Monthly Archives: July 2018

Coca-Cola to sell alcohol spirits in Kenya

Crown Beverages Limited, a subsidiary of Coca-Cola Beverages Africa (CCBA), the continental Coke bottler based in South Africa but with footprints in over a dozen African countries including Kenya announced it has signed a deal with Italy-based Gruppo Campari to distribute premium spirits brands in Kenya , heightening up competition in that market.

Tasty Time disavows misuse of its products; warns public against product abuse

Tasty Time Nigeria Limited, a Lagos-based manufacturer of fruit flavoured drinks has denied any responsibility or support for the misuse of its products and has warned the public against using some of its products for substance abuse.

The warning follows a recent arrest by the police in Lagos of some youths who were alleged to be involved in cultism and substance abuse.

PepsiCo’s Q2 profit slumps on sluggish sales of trademark soda

PepsiCo on Tuesday reported a 2.4% revenue growth for the second quarter of 2018 to $16.09bn.

However, the results did not mirror the performance of its North American Beverages unit, its largest segment, which declined by 1% to $5.1bn.

The firm’s North American beverages unit has been posting declining sales for four consecutive quarters (since third quarter of 2017), a worrisome trend for the soda giant to consider operating it as a separate unit or spinning it off into a stand-alone public entity or do what its main rival Coca-Cola has done by refranchising them to multiple franchisees.

Labour union, Distillers Association, others reject FG’s proposed excise duty rate increase on alcohol at Senate hearing

Stakeholders in the alcohol beverage industry on Monday declared their opposition to the recent 500% increase in excise duty rates on alcohol by the Federal Government.

The stakeholders, which includes the Nigerian Labour Congress (NLC), Manufacturers Association of Nigeria (MAN), Distillers and Blenders Association of Nigeria (DIBAN), and the Association of Food, Beverage and Tobacco Employers of Nigeria (AFBTE) expressed their displeasure over the rate hike to a Senate Committee on Finance at a public hearing on the matter.

NBC highlights business activities as it holds mid-year media brief

The Nigerian Bottling Company (NBC) has said it will continue to improve on the quality and standard of its products to meet the needs of Nigerians.

The sole bottler of Coca-Cola products in Nigeria gave the assurance while holding a mid-year media briefing in Lagos to draw attention to its major activities since it came into the country.

The NBC Legal, Public Affairs and Communications Director, Sade Morgan, said that the company believes in customer satisfaction, and will continue to invest in the wellbeing of the consumer and improve on the quality of its products to meet their target.

Golden Guinea releases year end results for 2018

Golden Guinea Breweries Plc, earlier on Thursday released its full year statement of affairs for the year ending 31 March 2018.

The Umuahia-based brewer which has not been active for 15 years following a fire outbreak at its facility in 2003 said in its report that it has not resumed its principal activities of brewing during the year under review as a result of the ongoing reactivation activities.

Golden Guinea drags Pabod Breweries to court over alleged trademark infringement

Golden Guinea Breweries, the Umuahia, Abia State-based brewer on the cusp of making a comeback to the nation’s beer market has filed a lawsuit at a Federal High Court against Pabod Breweries Limited, a subsidiary of AB InBev.

The suit seeks N10bn general damages from Pabod for alleged infringement of Golden Guinea’s trademark for the production of Eagle Stout.

Rite Foods attains ISO 9001 certification as it seeks growth

Rite Foods Limited, the Ososa, Ogun State-based food and beverage manufacturer said it has received the Quality Management System certification also known as ISO 9001:2015 from the Standard Organisation of Nigeria, the country’s representative of the International Organisation for Standardisation.

The certificate is an international standard that is given to organisations that demonstrate the ability to consistently provide products and services that meet customer and regulatory requirements.

Golden Guinea Breweries set to re-enter beer market

Golden Guinea Breweries has announced it would make its re-entry into the nation’s beer market next month. According to a report by BusinessDay, the Umuahia-based brewer is nearing the completion of a major overhaul and upgrade of its production facilities following a fire outbreak in 2003 that led to the closure of the brewing company.

The company said its new equipment has an installed capacity of 48,000 bottles per hour, which represents 1.15 million bottles per day, twice the installed capacity of the old equipment which produced 24,000 bottles per hour and more than double what its competitors at Nigerian Breweries’ Ama, Enugu plant and International Breweries Onitsha brewery produces.

Activist investor demands split-up of Nestle SA

An activist investor of Nestle SA, Daniel Loeb has urged the food and beverage giant to split-up into three parts to become bolder about restructuring and take advantage of opportunities.

“This is a call for urgency – rather than incrementalism – to capitalize on fleeting opportunities and innovations that competitors will capture if Nestle does not energize itself,” Loeb who runs Third Point Hedge Fund, wrote in a letter to Nestlé’s board.