Brown-Forman posted a 7% drop in Q4 net sales and a 45% decline in operating income, influenced by tough consumer markets and the absence of past profits. Despite the drop, organic growth stayed slightly positive and CEO Lawson Whiting remains focused on premium labels and growth regions. The company expects headwinds but highlights financial stability and dividend continuity.
Bitcoin has surpassed the $80,000 threshold for the first time, marking a significant moment in cryptocurrency history. This remarkable price increase follows Donald Trump's election victory, suggesting that investors are expecting favorable conditions for digital assets. The development highlights how political events can impact the cryptocurrency market's volatility and investor sentiment.
The Nigeria National Petroleum Company (NNPC) announced a new estimate for petrol pricing from the Dangote Refinery. Payments will transition from USD to naira in October 2024. Revised fees include an increased distribution fee and added Midstream and Gas Infrastructure Fund fee. Price variations will depend on location, ranging from ₦950 in Lagos to ₦1,019 in Borno State.
Safaricom, a major telecom provider in Kenya, has decided to reverse its recent call charge policy following significant public backlash and legal challenges. The swift response to consumer discontent highlights the power of consumer advocacy in influencing corporate decisions. The move aims to restore customer trust and satisfaction.
The Energy and Petroleum Regulatory Authority (EPRA) has adjusted fuel prices for August 2024. Petrol, diesel, and kerosene prices have increased marginally due to rising global costs and the removal of subsidies. These changes will be effective from August 15 to September 14, 2024, impacting consumers and businesses alike.
The Contacts page of Tharagay African News offers various ways for readers and interested parties to reach out. It provides the postal and email addresses of the owner, Elisa Mirembe. It also includes a detailed contact form that can be used for sending direct queries, feedback, or suggestions. This page is essential for maintaining communication between the news outlet and its audience.
