Ethiopia drafts bill to amend excise tax law on alcoholic and soft beverages

ETHIOPIA – Ethiopia’s Ministry of Finance has presented a bill to the Council of Ministers to amend the nation’s excise tax law in an effort to standardise taxation of alcoholic products, soft beverages and other […]

AB InBev pumps US$339m into its Nigerian subsidiary International Breweries

NIGERIA – Anheuser-Busch InBev (AB InBev) the parent company of International breweries has injected N123bn (US$339m) into the breweries operations, committing to participate fully in the new capital raising exercise. This follows the approval by […]

Italian beverage company Campari Group in talks to buy French distributor

ITALY – Italian drinks company, Campari Group has entered into exclusive negotiations to acquire its current French distributor Baron Philippe de Rothschild France Distribution. The distributor is currently fully owned by Baron Philippe de Rothschild. […]

Anheuser-Busch fully acquires Craft Brew Alliance to expand product portfolio

USA – Anheuser-Busch, the America subsidiary of Belgium-based Anheuser-Busch InBev (AB InBeV) has announced that it will acquire the outstanding 68.8% stake in Craft Brew Alliance (CBA) for about US$321 million. Anheuser-Busch currently holds 31.2% […]

Diageo brews new Guinness barrel-aged beer at the Open Gate Brewery in the US

USA – Guinness, the iconic beer brand owned by Diageo, has launched its second barrel-aged beer, the Guinness Stock Ale Aged in Bulleit Bourbon Barrels, produced at the new Guinness Open Gate Brewery in Baltimore, USA. […]

Private equity firms to invest US$785m in Asia’s food and beverage industry

ASIA – Global private equity firms have launched a series of funds that will see the companies invest upto US$785 million in the food and beverage industry across various markets in Asia. Bahrain-based alternative asset […]

Int’l Breweries to raise US$458m through ‘rights issue’ to offset staggering losses and mounting debt

NIGERIA – International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev is planning to raise N165bn (US$457.7m) in a share sale in order to reduce the mounting debt and reverse losses. This follows […]

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to boost local malt production

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help […]