Rwanda’s Bralirwa reports 3.9% growth in half year revenue to US$51.32m

RWANDA – Bralirwa Plc, the producer of Heineken Beer in Rwanda, reported 3.9% growth in revenues to US$51.32 million (Rwf42.1bn) for the half year period ending 30th June 2019, driven by volume growth. Despite a […]

Rwanda to introduce tax breaks for alcohol brewed from locally-sourced materials

RWANDA – The government of Rwanda is considering to reduce consumption tax on alcoholic drinks brewed from locally sourced raw materials. In a draft law presented to the Parliament by the Minister for Finance and […]

French winery Moet and Chandon partners Rwanda’s Akagera Business Group

RWANDA – French Champagne brand, Moet and Chandon has entered into a long-term partnership with Rwanda’s Wines and More, a division of Akagera Business Group (ABG), reports New Times Rwanda. Through this partnership, ABG has […]

Zimbabwe beer prices surge as beverage manufacturer Delta turns to forex sales

ZIMBABWE – Retail beer prices in Zimbabwe have continued to escalate, growing by more than 100%, as beer manufacturer fault forex shortages and a challenging business environment characterised by diminishing consumer spending. The economic pressure […]

Coca-Cola Amatil confirms Australian SPC fruit unit sale

AUSTRALIA – Coca-Cola Amatil has confirmed that it will be selling its fruit and vegetable processing unit in Australia, SPC, a business that has been making losses over the years. The company which has also […]