Despite boasting of strong topline growth, Nestle’s rising cost of sales due to high production costs as a result of global inflation and local FX pressures are pilling pressure on the firm's profitability, BusinessDay analysis shows.
The firm’s revenue growth was 27 percent year on year whil
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
