Financials & Economy

In East Africa, Mozambique is the second-largest producer and exporter of cashew nuts, following Tanzania. The country’s cashew industry is set to experience a significant increase in production for the 2025 season.

Landed costs consist of transportation (including truck, rail, barge, and ocean) and farm value.

Tiger Brands attributed this growth to its continued focus on delivering value for consumers, executing key strategic priorities, and enhancing efficiency through logistics optimization and value engineering.

The company highlighted that cracker sales were particularly affected by diminished consumer interest, and it plans to reinvigorate its Goldfish brand through increased marketing efforts and promotional activities ahead of the back-to-school season.

PepsiCo India’s food business led revenue growth in 2024, contributing 75% of the company’s consolidated topline.