Financials & Economy
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Flour Mills of Nigeria continues to exhibit stellar performance reporting 31% revenue growth in Q3
NIGERIA – Flour Mills of Nigeria (FMN), one of Nigeria’s leading foods and agro-allied groups has reported a 31% revenue growth in the third quarter…
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Massmart reports 7.7% decline is full year sales despite slight improvement in fourth quarter
SOUTH AFRICA – Massmart, Walmart owned South African retailer has reported that its group sales for the 52 weeks ended December 27 fell 7.7% to…
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Sasini bounces back to profitability defying COVID-19 disruptions
KENYA – Sasini, Kenyan agricultural firm dealing largely in tea, coffee, macadamia and avocado production and export has reported a 48.32% rise in full year…
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Canadian online grocer Goodfood reports 62% rise in Q1 revenues
CANADA – Goodfood Market Corp, a leading online grocery company in Canada, has announced strong financial results for the first quarter ended November 30, 2020,…
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Egypt’s export of food industries marginally grew by 1% in 11 months of 2020 earning US$3.2 billion
EGYPT – Egypt’s annual exports of food industries increased 1% during the first 11 months of 2020, recording US$3.2 billion, according to head of the…