AB InBev announces new North America President and CEO 

USA – AB InBev has announced that Michel Doukeris will be appointed president of its North America business and CEO of Anheuser-Busch. Michel will succeed João Castro Neves, who decided to step down from the role as president to pursue other opportunities after a ‘long and distinguished career’ with AB InBev. Doukeris joined AB InBev…

Carlsberg invests in beer flavours and aromas project

DENMARK – Danish brewer Carlsberg has announced a multi-million-dollar investment in a research study with the purpose of measuring and sensing flavors and aromas in beer, called The Beer Fingerprinting Project. The Beer Fingerprinting Project is a development of a sensor platform that holds enormous potential for broader research and facilitate new start-ups in the…

AFDIS registers double-digit growth, eyes plant upgrade

ZIMBABWE -
 Spirits and wine maker, African Distillers Limited (Afdis), says it will embark on plant and equipment upgrade to enhance production as the firm maintains a double-digit growth in volumes. AFDIS managing director Cecil Gombera, told shareholders at the group’s annual general meeting yesterday that the firm was looking at ways of cushioning itself…

Tanzania Breweries touts effective water management

TANZANIA – Private sector has a key role in ensuring that it utilises and manages water efficiently to ensure that the resource is available to all, the AB-INBEV President for East Africa Roberto Jarrin has said. Jarrin who is also the Tanzania Breweries Limited (TBL) Group Managing Director was speaking at the 10th Economic Update…

Nigerian Breweries records profit, as revenues rise 14%

NIGERIA - Nigerian Breweries Plc has announced an interim dividend of N7.997 billion (US$22m) for the nine months ended September 30, 2017. The dividend, which translates to N1.00 per share, was recommended following improved performance recorded by the leading brewing firm for the nine months. Nigerian Breweries posted revenue of N254.7 billion (US$708m) in 2017,…

Heineken to double beer production in Ivory Coast to meet greater thirst

IVORY COAST - Heineken said it aims to double its beer production in Ivory Coast by next year as it bids to compete with French company Castel in a booming market. Beer consumption in Africa’s fastest growing economy has increased since the end of a decade-long political crisis in 2011, and Castel dominates sales with…

Delta Corp urges Govt to adopt new excise duty regime

ZIMBABWE – Zimbabwe’s largest beverages manufacturer Delta Corporation has proposed that Government adopts a new excise duty regime on alcoholic beverages premised on absolute alcohol content as opposed to the type of alcoholic beverage, ahead of the 2018 National Budget. In its 2018 National Budget Submission to the Ministry of Finance and Economic Development seen…

AB InBev profits surge 50% as SABMiller boosts operations

BELGIUM – The world’s leading brewery, AB InBev has reported a robust growth in its nine-month financials for the period ending September 30 2017, boosted by the former SABMiller operations in key emerging markets and premiumisation efforts. The brewer, which has been incorporating SABMiller’s business in its operations following its acquisition of its number two…