Poultry price increases slow down in South Africa as global supply stabilizes

SOUTH AFRICA - After two years of steep price hikes driven by disease outbreaks the price of chicken in South Africa is beginning to stabilize ...

Posted - 26 Sep, 2024

East Africa braces for rising wheat prices amid Russia's projected poor 2025 harvest

EAST AFRICA - East African nations are facing the likelihood of increased wheat prices in due to a projected sharp decline in Russia's wheat crop ...

Posted - 07 Oct, 2024

EABL surpasses inclusivity, sustainability targets in latest report

EAST AFRICA - East African Breweries PLC EABL has announced that it spent KSh billion US million on businesses owned by youth women and persons ...

Posted - 09 Oct, 2024

Global peanuts market set for steady growth with increasing demand for healthy snacks

WORLD - The global peanuts market is expected to grow at a compound annual growth rate CAGR of during the forecast period from to driven ...

Posted - 17 Oct, 2024

Nestlé announces leadership revamp, lowers sales outlook

SWITZERLAND - Nestl the Swiss food giant has announced significant changes to its senior leadership and operational structure alongside cutting its full-year sales forecast for ...

Posted - 17 Oct, 2024

Pick n Pay's struggles deepen as losses mount, store closures continue

SOUTH AFRICA - South African retail giant Pick n Pay known for its grocery and clothing stores continues to face a challenging period as it ...

Posted - 22 Oct, 2024

Nestlé announces organizational restructuring following CEO departure

SWITZERLAND - Nestl has announced significant changes to its global management structure set to take effect in These moves come in the wake of CEO ...

Posted - 22 Oct, 2024

Libya's Presto reports surge in revenue, users as on-demand shopping gains traction

LIBYA - Libyan grocery delivery app Presto has reported a notable upturn in its Q financial performance revealing a increase in revenue compared to the ...

Posted - 29 Oct, 2024

Brewers grapple with economic pressures as Guinness Nigeria, Nigerian Breweries report surging revenues

NIGERIA - Guinness Nigeria and Nigerian Breweries two of Nigeria's leading beverage giants have announced substantial revenue growth for the third quarter of Yet both ...

Posted - 30 Oct, 2024

Nestlé Côte d'Ivoire rebounds with 52.3% profit increase in H1 2024

C TE D'IVOIRE - Nestl C te d'Ivoire reported a robust recovery for the first half of with net profits rising by compared to the ...

Posted - 05 Nov, 2024

Baladna’s nine-month financial results show robust growth

ALGERIA - Qatari dairy giant Baladna has reported solid financial gains for the nine months ending September marking year-on-year increases in revenue net profit and ...

Posted - 07 Nov, 2024