Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

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 »

Category Archives: News

Entries begin for the 9th Annual Nigerian Breweries Golden Pen Awards

Nigerian Breweries Plc has flagged off the 9th edition of its Golden Pen Awards as part of its efforts at celebrating and promoting excellence in the journalism profession. The call for entry for the awards which grand finale holds in October has begun.

Nigerian Breweries’ Corporate Affairs Adviser , Mr. Kufre Ekanem, told reporters at the kickoff ceremony, which was held in Lagos recently, that the award was introduced to promote professionalism and objective reportage of events in Nigeria.

Abraaj Group to acquire Kenya’s Java House Coffee Chain

Dubai-based Abraaj Group, an emerging markets equity firm with extensive investments in Africa has agreed to acquire Java House, a coffee chain based in Nairobi, Kenya.

Java House Group was established in 1999 by Mr. Kevin Ashley who later sold 90% stake to Emerging Capital Partners (ECP) in 2012 as he sought to raise additional capital to expand. The chain has since grown from 13 outlets in Nairobi to 60 outlets in 10 cities in Kenya, Uganda and Rwanda.

Guinness Nigeria gets approval for new share sale

Guinness Nigeria Plc, announced on Tuesday it had received clearance from the Nigerian Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to issue new shares.

The funds raised from the share sale, the company said will go to implementing its strategy in the context of ongoing external economic challenges.

East African Breweries to build new brewery in Kenya

East African Breweries Limited (EABL), Kenya’s largest brewer and a subsidiary of Diageo Plc, announced on June 28, 2017 an ambitious plan to build a new state-of-the-art brewery in Kenya.

The plan which was announced by Kenyan’s President, Uhuru Kenyatta at a State House function was joined by Diageo’s chief executive officer, Ivan Menezes and Diageo’s Africa President, John O’Keeffe, among other government dignitaries.

Seven-Up losses widen at year end

Seven-Up Bottling Company Plc, on Friday reported a net loss of N10.7bn for the full-year ended 31 March 2017, down from the N3.3bn profit recorded a year earlier.

The company blames higher input costs, driven by inflation and unrealized foreign exchange loss for the poor performance. Cost of sales in the period rose 57% to N95bn, up from N60.6bn.

Coca-Cola reaches agreement with South Africa over CCBA

Coca-Cola said on Thursday that it had reached an agreement with the South African government on a package of conditions addressing public interest considerations in connection with the proposed acquisition of AB InBev’s 54.5% stake in Coca-Cola Beverages Africa (CCBA).

The soft drinks giant reaffirmed its commitment to honour all merger conditions agreed with South African regulators when CCBA opened for business in 2016. Coke also agreed to ensure that the majority shareholder of CCBA will honour all merger conditions agreed at the creation of the company.

Chellarams forms strategic partnership with DMK Group

Chellarams Plc, a diversified food, beverage and industrial chemical manufacturer and distributor announced on Thursday it had entered into a new strategic joint-venture agreement with its long-time business partner, German-based dairy producer, DMK Limited. The new venture will be called Chellarams DMK Limited.

According to a statement released by the company, the primary goal of the new venture will be to manage the production, marketing, sales and distribution of a full range of dairy products across Nigeria.

Coca-Cola Africa names Roger Gauntlett to head its South African unit

Coca-Cola African unit has appointed Roger Gauntlett to become its new General Manager (GM) for its South African operations, replacing Luigi Panaino, who left the company after 20 years of Coca-Cola system experience.

Mr. Gauntlett is a veteran of the Coca-Cola system, having joined the company in Johannesburg in 1999. He will be responsible for managing the firm’s relationship with its bottling partner, Coca-Cola Beverages South Africa (CCBSA), ensuring alignment as well as sustainable and profitable growth for the beverage giant’s business in the country.

Mexico readies for a fight with Heineken over alleged misuse of protected name ‘Tequila’

Mexico’s Tequila Regulatory Council (CRT) is preparing for a drawn-out legal battle against Heineken N.V. over what it alleges is the Dutch brewer’s use of the word “Tequila”, a protected name on its Desperados Lager beer when the brew does not contain the spirit.

We cannot permit someone unscrupulously to affect tequila’s prestige,” said Ramon Gonzalez, CRT Director-General.

Either they take the word tequila off it, or they put some tequila in”. If they refuse, “we’ll have no choice but to fight this in court,” he said.

Local cassava firm fills void left by drop in raw materials imports

PSALTRY International Company Limited, an Oyo State-based grower and processor of high-grade cassava starch is filling a void left by a drop in imports of raw materials used by local beverage companies and other Fast Moving Consumer Goods (FMCG) firms. The drop in imports has created a surge in demand for local cassava starch which is a close substitute of maltose, an ingredient used in beverages and other products. The surge in local demand was caused by a high dollar exchange rate precipitated by low oil price, a situation that has forced many local manufacturers to abandon imports of raw materials with local substitutes.