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Financials & Economy
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Global snack giants cite inflation, economic uncertainty as top reasons for poor snack sales
Executives in the snacking industry have expressed a bleak outlook, showing little hope for improvement in the near future.
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Africa savoury snacks market projected to reach US$1.7B by 2030
This market is experiencing significant growth due to evolving consumer preferences for convenient, flavourful, and healthier snack options.
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BUA Foods’ Q1 profit soars 124% on strong staple demand
The company’s revenue also climbed 24% year-on-year to N442.1 billion (US$363.6 million), buoyed by strong performances in flour, rice, and pasta segments.
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Domty’s OGM approves US$78,000 dividends for 2024
The company will pay a dividend of EGP 0.85 (US$0.017) per share to eligible shareholders.
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Kellanova reports US$304M net income, 10% decline in adjusted EPS for Q1 2025
Kellanova posted mixed results for its fiscal 2025 first quarter, stating that the company is currently focused on navigating a volatile global economic climate as it moves closer to being acquired by Mars Inc.