak Zimbabwe records 4% growth in revenue in interim period
ZIMBABWE – Paper and packaging giant, Nampak Zimbabwe Limited has reported an increase in its revenue in the Q3 of 2022 despite tough conditions. Revenue…
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Reliance eyes growth in fast-moving consumer goods segment through brand acquisitions
INDIA – Indian multinational conglomerate company, Reliance (RIL) is planning to grow its Fast-Moving Consumer Goods (FMCG) sector by potentially purchasing a few FMCG companies.…
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Shoprite closes financial year 2022 on high registering growth in all segments
SOUTH AFRICA – Giant retailer Shoprite, has booked a 9.6% growth in group sales to R184.1 billion (US$10.6 billion) in the 52 weeks to 3…
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AB InBev posts impressive Q2 results steered by key markets
BELGIUM – Belgian multinational brewer, AB InBev, has delivered top-line growth of 11.3% driven by revenue management initiatives, ongoing premiumization, and expansion of the beer…