NIGERIA – Despite the economic downturn that has made most companies to declare less than impressive results, International Breweries Plc has recorded an improvement in its earnings in this half year compare with it performance last year.
KENYA – Three distribution firms embroiled in a legal battle with Dutch brewer, Heineken, have asked the court to strike out defendants’ amended statements and instead award them Sh5.3 billion in damages.
SOUTH AFRICA – South African wine exports are projected to grow 13% in the next decade, according to the latest Bureau for Food and Agricultural Policy baseline report, which provides a snapshot of the country’s wine industry and the broader agricultural sector.
NIGERIA – A Fast Moving Consumer Goods (FMCG) company in Nigeria, Denna Rossi Limited has introduced Clue Vitamin Beverage to the market to meet up the high demand of the increasingly health-conscious society.
ETHIOPIA – The 40-year-old Addis Abeba Bottle & Glass Company has completed an expansion project worth half a billion birr.
RWANDA – Bralirwa posted a 6.2 per cent growth in net revenue during the first half of 2016, the company’s financial statement released yesterday indicates.
KENYA – Beer maker East African Breweries Limited (EABL) has halved its Sh20.2 billion ($200 million) loan owed to parent company Diageo.
SOUTH AFRICA – Shareholders in unlisted liquor group KWV Holdings will not taste a rich special dividend anytime soon.
TANZANIA – Tanzania Breweries Ltd have launched a new, limited edition 100% malt beer known as Ndovu Red Malt, an extentsion of its Ndovu Special Malt
SOUTH AFRICA – Major rival Heineken on Wednesday hit SABMiller and Anheuser-Busch InBev (AB InBev) with a slew of conditions it wants the Competition Tribunal to impose on the $108bn merger.