Financials & Economy
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Dwindling capacity of slaughter-ready animals in Namibia take huge bite in Meatco’s earnings
NAMIBIA – Meat Corporation (Meatco), a state-owned meat processing and marketing entity in Namibia, has reported a loss of N$118 million (US$8.21m) for the year…
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South African sugar manufacturing giants RCL Foods, Tongaat Hulett expect rise in full year earnings
SOUTH AFRICA – RCL Foods, South African consumer goods and milling company expects its profit for the year ended June 2021, to exponentially rise by…
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Seed Co International posts bumper profits following stellar performance in all its markets
AFRICA – Seed Co International Limited (SCIL), has recorded a 26% spike in revenue to US$88.5 million in the year ended March 2021, compared to…
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Flour Mills of Nigeria reports triple digit growth in profit despite economic headwinds
NIGERIA – Flour Mills of Nigeria (FMN) Plc, one of Nigeria’s leading food and agro-allied companies, has achieved impressive top-line and bottom-line growth in the…
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Zimbabwe’s African Distillers Limited reports rise in sales volume triggered by surge in spirits demand
ZIMBABWE – African Distillers Limited, manufacturer, distributor and marketer of branded spirits, ciders and wines in the Zimbabwean market, has reported sales volume growth of…