Nigeria

The appointment places Khalifa at the center of efforts to optimize procurement, strengthen supply chains and drive cost efficiencies across one of Nigeria’s largest listed companies.

Honeywell Flour Mills remained profitable from April to December 2025, but earnings declined compared to the previous year due to lower revenue and higher expenses.

Total assets climbed to N1.39 trillion, up 26 per cent on 2024, driven by growth in current assets, including cash and receivables, as well as strategic reinvestment of earnings.

The downturn was attributed to a steep decline in revenue, a near-collapse in other operating income, high material costs, and a spike in finance costs.

Olam Agri was also named a Top Employer across the African continent for the sixth consecutive year.