Financials & Economy
-
South Africa’s RFG Holdings weathers COVID-19 storm reporting 46% rise in earnings
SOUTH AFRICA – RFG Holding, South Africa-based producer of fresh, frozen and long-life convenience meal solutions, has reported a double-digit growth in earnings in the…
-
Tiger Brands to accelerate innovation, production through launch of US$7m fund targeting food, beverage start-ups
SOUTH AFRICA – South African food manufacturing giant, Tiger Brands is seeking to launch a venture capital fund with an initial capital allocation of about…
-
High feed costs, poultry imports slash Astral Foods half year earnings by 37%
SOUTH AFRICA – Astral Foods, integrated poultry producer in South Africa has reported a 7% rise in half year revenue for the period ended March,…
-
Jumia yet to turn to profitability, reports 6.4% decline in Q1 revenue
AFRICA – The New York Stock Exchange listed Africa-focused eCommerce company, Jumia has posted first-quarter revenues of €27.4 million (US$33m), a 6.4% drop from the…
-
Dangote Sugar records 41.5% growth in revenue catapulted by surge in commodity price
NIGERIA – Dangote Sugar Refinery, one of Nigeria’s leading sugar processors has reported a 41.5% surge in first quarter (Q1) revenue, for the period ended…