Financials & Economy
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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).…
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Sea Harvest stays afloat registering 10% rise in full year revenue
SOUTH AFRICA – Sea Harvest, a South African seafood and fisheries group proved to be resilient in the face of a worldwide pandemic, attaining a…
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Zimbabwe processed food export show case stellar performance attaining 17.9% growth
ZIMBABWE – Zimbabwe’s export of processed foods registered a bullish performance in 2020 despite the heavy strain from the Covid-19 pandemic, attaining a 17.9% rise…
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Dangote Sugar yearly revenue surge by 33%, showcasing resilient performance
NIGERIA – Dangote Sugar Refinery (DSR) has reported a 33% rise in group revenue for the financial year of 2020 to N214.30bn (US$562.39m) from N161.09bn…