Nampak finalizes sale of its glass business to Isanti Glass 1

SOUTH AFRICA – Africa’s largest diversified packaging manufacturer, Nampak has announced the completion of sale of its glass packaging business. In September 2019, Nampak announced its intention to sell Nampak Glass – which manufactures beer, […]

Zambian Breweries’ profit surge 27% on increased volume sales

ZAMBIA – In line with guidance from the Zambia government to combat the spread of coronavirus  (COVID-19), Zambian Breweries Plc has set a new milestone by becoming the first listed company on the Lusaka Securities […]

Asahi Group’s acquisition of AB InBev’s Carlton & United Breweries gets approval

AUSTRALIA – The Australian Competition and Consumer Commission (ACCC) has cleared the sale of acquisition of Anheuser-Busch InBev (AB InBev)-owned Carlton & United Breweries by Asahi Group for AUD16 billion ( ̴ US$11billion). The deal […]

Diageo pledges 8m bottles of sanitizer for frontline healthcare workers

UK – Diageo has pledged to enable the creation of more than 8 million bottles of hand sanitizer to help protect frontline healthcare workers in the fight against the Coronavirus (COVID-19). To achieve this, the […]

International Breweries raises US$452.9m in a fully subscribed Rights Issue

NIGERIA – International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev has achieved 100% subscription in its just-concluded Rights Issue, which was described as the largest in Nigeria. The brewery giant was able […]

AB InBev launches Budweiser Nitro Infused Golden Lager in the US

USA – Budweiser, the iconic beer brand owned by AB InBev has launched its first golden lager infused with nitrogen gas known as Budweiser Nitro Gold with an alcohol by volume of 5%. According to […]

AB InBev partners with Comet Bio to pilot nutrition from brewers’ grain

USA – Anheuser- Busch InBev (AB InBev) has selected Comet Bio, a manufacturer of healthy and sustainable ingredients that has developed a novel process to extract nutrition from food system waste, to pilot technology on […]

AB InBev reports full year results as Corona virus outbreak cuts revenue by US$285m

BELGIUM – The world’s largest brewer, Anheuser-Busch InBev (AB InBev) has released its full year 2019 financial results which show a 4.3% increase in revenue benefiting from growth in volume. AB InBev reported a 3.1% […]