Financials & Economy
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Kakuzi’s diversification efforts bear fruits as it posts 75% rise in interim profits
KENYA – Kenyan fresh food producer and exporter Kakuzi Plc, has reported a 75% rise in half year profit to Ksh 341.3m(US$2.85m) from Ksh 194.6m…
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Olam H1 profit up 1.8% to S$429.1m
SINGAPORE— Olam Group has reported a net profit of US$429.1 million for the first half of the fiscal year ended June 2022, up 1.8 per…
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Carlsberg registers 27% rise in H1 revenue, pledges net zero carbon emission by 2040 in entire supply chain
DENMARK – Danish multinational brewer Carlsberg has posted what it describes as a “strong set of results” registering a 27% growth in the first half…
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Nigerian Breweries names Ben Wessels as new Finance Director
NIGERIA – Nigerian Breweries Plc (NB Plc), subsidiary of Heineken International, has announced that the company’s Finance Director, Mr. Rob Kleinjan will be completing his…
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High cost of operation eats into Tanzania Breweries’ second quarter earnings
TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev, has reported a slight increase in second quarter revenue from Tsh 260.1 billion (US$111.5m)…