Heineken NV (HEIA), the world’s third-biggest brewer, reported first-quarter sales that beat analyst estimates, as demand for its namesake beer surged in markets including Nigeria and Brazil. Revenue gained 3.4 percent, compared with the 2.9 percent median estimate of 12 analysts surveyed by Bloomberg News, Amsterdam-based Heineken said. Beer volume […]
Author: InvestAdvocate
MTN Users Rise 1.1% as Nigeria Counters South Africa Slide
MTN Group Ltd. (MTN), Africa’s largest wireless operator, said subscriber numbers across its 22 markets rose 1.1 percent in the first quarter after slight growth in Nigeria countered a decline in customers in South Africa. Users in Nigeria, MTN’s biggest market, rose “marginally” to 57.2 million in the quarter ended […]
IMF says sub-Saharan Africa faces heightened risk of capital outflows
Investment in infrastructure and natural resources will continue to underpin economic activity in sub-Saharan Africa, although capital outflows sparked by tighter global financial conditions pose a risk to growth, the IMF said on Thursday. Inflation looks set to remain contained in most countries, it said. “The main downside risk to […]
