Olam profit grows despite 10.5% drop in revenue for confectionery and beverage

SINGAPORE - The global agribusiness company Olam International, has reported profit growth in the 2018 first quarter results despite 10.5% drop in revenue for its confectionery and beverage segments on both lower volumes and prices. Olam reported US$274.18 million in EBITDA lower than that of Q1 2017 which stood at US$296.9 million. During the quarter…

Coca-Cola inaugurates new hot-fill juice line at the Nairobi plant

KENYA - Nairobi Bottlers, the Kenyan soft drinks bottling company under the newly formed Coca-Cola Beverages Africa (CCBA) has launched a new processing line at its recently opened juice plant. The line which has a production capacity of 28,000 bottles per hour will be used to process fresh juices, iced teas and sports drinks and…

Distell restructuring and merger with Capevin to be completed end-May

SOUTH AFRICA - Distell’s merger with Capevin and planned restructuring of its corporate structure is set to be completed at the end of May, reported BusinessDay citing information from analyst. A Sens announcement issued revealed that Capevin, which holds a 29% stake in Distell, will be suspended from JSE on May 30, and its shareholders…

Case against Coca-Cola and Ambo Water over an illegal merger remanded

ETHIOPIA - Case by the Trade Competition & Consumer Protection Authority against bottlers of Coca-Cola and Ambo Mineral Water for an allegedly illegal merger has re-emerged, the tribunal sending the case back to the lower court for further proceedings, reported AddisFortune. The case, dating 16 June 2017 implicated that the two companies, Ambo Mineral Water…

Heineken takes minority stake to acquire Belize’s Belikin beer

USA - The world’s second largest brewer after AB InBev, Heineken has taken a minority stake in the Belize’s Belikin beer maker, Belize Brewing Company (BBC) as it seeks expansion into the Central American market. Heineken entered a distribution partnership with BBC to import and distribute its brands including Heineken, Amstel and Red Stripe in…

Ghana develops new global standard for sustainable cocoa

GHANA - Ghana has developed a new global standard that will be used to measure cocoa quality level internationally, raising its cocoa pricing image on the international market, as reported by  GNA. The new standard which ensures sustainable cocoa production has been adopted by International Standards Organisation (ISO), an international standard-setting body to be used…

Carlsberg’s Nancy Cruickshank quits board for digital role

DENMARK - Carlsberg’s member of Supervisory Board, Nancy Cruickshank has stepped down from the board to take up a new role as Senior Vice President Digital Business Transformation effective 8 May 2018. Carlsberg said following the announcement, they have initiated a search for new member of the board. Nancy joined the European brewer’s board in…

Carlsberg launches new alcohol-free beer brand to meet demand

DENMARK - Carlsberg A/S, the European global brewer has unveiled Birell, a new alcohol-free beer brand available in two styles that is, Pilsner Lager and Belgian Wit driven by strong consumer demand. According to Carlsberg, although the brand has no alcohol, it portrays the same characteristics desired by consumers including body, mouthfeel, foam and great…

Coca-Cola’s Voltic Ghana scales competition with new US$6.5m water plant

GHANA - Voltic Ghana, a subsidiary of Coca-Cola Beverages Africa (CCBA) has built a new water bottling plant worth US$6.5 million at Akwadum with the capacity to produce 24,000 bottles of purified natural water every hour, according to GNA. The new plant exhibits a fully automated packaging line increasing its capacity in the bottled water…

AB InBev’s revenue soars 4.7% boosted by emerging markets in Q1

BELGIUM - Anheuser-Busch InBev SA/NV, the world’s biggest brewing company has reported a 4.7% increase in revenue to US$13.07 billion in the first quarter of the year boosted by strong growth in emerging markets such as Mexico, South Africa and China. The company saw a rise in combined turnover for its Budweiser, Stella Artois and…