AFRICAN & MIDDLE EAST NEWS

African consumer brands could gain a stronger route to regional expansion as Kenafric Group combines investment capital with manufacturing and distribution expertise to address one of the continent’s biggest business growth challenges.

Prof Msofe said construction was 70% complete and that the market was expected to improve banana and avocado farmers’ access to reliable markets.

Five grower representative positions are up for election following months of preparations and a court suspension over disputed sugarcane catchment boundaries.

Lower finance expenses supported stronger earnings, while the Board approved an additional N7 per share interim dividend, bringing total declared dividends to N16 per share.

The brewer returned to quarterly profitability for the first time since 2022, despite lower third-quarter volumes and net revenue.