Africa

South Africa's Pick n Pay Warns Of 50% Earnings Drop

South African supermarket chain Pick n Pay flagged a more than 50% fall in first-half earnings on Tuesday, weighed down by constraints on alcohol, tobacco...

Shoprite Shares Rise On Higher Sales, Nigeria Divestment Plan

Shares in South Africa's Shoprite Holdings shot up over 11% on Monday after it reported higher total sales and said it was considering the sale of all of,...

AB InBev Sees Signs Of Recovery In Beer Sales

Anheuser-Busch InBev suffered a sharp slide in earnings in the second quarter and took a $2.5 billion (€2.13 billion) impairment charge, reflecting ri...

How Africa Risks Reeling From A Health Crisis To A Food Crisis

In Nigeria's Benue state, the food basket of the country, Mercy Yialase sits in front of her idle rice mill. Demand is high across the nation, bu...

Coronavirus Upends Global Food Supply Chains In Latest Economic Shock

In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed...

X5 To Start Directly Sourcing Flowers From Africa

Russian food retailer X5 Retail Group has announced that it will start importing flower supplies directly from Ethiopia through RVI, the company's sub...

Uganda Sprays Locust Swarms To Protect Coffee Crop, Livestock

Uganda has started to spray swarms of desert locusts that invaded over the weekend, posing a major threat to livestock and key crops such as coffee....