Inspiring Africa's Sustainable Business Growth
KENYA – Bboxx, a platform providing access to essential products and services, and Unilever, one of the largest consumer goods companies, have partnered through Sunlight, a leading detergent brand, to accelerate the provision of clean energy access for households across Kenya. Despite significant efforts, nearly 40% of the rural population in Kenya doesn’t have access to electricity. Access to clean…
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NIGERIA – Unilever Nigeria has released its audited financial statements for the year ended 31 December 2019, as it declared a turnover of N60.5 billion (US$155.4m) in the year under review. This represents a decline compared to N92.89 billion (US$238.6m) recorded for the corresponding year, 2018. The results show the company also recorded a loss after tax of N7.42 billion (US$19.06m)…
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UK – Consumer goods manufacturer, Unilever has announced that it will contribute a total of €600 million (US$649m) through cash flow relief as well as donations to help in the fight against the Coronavirus pandemic. The package includes a €100 million (US$108m) contribution through donations of soap, sanitiser, bleach and food to the company’s multiple stakeholders including consumers, communities, customers, suppliers…
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GHANA – Consumer goods giant, Unilever Ghana Plc has reported weaker revenue in the third quarter of 2019 compared to same period last year. According to the firm’s financial statements, revenue generated in 2019 quarter three went down to US$60.33 million (GH¢342.8 million) from US$78.91 million (GH¢448.4 million) realized during the same period in 2018. The loss according to Unilever,…
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NIGERIA – British-Dutch transnational consumer goods company, Unilever, has said it will eliminate over 100,000 tonnes of plastic packaging by 2025. Unilever, which produces brands including Dove, Ben & Jerry’s, Lipton and Omo also revrealed that it intended to collect and process more plastic packaging than it sells during the same period. In a statement to newsrooms the company said,…
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KENYA – UK headquartered manufacturer–Unilever Overseas Holdings, a transnational consumer goods company, has gotten a major boost in its quest to expand its portfolio in Kenya and the East Africa region. This follows the approval by the Competition Authority of Kenya (CAK) to acquire a majority stake (90%) in a subsidiary of Tanzania’s Chemi and Cotex Industries Limited. The Competition…
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