Beverages – African & Middle East News
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EABL net profit jumps 49% to US$140.7M in FY2026
Strong spirits sales, lower financing costs and disciplined cost management boosted EABL’s earnings while strengthening the brewer’s balance sheet.
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Nestlé Nigeria reports 28% profit growth in H1 2026
Nestlé Nigeria recorded its seventh consecutive profitable quarter while strengthening its balance sheet and advancing plans for a new water business joint venture.
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Rwanda destroys 470,000 litres of ethanol as crackdown on illicit alcohol intensifies
Rwanda has intensified efforts against illegal alcohol production, destroying seized ethanol and expanding enforcement measures across the country’s beverage sector.
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World Spirits Alliance CEO Helen Medina departs
The World Spirits Alliance has begun searching for a new chief executive following Helen Medina’s departure after helping establish the organisation’s global presence.
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Nigerian Breweries reports 5% rise in first-half profit as finance costs decline sharply
Nigerian Breweries strengthened its balance sheet, eliminated debt and recorded higher revenue as premium brands and malt products supported growth.