Financials & Economy
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Simbisa Brands showcases stellar performance recording triple digit rise in revenue
ZIMBABWE – Simbisa Brands, Zimbabwe’s largest fast-food restaurant operator has reported a 101% rise in the group’s half year revenue for the period ended 31…
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General Mills Q3 profits jump 27% buoyed by elevated at-home food demand
US – American multinational food company General Mills has posted a 27% rise in third-quarter operating profit, as it continues to benefit from elevated at-home…
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Zimbabwe’s National Foods reports 25% rise in volume on back of reduced inflation
ZIMBABWE – National Foods, one of Zimbabwe’s largest food manufacturer has reported a 766% rise in half year revenue to ZWL 12.682 billion (US$35m) in…
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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…