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AFRICAN & MIDDLE EAST NEWS
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Shoprite’s half year total sales rise despite alcohol sales plunging by 21.8%
SOUTH AFRICA – Africa’s largest retailer Shoprite, has indicated they are going a head with plans of exiting the Nigerian market with the sale of…
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Ghana chocolate export earnings rose by 16.6% in 2019 reaching US$13.4m
GHANA – Ghana, one of the world’s largest producer of cocoa earned US$13.4m from export of chocolate and other food preparation containing cocoa in 2019.…
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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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Guinness Nigeria registers loss in half year period despite 6% rise in revenue
NIGERIA – Diageo’s Nigerian operating unit, Guinness Nigeria Plc has reported a 6% rise in half-year revenue in the period ended December 31, 2020 from…