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: Soft drinks

Appeals Court rules against NBC over Fanta, Sprite labeling requirement

The Nigerian Bottling Company (“NBC”), bottlers of the famed Coca-Cola products in Nigeria suffered a legal setback in its bid to stop the execution of a judgement by a Lagos High Court which declared Fanta and Sprite to be poisonous soft drinks when consumed with vitamin C.

In a judgement delivered on February 15, a Lagos High Court dismissed all claims against the NBC and held that the company had not breached its duty of care to consumers and that there was no proven case of negligence against it.

PepsiCo sustains revenue, profit growth with price increases, healthier drinks and snacks

PepsiCo said on Tuesday that price increases implemented on its premium products in North America helped lift sales and profits in the second quarter.

The soft drinks giant recorded a 2% growth in revenue to $15.4bn in the second quarter, while net profit climbed 5% to $2.1bn. Half-year profit grew 17% to $3.4bn. It notes that “guilt-free” drinks which it describes as drinks with fewer than 70 calories such as diet sodas, and foods with lower levels of sodium and saturated fat like baked crisps which now account for about 45% of the its sales helped fuel higher revenue and profit.

CCBA buys Kenya’s third largest Coke bottler

Coca-Cola Beverages Africa (CCBA), the South African-based Coke bottler announced on Thursday it has acquired Equator Bottlers Limited, Kenya’s third largest Coke bottler for an undisclosed amount.

According to media reports, Kenya’s regulators (Competition Authority of Kenya) gave their blessing to the deal last Friday.

Big Beer, Wine and Soft Drinks Firms Vie for Majority Stake in CCBA

Big multinational beer, wine and soft drinks firms are competing for the 57% majority stake in Coca-Cola Beverages Africa (CCBA).

First reported by Reuters and Bloomberg in April, Heineken, Coca-Cola Hellenic and Castel Group are among companies that have bid for a majority stake in CCBA, according to people familiar with the matter.

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.

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.

NBC marks World Environment Day, reaffirms pledge to environmental sustainability

Nigerian Bottling Company Limited (NBC), the bottler of Coca-Cola products in Nigeria has reiterated its resolve to environmental sustainability as it celebrated this year’s World Environment Day.

While observing the global day for environment in Nigeria on the 5th of June 2017, the company participated in tree planting exercises, sensitization walks and other programmes in recognition of the environment and in line with the global theme for 2017 World Environment Day – Connect with Nature.

Excitement among secondary school teachers reaches fever pitch as MTOY 2017 deadline looms

The search for 2017 Maltina Teacher of the Year (MTOY) has gathered increased momentum as more teachers across the country have been taking advantage of the opportunity by visiting the MTOY website to submit their entries.

Organisers of the MTOY and various stakeholders in the nation’s education sector had, at the flag-off of the event last month, encouraged teachers in both public and private secondary schools to participate in the innovative award aimed at rewarding teachers and the teaching profession in the country.

Lagos High Court to rule on N96.8m award granted Obanikoro against NBC

An Ikeja, Lagos High Court has set 11th July, 2017 to rule on a motion brought before it by the Nigerian Bottling Company Limited (NBC), bottlers of the famed Coca-Cola soft drinks. The company is seeking to set aside an order of garnishment placed on its accounts at five banks in respect to a N96.8m judgment awarded in favour of former Senator and Minister of State for Defence, Musiliu Obanikoro.