Financials & Economy
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Zimbabwe’s leading beverage manufacturer Delta Corporation expands soft drink distribution network
ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of beverages in Zimbabwe has received the approval of the Competition and Tariff Commission (CTC) to…
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Astral Foods expects its half year profit to nearly half impaired by COVID-19, high feed costs
SOUTH AFRICA – Astral Foods Limited (Astral), South Africa’s leading integrated poultry producer has warned of a sharp fall in profits for its six months…
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Shoprite soars above COVID-19 hiccups reporting 4.7% rise in half year sales, banking on home market
SOUTH AFRICA – South African retailer Shoprite has eased Africa push to focus on domestic market gains with the supermarket chain owner revealing that it…
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COVID-19 pandemic takes big bite on Namibia Breweries earnings reporting 18% decline in half-year revenue
NAMIBIA – Namibia Breweries Limited’s (NBL), subsidiary of the Ohlthaver & List (O&L) Group has reported a 18% decline in half year revenue for the…
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Nestle Nigeria registers marginal rise in revenue as parent company increases stake in the unit
NIGERIA – Nestle Nigeria has posted a 1.1% growth in revenue for the year 2020, to N287.084 billion (US$753m) from last year’s N287.035 billion (US$752.87m).…