AFRICAN & MIDDLE EAST NEWS
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Kenyan industrial conglomerate Devki Group drops out of Mumias Sugar leasing plan, dampening miller’s revival plan
KENYA – Devki Group of Companies, industrial manufacturing giant in Kenya, has withdrawn its bid to lease the troubled Mumias Sugar Company. The Founder and…
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Uganda Breweries Limited appoints three new Non-Executive Directors to its board
UGANDA – Uganda Breweries Limited (UBL), subsidiary of the East African Breweries Limited (EABL) has announced the appointment of Jane Karuku, the recently named Group…
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Processor of Kenya’s premium tea brand Kericho Gold gets backing from European financiers Si, IFU, Proparco
KENYA – Global Tea & Commodities, one of the fastest growing and fully integrated tea, coffee and macadamia producing companies with operations in Kenya and…
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Rising demand of fish products boost Oceana Group’s bottom line performance recording 5% jump in profit
SOUTH AFRICA – Africa’s largest fishing company, Oceana Group, has continued its growth trajectory started three years ago, reporting a rise in profit before tax…
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Honeywell Flour Mills boasts of 73% rise in full year profit attributed to operational efficiency
NIGERIA – Leading flour milling company in Nigeria, Honeywell Flour Mills Plc has recorded an all-time high revenue of N109.5 billion (US$266.8m) in the year…