LATEST NEWS
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PepsiCo post 4.8% rise in full year revenue for 2020, launches custom made Mountain Dew Ice for India market
US – Leading beverage manufacturer PepsiCo has reported a 4.8% rise in net revenue in its 2020 full-year results, following a strong fourth quarter which…
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Kenya’s coffee earnings nearly double on back of improved production, prices
KENYA – Kenya’s coffee earning for the month of January 2021 reached Ksh. 5 billion, a 94% rise from the Ksh2.6 billion attained in January…
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IFC seeks to issue US$10m financing to Ethiopia’s leading poultry company EthioChicken Group
ETHIOPIA – Ethiopia’s leading producer of day-old-chicks and poultry feed, EthioChicken Group is set to acquire a US$10 million loan from IFC to enable it…
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Molson Coors full-year sales drop 8.7% as on-trade restrictions takes toll on business
US – American beverage company Molson Coors has reported an 8.7% decrease in net sales in its 2020 full-year results, as on-trade restrictions in major…
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Kakuzi’s parent company issues US$6.3m worth of settlements following alleged human rights abuse
KENYA – The Brirtish owner of the vast Kenyan plantation company, Kakuzi Limited has undertaken financial compensation to the 85 victims of alleged rape and…