Financials & Economy
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PepsiCo raises annual revenue forecast, warns of potential price hikes as supply disruptions persist
USA – American multinational snack and beverage company PepsiCo Inc has raised its full-year revenue as lifting of pandemic-induced restrictions boosted demand for its sodas and…
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Innscor Africa records 35% rise in full year revenue following impressive volume growth across all business segments
ZIMBABWE – Innscor Africa Limited, an expansive manufacturing and retail conglomerate in Zimbabwe, has registered a 41% decline in full year profit earnings to ZWL…
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Namibia Breweries in discussion for possible disposal of minority stake in Heineken South Africa to parent company
NAMIBIA – Namibia’s leading beer maker Namibia Breweries Limited (NBL) has received an offer from Heineken NV to acquire its 25% shareholding in Heineken South…
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Botwana retailer Choppies turns to profitability courtesy of restructuring efforts
BOTSWANA – Botswana based retailer, Choppies Enterprises Limited has gone full circle, bouncing back from a loss in the previous financial year to post a…
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Simbisa Brands showcases stellar performance on back of efficiency strategies, eyes more growth
ZIMBABWE – Simbisa Brands, one of Africa’s leading Quick Service Restaurant group, nearly doubled its full year revenue for the period ended June 2021 to…