AFRICAN & MIDDLE EAST NEWS
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Heineken South Africa announces retirement of current CEO, yet to find successor
SOUTH AFRICA – Heineken South Africa has announced the retirement of its Managing Director, Gerrit van Loo, almost three years after he took over the…
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Jumia yet to turn to profitability, reports 6.4% decline in Q1 revenue
AFRICA – The New York Stock Exchange listed Africa-focused eCommerce company, Jumia has posted first-quarter revenues of €27.4 million (US$33m), a 6.4% drop from the…
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East Africa’s rice sector slated for growth following collaboration among industry players
EAST AFRICA – Rice demand in East Africa has been on the rise in the recent years, triggered by changing consumer preferences, urbanization, diminishing productivity…
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Fordmax commences rehabilitation of solar powered drinking water supply
NIGERIA – Fordmax, a water company, has begun the rehabilitation of a drinking water supply system in Enugu State in south-eastern Nigeria which will be…
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Turkish retailer BIM sells 35% minority stake in Morocco’s unit to Blue Investment Holding
MOROCCO – BIM, a Turkish retail chain company, has announced the sale of 35% minority shares of the capital of its subsidiary in Morocco, Bim…