NIGERIA – Champion Breweries, the Nigerian based company engaged in brewing business has reported a 21% drop in profits for the first nine months of 2018 to US$330,578.52. According to a Beverage Industry News report, profit decline accelerated in the third quarter by 40% to US$110,192.84, from US$181,818.19 in the previous year. The drop in…
UK – United Kingdom Chancellor Phillip Hammond has announced that duty tax on wine will increase while that on beer, spirits and cider would remain the same in line with the rate of inflation, effective 1 February 2019. Duties on beer and spirits will remain at the same level as last year in a bid…
NIGERIA - Guinness Nigeria Plc has reported 14% rise in revenue to US$395.07 million from US$347.93 million recorded in the 2017 financial year despite the continued decline of the beer market, reports Beverage Industry News. The beer market declined by 14% in volume during the year, driven by Ready-to-drink (RTD), stout and lager, which declined…
USA – AB InBev, a multinational drink and brewing holdings company, has reported a 11% loss in shares in third quarter sales results 2018, with 50% dividend cuts as it pays down 2016 SABMiller acquisition. The world’s largest brewer Anheuser-Busch InBev has cut its dividend in half and reported weak third-quarter profits hit by slower…
WORLD – A study involving the University of East Anglia (UEA), has warned that the increasing widespread and severe drought and heat may cause substantial decreases in barley yields worldwide, affecting the supply used to make beer. According to the study, the notion of how big business will contribute to the fight against climate change…
UK - AB InBev, a multinational drink and brewing holdings company, is opening a new automated warehouse with space to store 23 million pints of beer at its largest UK brewery in Magor, South Wales. According to the company, the 80,000 cubic metre warehouse will enable AB InBev to meet growing UK demand for beer…
KENYA - Diageo’s local operator Kenya Breweries Limited has unveiled about 300 youth and women graduates from its vocational training and entrepreneurship programme dubbed Heshima. Heshima is a local training initiative aimed at equipping youth and women from across Kenya with entrepreneurial skills at the same time tackling the issue of unemployment among target groups.…
NIGERIA - Journalists and media personalities from the industry were rewarded and celebrated for their outstanding journalism and media excellence at the concluded Golden Pen Awards organised by Nigerian Breweries in Lagos, reports Beverage Industry News. The awards seek to enhance professionalism, objective reportage of events in Nigeria and promotion of fine ethics within the…
SOUTH AFRICA - Poison City Brewing which launched the first cannabis-infused lager beer in South Africa has received funding from Durban-based investors, including RCL Foods CEO Miles Dally and Spar CEO Graham O’Connor, Business Day reports. According to the brewer’s co-owner Andre Schubert, it started selling its lager containing hemp- made with cannabis sativa as…
TANZANIA - Tanzania Breweries Ltd, the country’s largest brewing company has reported 16% decline in profit to US$28.25 million for the six months ended June 2018 due to challenging business environment, reports Daily News Tanzania. Revenue dropped by 3% to US$213.53 million impacted by heavy rains in the months of April and May. TBL’s first…
