AFREEQUE
URGENT
◆FRN advances 50 km in eastern DR Congo◆Armed group burns 11 family members to death in Zamfara◆US aircraft strikes Huda cargo ship in Gulf of Oman◆FRN takes control of Bulambika in South Kivu◆Houthi attack targets Riyadh and damages an Aramco tower◆Around 20 bodies found on Lompoul beach in Senegal◆Sudanese RSF general defects to the army◆Nigeria beat Japan 2-1 to win U17 Women's World Cup◆Iran lifts restrictions on the range of its missiles◆FRN takes control of Kalonge and Bitale in South Kivu
◆FRN advances 50 km in eastern DR Congo◆Armed group burns 11 family members to death in Zamfara◆US aircraft strikes Huda cargo ship in Gulf of Oman◆FRN takes control of Bulambika in South Kivu◆Houthi attack targets Riyadh and damages an Aramco tower◆Around 20 bodies found on Lompoul beach in Senegal◆Sudanese RSF general defects to the army◆Nigeria beat Japan 2-1 to win U17 Women's World Cup◆Iran lifts restrictions on the range of its missiles◆FRN takes control of Kalonge and Bitale in South Kivu
Football
🇿🇦 South AfricaBusiness

Omnia increases half-year profit by 25%

By , based on Business Day (South Africa)

Omnia increases half-year profit by 25%Illustrative image · Vlad Chețan · Pexels · Licence Pexels

Omnia Holdings recorded a 2% rise in half-year revenue and a 25% increase in reported earnings per share. The South African group attributed the growth to better cost control and the performance of its agricultural and mining businesses, according to its chief executive Seelan Gobalsamy.

Omnia Holdings recorded a 25% increase in earnings per share excluding exceptional items in the first half, driven by better cost control and improved performance in its agricultural and mining businesses, according to Business Day. The South African group specialising in chemicals and explosives also saw its half-year revenue rise by 2%.

Omnia Holdings chief executive Seelan Gobalsamy presented the results in an interview with Business Day TV.

Share this article

Related stories

Uganda central bank keeps policy rate at 12%

Bank of Uganda keeps its policy rate at 12% despite expected inflation rising over the next 12 months. Governor Michael Atingi-Ego cites higher global oil prices and a weaker shilling, following the 9 November monetary policy meeting, according to Daily Monitor.

🇺🇬 Uganda · Source: Daily Monitor ·

Nigerian agricultural project identifies 89 issues for correction

Nigeria’s Agriculture Ministry identified 89 issues in the implementation manuals for the AGROW project, a $500 million agricultural value chain development programme. The corrections concern grants, governance and eligibility criteria, among other areas, according to director Emmanuel Akogun.

🇳🇬 Nigeria · Source: Daily Post ·

Kenya Pipeline targets 68 billion shillings in revenue by 2030

Kenya Pipeline Company is targeting annual revenue of 68 billion shillings by the 2030 financial year through regional expansion and diversification. The company is focusing in particular on the Eldoret-Kampala-Kigali oil corridor, fibre infrastructure and liquefied petroleum gas storage, according to acting chief executive Pius Mwendwa.

🇰🇪 Kenya · Source: Nile Post ·

Potatoes reach 160 dinars per kilo in Algeria

Potatoes are currently selling for between 100 and 160 dinars per kilogram on Algerian markets where they remain available, against a ceiling of 90 dinars set for consumers. Producers in Aflou, in Laghouat wilaya, attribute the shortage to reduced cultivated areas, rising costs and weather conditions, according to Ennahar TV.

🇩🇿 Algeria · Source: Maghreb Emergent ·

🇿🇦 Latest from South Africa

Map: South AfricaNine Zimbabweans arrested in South Africa over Russia-Ukraine warNine Zimbabwean nationals have been arrested in South Africa, suspected of wanting to join the Russia-Ukraine war. They appeared before two Gauteng courts and remain detained, accused of violating South African law on foreign military assistance, according to National Prosecuting Authority spokeswoman Magaboke Mohlatlole.All South Africa news →

Business in Southern Africa

Workshop trains journalists on wool and mohair industryWorkshop trains journalists on wool and mohair industryA two-day workshop is to train journalists in Lesotho on covering the wool and mohair industry, particularly production, quality and markets. The training begins in Maseru this week and is organised by the Wool and Mohair Value Chain Competitiveness Project, according to The Reporter.All Business news →

The week in Africa

This week’s highlights

  1. ANC falls to 30.76% in South African local elections🇿🇦 South Africa
  2. COP31 in Antalya opens with financing of African agriculture🇹🇷 Türkiye
  3. Trump meets Qatar's emir to try to end Iran war🇺🇸 United States
  4. Washington and Moscow discuss Lukoil's 30% stake in Cameroonian gas🇨🇲 Cameroon
  5. CAF Super Cup: USM Alger beat Sundowns 3-1🇩🇿 Algeria
All of this week’s highlights →

Africa in your inbox

Be the first to get our letter in English: the essentials from every region of the continent, free.

Free · one email a week · unsubscribe in one click. Your address is only used to send you the letter, never sold. Personal data

← Back to the news