Guinness Nigeria names Dr. Omobola Johnson as new Board Chair replacing retiring Mr. Babatunde Savage

NIGERIA – The Board of Guinness Nigeria Plc has announced the notice of retirement of its long-serving and indefatigable Board Chair, Mr. Babatunde Savage by June 30, 2021. After leading the board of Diageo’s Nigerian operating unit for over a decade, Mr. Savage will be replaced by the former Minister of Communication & Technology of Nigeria and Guinness Nigeria Board member, Dr. Omobola Johnson, who will assume the role of Board Chair with effect from 1st July 2021. Babatunde Savage was appointed Chair of the Board of Guinness Nigeria in…

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Tanzania Breweries full year profit plummet by 41% impacted by decline in revenue, heightened expenses

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has announced that its full-year profit for the year ended December dropped by 41%, impacted by the COVID-19 pandemic. The brewer’s net profit declined to Tsh. 89.08 billion (US$38.4m) from Tsh. 150.21 billion (US$64.7m) attained in the corresponding period in 2019. According to the maker of Castle Lager, its revenue slightly dropped by 6.2% to Tsh. 961.88 billion (US$414.7m) from Tsh. 1.025 trillion (US$442m). The decline is attributed to slowed down business as on-trade outlets registered reduced foothold due…

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Mondelēz posts 7.9% revenue growth in Q1 as Carlsberg celebrates a “good start to the year”

US – American multinational snack and food company Mondelēz International has reported 7.9% growth in first-quarter net revenue to US$7.24 billion, driven by organic net revenue growth of 3.8%, favourable currency and the impact of its acquisitions of Give & Go and Hu. The owner of Oreo and Cadbury snack brands says that part of the of the growth could also be attributed to the strong growth it experienced in emerging markets. Following a 0.5% decline in 2020, Mondelēz’s Asia, Middle East and Africa business delivered 16.2% growth in net…

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Keroche Breweries launches Kenya’s first localy produced extra strong beer tapping niche market

KENYA – Kenya’s second largest brewer, Keroche Breweries has expanded its beer portfolio to extra strong beer category with launch of Vienna Ice Strong Lager. The new drink has an alcohol strength of 10% and according to the company, it’s the first strongest locally brewed beer in a market dominated by imports. The CEO of the company Tabitha Karanja, indicated that the product was introduced following a two-year survey which revealed the niche market, reports KBC. “For years, consumers have relied on imports in this market and the new brand…

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Angola beverage maker Refriango invests US$10m in new returnable bottle filling line

ANGOLA – Refriango, one of Angola’s leading producers and distributers of soft beverages, energy drinks and alcoholic beverages, has invested US$10m in the installation of a new filling line of returnable bottles for its Tigra beer brand. The investment will enable the beverage maker to increase its filling capacity by 35%, meeting the rising demand of the beer in the country, reports Opais Angola. The introduction of the returnable bottles in the market is in line with the company’s commitment to a circular economy by minimizing waste pollution in the…

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Komari Beverages launches first hard seltzer drink Arada in Ethiopia

ETHIOPIA – Komari Beverages, a newly built US$12m alcohol manufacturing company, has introduced hard seltzer into the Ethiopian market with the launch of new liqueur brand dubbed Arada. According to Detail Ethiopia, Arada is a sugar-free cocktail drink coming in three different flavours i.e., apple, pineapple and lime with a 5% alcohol by volume. It is packaged in an artistic bottle, aimed to mostly attract the youngsters who are by far the biggest consumers of hard seltzers across the globe, looking for an alternative light alcoholic beverage. According to Allied…

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Nestlé posts 7.7% organic growth in Q1 as Heineken remains resilient amid mounting challenges

EUROPE – Nestlé, the world’s biggest company, has recorded 7.7% organic sales growth in the first quarter, driven by a boost in coffee sales and a gradual recovery in out-of-home channels. Heineken, the world’s second largest beer company, has on the other hand, managed to maintain its beer sales at 2020 levels despite of challenges such as alcohol bans and on-trade sale restrictions in a majority of its markets.   According to a statement from Nestlé, the company recorded Q1 net sales rose to CHF 21.09 billion (US$23.02 billion), up…

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SAB introduces new Gin & Tonic drink dubbed Black Crown alongside Shine Club wine

SOUTH AFRICA – South African Breweries has expanded its ready to drink alcohol beverage portfolio, with the launch of Black Crown Gin & Tonic. The drink with an alcohol by volume of 5%, is an easy drinking gin and tonic mixer, that has a crisp citrus aroma, where juniper gives way to refreshing lemon notes. Excitingly announcing its launch, Ricardo Moreira Zone President Africa at Anheuser-Busch InBev, said, “I’d like to take a moment to give a big congratulations to the ZX Ventures Team for their launch of Black Crown…

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Scottish start-up BrewDog wants to become world’s leading beer brand in the next 10 years

UK – Scottish brewing startup and the world’s largesr craft beer company BrewDog is dreaming big, and has its eyes set on becoming the world’s leading beer brand by 2030. Founded in 2007 by James Watt and Martin Dickie, BrewDog has rapidly grown and today boast of being the world’s leading craft brewer the world’s most valuable independent beer brand. Additionally, BrewDog is currently the world’s largest craft beer bar operator, America’s fastest growing brewery, and the world’s largest crowdfunded business. The company is also proud to note that its…

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Rwanda launches new banana alcoholic beverages produced in recently opened US$1.2m factory

RWANDA – Rwanda has commenced operations at its Rwf1.2 billion (US$1.2m), Rwamagana Banana Community Processing Centre, producing banana alcoholic beverages. The factory which set turbines of its machines rolling in the beginning of April, has a production capacity of 28,000 litres per day i.e., 3,500 crates. According to reports by The New Times Rwanda, construction works for the facility started in 2016, but stalled for years. The center was fully constructed and equipped in January 2019 with production starting in 2020. However, they were again met with slight set-back of…

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