News from African stock market traded companies
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May 16, 2023 –
How has Innscor Africa Limited managed to sustain growth amidst turbulent economic conditions? Innscor Africa Limited has exhibited resilience through a strategy of sustaining volume growth and maximising capacity utilisation across its portfolio. The company has pursued an expansionary drive in some of its businesses like Prodairy, while others like …
Articles | Zimbabwe | Industrial holding
May 16, 2023 –
What is the outlook for the future? The trading environment is expected to remain complex and challenging in the foreseeable future, but the Group remains optimistic on the trajectory of the economy with growth potentially driven by the key agricultural and mining sectors. Medium-term, the Group’s drive to grow and …
Articles | Zimbabwe | Agri-industrial
May 16, 2023 –
What impact did the depreciation of the local currency have on the gold production results? The exchange rate as determined by the official Auction was 687.28 to one USD at the beginning of the quarter and had moved to 929.86 to the US unit by the end of the quarter. …
Articles | Zimbabwe | Agricultural
May 10, 2023 –
What are some of the important changes to UBA’s executive team? In August, following the expiration of executive tenures and a lifetime of exceptional service to our Group, the Board announced the retirement of the erstwhile CEO and Group Managing Director and other members of the Executive Team. In line …
Articles | Nigeria | Banking
Dairibord Holdings: A Look at the Q12023 Interim Report and the Company’s Strategies to Boost Growth
May 3, 2023 –
What initiatives has the company taken in order to create sustainable growth moving forward? The company will leverage initiatives in raw milk production growth, its diversified product portfolio, effective pricing models, and route-to-market strategies for sustained growth. Cost containment and cost reduction through improved productivity and efficiencies are also key …
Articles | Zimbabwe | Food
May 3, 2023 –
How does Dangote Cement’s Q1 2023 earnings per share compare to Q1 2022? Dangote Cement’s earnings per share increased from ₦6.18 in Q1 2022 to ₦6.44 in Q1 2023, indicating improved profitability for the company.
Articles | Nigeria | Building & Associated
May 2, 2023 –
Is the outlook for Proplastics Limited generally positive or negative? The outlook for Proplastics Limited is generally positive. There is expected to be improved demand, stability in raw material supply and capacity to convert orders in time. The main challenge is the power challenge which affects the production throughput and …
Articles | Zimbabwe | Industrial holding
Apr 28, 2023 –
What could be responsible for the significant loss recorded by Nigerian Breweries Plc in Q1 2023? Several factors could be responsible for the significant loss recorded by Nigerian Breweries Plc in Q1 2023, including the impact of the COVID-19 pandemic on the company’s operations, rising inflation, and the devaluation of …
Articles | Nigeria | Beverages
Apr 28, 2023 –
What is BAT Group’s focus on ESG priorities? The global BAT Group’s sustainability agenda reflects its commitment to reducing the health impact of its products and includes addressing climate change, managing natural resources, waste reduction, and supporting sustainable farmer livelihoods.
Articles | Zimbabwe | Agricultural