Financials & Economy
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Honeywell Flour Mills boasts of 73% rise in full year profit attributed to operational efficiency
NIGERIA – Leading flour milling company in Nigeria, Honeywell Flour Mills Plc has recorded an all-time high revenue of N109.5 billion (US$266.8m) in the year…
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Nampak turns to profitability courtesy of business restructuring move
SOUTH AFRICA – Nampak, Africa’s largest diversified packaging manufacturer, has recorded impressive results in the six months ended March 31, despite the ongoing restrictions on…
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Illovo Sugar Malawi registers marginal rise in revenue to US$93.26m on back of improved domestic sales
MALAWI – Illovo Sugar Malawi, the Malawian subsidiary of pan-African sugarcane grower and sugar producer, Illovo Sugar Africa, has reported a rise in Net profit…
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Massmart shifts to bigger, upgraded Distribution Center enhancing service delivery
SOUTH AFRICA – South African retailer Massmart, has built a new state-of-the-art Distribution Centre (DC) in Brackenfell, Cape Town, featuring an eye-catching curved and seamless…
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Tate & Lyle’s profits jump 6% buoyed by strong growth in Food & Beverage Solutions
UK – UK -based food and beverage ingredient supplier Tate & Lyle has recorded a 6% jump in profit before tax for the year ending…