Financials & Economy
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FMN records strong revenue growth of 34% in Q2 2023/24 despite challenging market dynamics
NIGERIA – Flour Mills of Nigeria Plc, one of the largest foods and agro-allied groups has experienced continued strong revenue growth of 34% (Year on…
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Agthia Group reports 10.9% revenue growth despite headwinds in Egypt
UAE – Agthia Group, a leading UAE food and beverage company based in Abu Dhabi, has announced a 10.9% revenue increase to Dh3.27 billion (US$882.9million)…
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MGP Ingredients appoints David Bratcher CEO, releases Q3 earnings
USA – MGP Ingredients, a US-based specialty food ingredient producer, announced the appointment of a new CEO, David Bratcher, effective from January 2024, during its…
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Africa Food and Agribusiness Sector’s worth to reach US$1 trillion by 2030: AfDB
AFRICA – The President of the African Development Bank, Dr. Akinwumi Adesina, shared an ambitious vision for Africa’s food and agribusiness sector, estimating its worth…
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First Mills records revenue growth, but net profit declines
SAUDI ARABIA – First Mills, a leading milling company in Saudi Arabia, saw its revenue increase by 4.5% during the first nine months of the…