Nigeria approves alcohol, tobacco taxes, to start June 2018

NIGERIA - The Federal government has signed-off on the implementation of a new tariff regime on alcoholic beverages and tobacco products as it seeks to raise government’s fiscal revenues. President Muhammadu Buhari has approved an amendment to the excise tariff rates for alcoholic beverages and tobacco products, which are slated to go into effect on…

Campari Group buys premium cognac brand Bisquit from Distell

SOUTH AFRICA - Campari Group has agreed to buy Bisquit Dubouche et Cie (Bisquit) from South Africa’s Distell for € 52.5 million to enhance focus on core portfolio to further growth ambitions. The transaction involved acquisition of all the shares in Bisquit, as well as existing stock, maturing inventory, the trademarks as well as production…

EABL building Sh300m new spirits line on high demand

KENYA - East African Breweries Limited (EABL) is constructing a Sh300 million spirits line at its Ruaraka headquarters in a bid to meet the growing demand for the brand of beverages. The regional brewer’s new line in Nairobi will have the capacity to produce 22.5 million litres of product annually, enough to meet the double-digit…

Edrington seals partnership to explore Nigeria spirits market

NIGERIA - The Spirit market in Nigeria is set to witness fervent competition as an international spirits company based in Scotland, Edrington, has partnered Premium Spirits Nigeria (PSN) to expand the premium spirits consumer market in Nigeria. PSN is a business division of Nigeria’s leading bottler and distributor, Nigerian Bottling Company Limited, set up to…

Campari Canada invests US$5m for renovation of its Ontario distillery

CANADA - Campari Canada has announced an investment of US$5 million for the renovation and redevelopment of their Grimsby, Ontario distillery for Forty Creek Canadian Whisky. The investment is another milestone in the European company's strategy to make Canada a priority market for investment and innovation. According to the company, it has invested well over…

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…

Beam Suntory reports 3.9% rise in sales led by bourbon brands

USA – US spirits major Beam Suntory has posted net sales of US$6.47 billion in its third-quarter results, up 3.9% from the corresponding period last year. The company has said that strong performance by its bourbon brands had led to ‘even faster growth’ for its Jim Beam Black, while also seeing ‘excellent initial results’ for its recently launched…

Revenue growth muted in SA for brewing and beverage group Distell

SOUTH AFRICA - Multinational brewing and beverage group Distell on Friday said during the first three months of the new financial year ending June 2018, it recorded “muted revenue growth”, compared to the corresponding period in the previous year. The company said their South African operations recorded overall revenue growth in an environment of “near…

African Spirits opens new whisky line at Thika factory

KENYA - Tycoon businessman Humphrey Kariuki has started production of whisky at his Thika-based alcohol manufacturing plant. Africa Spirits Limited (ASL) Thursday unveiled Glen Rock, a blended whisky brand targeting the growing mid-level market consumers. The manufacturer said the whisky has been formulated under a joint venture with European-based Master Blender. ASL head of marketing…