Financials & Economy
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Purina PetCare leads Nestle’s organic growth in Q1 2023 results
SWITZERLAND- Nestle recently released its quarter one 2023 financial results, with Purina PetCare emerging as the largest contributor to its organic growth, owing to good…
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Rwanda scraps VAT, sets new retail prices for maize and rice commodities
RWANDA – The Rwandese Ministry of Trade and Commerce has announced a scrap of Value Added Tax (VAT) on essential foods amid increased food prices.…
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National Foods forecasts a 17% surge in revenues in the financial year 2023
ZIMBABWE – Zimbabwe’s leading food processor, National Foods Holdings, is projected to achieve a 17% growth in revenue to hit US$ 300 million year on…
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Morocco scraps VAT on agricultural inputs to halt inflation
MOROCCO – The Moroccan government adopted a decree canceling the value-added tax (VAT) on agriculture inputs in a bid to lower food prices. According to…
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Adani Wilmar records a 14% jump in volume, pushing revenue to cross US$ 6.7M in FY23
INDIA – Adani Wilmar, a leading packaged food company in India has recorded a year-on-year (YoY) volume growth of 14% in the last fiscal, helping…