Heineken-backed Nigerian Breweries PLC will issue one new extra share to its shareholders for every four held by them, according to a regulatory filing seen by PREMIUM TIMES, its first bonus issue in …
Rising inflation drove Nigerians’ consumption expenditure to N57.08tn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that was spent in the corresponding …
Cement manufacturer East African Portland Cement PLC has resumed manufacturing at its Athi River plant after the replacement of a faulty kiln shell that had caused frequent downtimes in the …
Berlag Investment Limited, an Indigenous company with a global reach, has unveiled Bel frites, the first indigenous pre-fried frozen French fries in the country. The product was unveiled at the …
BUA Foods Plc, a subsidiary of BUA Group, has announced the resignation of Isyaku Rabiu as executive director of the company. The development is coming less than one year after …
German manufacturer Stihl has injected Sh500milion into its new Nairobi hub in a bid to support small-scale farmers acquire farming equipment in Kenya and East Africa at large. The manufacturer of …
Runaway inflation, new taxes and depreciation of the shilling have hit hard manufacturers of fast-moving consumer goods, who are now warning of reduced profitability which will lead to job losses. …
Johnson & Johnson, an American pharmaceutical company, says it will stop selling its talc-based baby powder globally in 2023. The company said talc will be replaced by cornstarch. The move …
The management of Sarrai Group of Uganda has started a test run of the mills at the debt-ridden Mumias Sugar factory after the rehabilitation and maintenance of the run-down equipment. …
Italian multinational oil and gas company, Eni has commenced production of the first Kenyan vegetable oil for bio-refineries at its oilseed collection and pressing plant in Makueni. The agrihub will …