International Breweries reports loss despite strong revenue boost in the first half

NIGERIA - International Breweries Plc, a subsidiary of the world’s largest brewer AB InBev has reported a loss of US$7.76m in the first half of 2018 from US$6.09mn in the first quarter. Revenue grew to US$146.88mn and the quarter was marked by various product launches aimed at expanding its portfolio. The brewer launched its premium…

AB InBev to build new brewery in Mozambique, Nigerian brewery to open this month

MOZAMBIQUE- Anheuser-Busch InBev (AB InBev), the world’s largest brewing company has said it is investing in a new brewery in Maputo, Mozambique whose construction is set to start second-half of 2019. While the sum of the transaction was not disclosed, the Belgian based brewer said the new facility will have a capacity of 2-million hectoliters…

AB InBev launches 100+ accelerator to fund and support local entrepreneurs

BELGIUM - Anheuser-Busch InBev, a multinational beverage and brewing holdings company, has launched the 100+ Accelerator with the aim of mobilizing the world’s brightest minds to solve some of the most pressing global sustainability issues. According to AB InBev, it invites academics, entrepreneurs, scientists and technologists to apply the 100+ accelerator, as it looks for…

Grupo Lala appoints former AB InBev executive Mauricio Leyva Arboleda as new CEO

MEXICO - Mexico’s dairy company Grupo Lala has named former AB InBev executive Mauricio Leyva Arboleda as its new CEO, replacing current chief executive Scot Rank as of 1 September 2018. According to FoodBev, Mauricio Leyva worked for more than 13 years at AB InBev, was president of its middle Americas zone and has been…

Nigerian Breweries establishes new US$275.2m ‘Commercial Paper’ programme

NIGERIA - Nigerian Breweries Plc, a subsidiary of Heineken N.V. Group has set up a US$275.2 million Commercial Paper (CP) programme to complement other sources of working capital, while diversifying its funding sources to include non-bank investors, the Guardian has reported. The programme would be issued in tranches or series with specified amounts, dates, discounted…

AB InBev announces organisational and leadership restructuring with growth focus

BELGIUM - AB InBev has announced that it is restructuring its executive and organisational structure to bring more focus to the leadership level as a way of driving growth in the region. The brewer said it was simplifying its organisational structure by shifting from 9 to 6 management zones with an emphasis on driving growth…

AB InBev’s Eagle Lager launches ‘Lima Nawa’ initiative to boost farmer productivity

NAMIBIA - Eagle Lager, a subsidiary of AB InBev has unveiled an initiative dubbed 'Lima Nawa' in the northern part of Namibia that aims at improving farmer productivity and provide a market for their yields. The world brewer is seeking to promote production and availability of the Eagle Lager in the local market while using…

AB InBev’s Delta records 40% growth in revenue led by higher lager sales

ZIMBABWE - Delta Corp Ltd, Zimbabwe’s integrated beverage company has announced that revenue grew 40% mainly on increased lager beer sales in the first quarter, according to Bloomberg. Lager beer volumes increased 56% compared to the same period in the previous year while volumes for sparkling beverages (soda) rose 23% reflecting sales of drinks like…

AB InBev’s Accra Brewery commits to recycling PET bottles

GHANA - Accra Brewery Limited (ABL), Anheuser-Busch (AB) InBev’s subsidiary has announced plans to focus more on solutions for the recycling of its Polyethylene Terephthalate (PET) bottles, reported Ghana News Agency (GNA). This follows a successful separation between the brewery and Voltic Ghana, a manufacturer of natural mineral water brand. Before the separation of the…

AB InBev’s Nigerian Subsidiary Int’l Breweries restructures its board

NIGERIA - International Breweries Plc (IB Plc), the company unit of the world’s biggest brewer AB InBev has announced major restructuring of its Board of Directors after completing a three-way merger with Intafact Beverages Limited and the Pabod Breweries Limited. The Board has appointed Igwe Nnaemeka Alfred Achebe as its new chairman to succeed Sunday…