Tiger Brands Ltd. (TBS) said first-half profit declined 52 percent after South Africa’s largest food company wrote down its investment in Nigeria’s Dangote Flour Mills Plc (DANGFLOU) less than two years after buying the stake. Earnings dropped to 631.9 million rand ($60 million) in the six months to March 31, […]

* Expects Dangote to break even by 2016 * Reports small rise in H1 profit * Shares up nearly 2 percent (Adds CEO comment, shares)   South Africa’s biggest consumer foods maker, Tiger Brands, will mothball some mills at its Nigerian unit in an attempt to turn around the money-losing […]

Press Release Determined to sustain its stake in the agricultural sector as a leading lender and support its continued growth, Sterling Bank has supported the second edition of Ogun State Investment Forum. The Forum holding in the state capital, Abeokuta at June 12 Cultural Centre, between May 21 and 22, […]