Heineken records 5.37% rise in revenue in full 2017 year results

NETHERLANDS - Heineken has recorded 5.37% increase in revenue to US$27.4 billion and a 7.1% rise in profits to US$2.75 billion in its 2017 full year financial report. The company attributed its overall growth to various new ventures it undertook in key developing markets and numerous expansions in 2017. Heineken expanded its production capacity in…

Heineken receives US$49.8 million Forex Access in expansion plans

ETHIOPIA- Heineken has received US$49.8 million Forex Access following the central bank’s instruction to commercial banks to pay the company for its expansion project. The government through the office of the Vice Governor, Yohannes Ayalew had ordered presidents from various banks to make a commitment concerning the same to save a degrading forex and more…

Heineken launches partnership towards ending epidemics in Africa

AFRICA – The Global Fund, in conjunction with brewing giant Heineken have launched a new public-private partnership, joining forces to further advance the goal of ending HIV, tuberculosis and malaria epidemics in Africa. According to Heineken, it will lend its expertise in the areas of logistics and communications to support the Global Fund in better…

Heineken lays foundation stone for new Mozambique brewery

MOZAMBIQUE – The World’s number 2 brewery Heineken has laid the foundation stone to set up its first brewery in Mozambique, as it boosts its investments in Africa and other developing economies to cushion stagnant or slow growth in developed economies. This new brewery, valued at US$100 million is located in the province of Maputo,…

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…

Heineken unveils its first Africa inspired fashion collection

NIGERIA - Global beer brand Heineken has launched its first Africa inspired fashion collection, in collaboration with Africa’s emerging design talent, Lulu Mutuli and Azra Walji. The collections were unveiled on the catwalk of the closing show at Lagos Fashion and Design Week. It is an initiative in Heineken’s ‘Open Design Explorations’, which is global…

Emerging markets drive Heineken’s growth in third quarter results

HOLLAND – Leading Dutch brewing giant Heineken has reported a 2.5% growth in beer volume in the latest quarter, with growth in emerging markets offsetting lower volume in Europe. According to the update, the Asia Pacific, Americas and Africa, Middle East & Eastern Europe were important drivers to the growth of the company’s volume, with…

Efficiencies lifts Nigerian Breweries nine-month results

NIGERIA - Nigerian Breweries Plc (“NB”), the country’s largest brewer said on Thursday that sales for the nine-months to September ending grew 14% to N255bn ($700m). In the same period in 2016, the firm recorded revenue of N223bn ($614m). The company which is a unit of Amsterdam-based Heineken N.V. said that changing market dynamics resulted…