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…

French equity fund acquires minority stake in Mozambican miller, Merec

MOZAMBIQUE - Amethis Fund II, Paris-based private equity fund has acquired a minority equity stake in Mozambique’s largest integrated wheat and maize miller, Merec Industries. In partnership with Proparco and Kibo Fund II, a funding arm of Mauritius based Kibo Capital Partners, Amethis seeks to reinforce Merec’s dominant position in Mozambique and expansion into the…

Grocery retailer Choppies expands into Mozambique, Namibia

SOUTH AFRICA - The Botswana based grocery retailer, Choppies Enterprises Ltd has started operations in Mozambique and Namibia, as it looks forward to expand its footprint into the rest of Africa. According to Business Day, the retailer said it was gaining market share in South Africa where it has witnessed significant improvement especially in the…

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,…

Afgri invests in Mozambican poultry business

SOUTH AFRICA - Agricultural investment company Afgri is re-entering the poultry business through its subsidiary Philafrica Foods in a 50-50 joint venture in northern Mozambique. The recently launched Philafrica has earmarked up to R1.5bn for investment in agriculture and food processing in several African countries over the next 18 to 24 months. Its joint-venture partner…