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Financials & Economy
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Zeenab Foods redeems US$2.65M in commercial paper demonstrating strong liquidity, investor confidence
The successful CP redemption follows a similar early settlement of N1.6 billion (US$1.23 million) under Series 1 (Tranche A) in September 2024
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Africa food ingredients market size projected to reach US$3B by 2034
Multinational corporations are gradually establishing local partnerships in the region to meet local demand and navigate the complex regulatory environment.
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GrainCorp H1 profit jumps 17% on strong east coast grain volumes
Revenue for the six months ending March 31 jumped 21% to A$4.09 billion (US$2.61 billion)
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US Consumer Price Index for baked foods, cereal records 0.7% decrease in April
The index for all food consumed at home decreased by 0.3%.
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Kenya’s NCPB storage revenue declines by 6% in 2024, KNBS
This drop comes despite a significant increase in leased storage capacity, from 14.1 million to 23.9 million 50-kg bags