How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Challenges ahead for AB InBev as it debuts in Nigeria

Anheuser-Busch InBev (AB InBev) is set to make its debut on Tuesday 11th October as a unified company, after closing on the deal to acquire SABMiller a day earlier. There will be More »

Nestle buys Egypt’s Instant Coffee firm

Nestlé SA announced that it has acquired Egyptian Coffee firm Caravan Marketing Company SAE, which makes instant coffee brand Bonjorno, among others.

The terms of the transaction was not disclosed.

Caravan was started in 2003 as a marketing and distribution company and has since grown to include its own brands.

In the last five years, Nestlé has made significant investments in manufacturing and distribution facilities in Egypt at nearly one billion Egyptian pounds ($53m).

NBC builds youth Centre for Irete community in Owerri

As part of its commitment to youth and community empowerment, non-alcoholic beverage manufacturing giant, Nigerian Bottling Company Limited (NBC), has donated a Youth Centre to Irete community, in Owerri, Imo State. The handing-over ceremony of the newly constructed NBC/Irete Youth Centre took place at Umuoyo Village, Irete, Owerri, Imo State on January 8, 2017.

Sorghum Malting plant operators seek government intervention to prevent industry collapse

Stakeholders in the sorghum sector are finding it challenging to remain in business as low import tariff on cheap barley malt, malt extract, glucose and maltose syrups is pushing the industry to near collapse.

The operators in the sector are seeking government’s intervention to halt the slide by re-imposing a ban on barley malt imports, or at worst, raising the tariff which would help slow the wave of imports and prevent the local industry from total collapse.

FG assures manufacturers of access to FX

President Muhammadu Buhari have assured manufacturers in the country of access to foreign exchange in order to head-off job losses. The president gave the directive to the Central Bank of Nigeria (CBN) to prioritize foreign exchange availability in favour of manufacturers.

No fake Amstel Malta in the market – NB

Nigerian Breweries Plc, said on Thursday that a coordinated and well-funded syndicate is trying to run down its famous premium low sugar malt drink, Amstel Malta. For a few months now, the company has been trying to find out the source of a sustained campaign by a group of individuals to smear its premium malt brand.

In August 2016, Nigerian Breweries re-launched Amstel Malta in a new Credentials Campaign tagged “Why Add More”, which was meant to reinforce the brand’s positioning in the marketplace as the Premium Malt drink of choice, with an original formulation that contains Less Sugar and is enhanced with essential vitamins and minerals.

South African wine region hit by wildfire

South African authorities say raging wildfires in the country’s wine region near Cape Town have destroyed part of the country’s oldest wine estates, while some mountain slopes above Cape Town’s exclusive beach enclave of Llandudno were also affected.

Cadbury Nigeria appoints new Managing Director

Cadbury Nigeria Plc, announced on Tuesday the appointment of Mr. Muhammad Amir Shamsi as its new Managing Director effective 1 February 2017. Mr. Shamsi takes over from Mr. Roy Naaman who resigned effective 31st January 2017.

Mr. Shamsi joined Mondelez International, the parent company of Cadbury Nigeria Plc, as a Marketing Director of its biscuit business in Pakistan in June 2009. From there, he moved up the ranks to become Head of New Categories, Gum & Candy at Kraft Foods, a Mondelez business in West Africa from 2012 to 2013. He became the Marketing Director of Kraft Foods in West Africa from October 2013 to March 2016. From April 2016 to January 2017, he was in charge of Mondelez Innovation kids Wholesome, Global Biscuits in East Hanover, USA.

FG earmarks N20bn for Export Expansion Grant backlog

The Federal Government has appropriated N20bn as tax credit to pay part of the N300bn outstanding claims of the Export Expansion Grant (EEG) scheme.

The effort is part of the government’s plan to discourage imports and promote exports by making available incentives to manufacturers to export.

No tariff increase on food items, luxury goods as earlier reported – FG

The Federal Ministry of Finance, on Friday, clarified that import duties on luxury goods and food items have not been raised, as was earlier reported.

In a statement issued by the Director of Information, Salisu Dambatta, the ministry said that contrary to some media reports that tariffs on such items have been raised, the government had no such plans at this critical period.

Dambatta further said that instead of increasing import duties, what the government did was to reduce most of the items based on the fiscal measures for 2016.

Fire guts condensed section of FrieslandCampina WAMCO factory

Fire broke out on Friday at the condensed factory premises of FrieslandCampina WAMCO in Ogba Industrial Estate, Ikeja, Lagos State.

However, the fire was quickly contained by the rapid response of the Lagos State Fire Service with support from FrieslandCampina WAMCO safety team and other nearby corporate entities.