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Beverages – African & Middle East News
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SBM buys 33% stake in Africa Retail Market in US$4.2M deal
Castel-backed SBM strengthens distribution foothold as Morocco’s grocery sector sees aggressive store expansion.
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Cameroon raises excise duties on wines, spirits under 2026 Finance Law
Imported champagne faces CFA100/cl tax as government targets growing alcohol imports for extra revenue.
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Almarai appoints Fawaz Al-Jasser as new CEO
Long-serving executive replaces Abdullah Albader as Q3 net profit rises 7.5% to SR613 million.
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Ghana loses US$600M yearly on imported fruit juices
Nation urged to replace sugar-heavy imports with natural juices to save forex, curb obesity, and create 60,000 jobs.
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Diageo launches low-ABV alcoholic iced tea RTD across South Africa
Gordon’s enters the RTD tea category in South Africa through a national retail rollout created with rooibos iced tea maker BOS Brands.