Financials & Economy
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African Distillers Zimbabwe appoints Stanley Muchenje as Managing Director
ZIMBABWE – Zimbabwean wine and spirits manufacturer, African Distillers Limited (Afdis) has announced the appointment of Stanley Muchenje as the Managing Director of the company…
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Food inflation rate in Nigeria swell to 15 year high impacted by border closure, COVID-19
NIGERIA – Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in the country since October 2005. The…
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Zimbabwe’s leading beverage manufacturer Delta Corporation expands soft drink distribution network
ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of beverages in Zimbabwe has received the approval of the Competition and Tariff Commission (CTC) to…
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Astral Foods expects its half year profit to nearly half impaired by COVID-19, high feed costs
SOUTH AFRICA – Astral Foods Limited (Astral), South Africa’s leading integrated poultry producer has warned of a sharp fall in profits for its six months…
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Shoprite soars above COVID-19 hiccups reporting 4.7% rise in half year sales, banking on home market
SOUTH AFRICA – South African retailer Shoprite has eased Africa push to focus on domestic market gains with the supermarket chain owner revealing that it…