Month: December 2017

Promasidor wins ‘Best Kept Industrial Premises Award’

BUSINESS
Food and beverage firm Promasidor Nigeria Limited (PNL) has won this year’s ‘Best Kept Industrial Premises Award’ also known as ‘Total Compliance Inspection Competition’. The award, which is organized by the Manufacturers Association of Nigeria (MAN), tries to address risk governance deficit in the industrial sector by rewarding best practices towards enabling and maintaining clean and safe work environments in industries. Promasidor Nigeria, clinched the award that gives special recognition to compliance and high standards in the area of health and safety after being assessed and proven certified in the following areas: external and internal premises, utilities, solid waste management, effluent treatment plant, pollution control facilities, personal protective equipment, green-life and ge

Coca-Cola Nigeria trains Internally Displaced Women to start small scale businesses

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Coca-Cola Nigeria Limited said it has provided 50 Internally Displaced (IDP) women with quality personal development and small business appreciation training as part of its 5by20 Women Economic Empowerment Initiative. At a two-day programme tagged ‘IDP Women Value Chain Integration Programme’ held at Sesor Empowerment Foundation training complex in Igbo-Efon, Lekki, Lagos, on the 18th and 19th December 2017, the women were provided with adequate training that will enable them to start their respective small-scale businesses. Speaking on the scheme, Amaka Onyemelukwe, Public Affairs and Communications Manager, Coca-Cola Nigeria said “We believe there is no better investment than women to spur economic growth and foster sustainable development. Women are pillars of the communities we serve a

Nampak year-end result weighed by weak consumer demand, tough operating environment

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nampak Limited, South Africa-based beverage can, bottle and paper producer said that its full year results ending on 30th September were negatively impacted by economic headwinds, leading to decreased consumer spending characterized by trading down, product substitution and downsizing to smaller sizes. The firm which is Africa’s largest manufacturer of cans, bottles, plastic and paper packaging for the food and beverage industry with operations in several African countries including Nigeria and the UK said that revenue for the 2016/2017 financial year fell 2% to R18.8bn ($1.37bn) with Operating profit before capital profit on sale and leaseback of properties growing 14% to R961m ($70m). However, net profit declined 76% to R356m ($26m), caused by the one-off comparison of R1.36bn ($99m) cap

Rights Lawyer/Activist back FOBTOB; calls on AFBTE to meet workers’ demands

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Human rights activist and labour lawyer, Mr. Femi Aborisade, has called on employers in the Food, Beverage and Tobacco sector, Association of Food, Beverage and Tobacco Employers (AFBTE) to accede to the demands of workers in the sector, (Food, Beverage and Tobacco Senior Staff Association) FOBTOB, by granting them the 20% pay rise they have sought and bring to an end the industrial strike. The labour activist said that despite the economic difficulties the country was experiencing, the food, beverage and tobacco industry has witnessed strong growth in both revenue and profits. He cited the most recent financial results of International Breweries Plc (IBPlc) and Nestle Nigeria Plc to bolster his claim that employers in the sector has seen appreciable gains in their businesses and therefore...

Coca-Cola Nigeria trains Internally Displaced Women to start small scale businesses

BUSINESS
Coca-Cola Nigeria Limited said it has provided 50 Internally Displaced (IDP) women with quality personal development and small business appreciation training as part of its 5by20 Women Economic Empowerment Initiative. At a two-day programme tagged ‘IDP Women Value Chain Integration Programme’ held at Sesor Empowerment Foundation training complex in Igbo-Efon, Lekki, Lagos, on the 18th and 19th December 2017, the women were provided with adequate training that will enable them to start their respective small-scale businesses. Speaking on the scheme, Amaka Onyemelukwe, Public Affairs and Communications Manager, Coca-Cola Nigeria said “We believe there is no better investment than women to spur economic growth and foster sustainable development. Women are pillars of the communities we serve a