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

Coca-Cola to spend $90m in Kenya to broaden product offerings

The Coca-Cola Company (TCCC) plans to invest up to $90-million in Kenya over the three years through 2018 to increase its product offerings in the region’s biggest economy, the soft drinks maker said on Tuesday.

Coca-Cola, which is the leader in the Kenyan soda market with brands like Coke and Fanta, has committed to invest $17-billion in Africa as a whole since 2014, double what was invested in the continent a decade before, the company said.

Reps, agency heads, NBC disagree on additives in soft drinks

The National Agency for Food and Drug Administration and Control (NAFDAC), said on Monday that it does not have the capacity to carry out tests on all foods and drinks produced or imported into the country in order to certify them healthy for human consumption before their release into the market.

The agency also said that some additives and preservatives such as benzoic acid, sunset yellow and others, used in drinks produced or imported into the country were safe for human consumption.

NSE downgrades 7-UP from Special Pricing Status

The Nigerian Stock Exchange (“NSE”) has downgraded Seven-Up Bottling Company Plc from its “Special Pricing Status” category following the fall in share price of the company’s stock to below N100.

In a circular made available at the weekend, the NSE said that it would downgrade Seven-Up Bottling Company from a “High-Priced Stock” category to the general stock category with effect from Monday 23 October, 2017.

House Panel summons soft drinks firms over high levels of additives found in drinks

An ad hoc Committee of the Federal House of Representatives has sent out summons to 91 carbonated soft drinks producers in the country to appear before it and respond to allegations of harmful additives found in some soft drinks sold in the country.

According to the directive, some of the companies invited to appear before the committee includes the Nigerian Botting Company Limited (NBC), makers of Coca-Cola, Fanta and Sprite soft drinks. Others are Seven-Up Bottling Company Plc; Sona Group; Guinness Nigeria Plc; Nestle Nigeria Plc; Jos International Breweries Plc; GlaxoSmithKline Nigeria Plc, and Cadbury Nigeria Plc.

AB InBev to sell stake in Zambia’s National Breweries to Zimbabwe’s Delta Corp

Delta Corporation, Zimbabwe’s largest brewer and a unit of AB InBev said on Thursday that it has reached an agreement to acquire a controlling interest in National Breweries of Zambia.

In a released statement, Delta said that equity is being acquired from Heinrich’s Syndicate, also a subsidiary of AB InBev.

“The equity is being acquired from Heinrich’s Syndicate, a subsidiary of AB InBev. The transaction is subject to various regulatory approvals. The impact of this transaction is currently being determined but is not material for Delta,” said Alex Makamure, Delta’s Company Secretary.

Lagging sales in core brands crimp PepsiCo’s 3Q sales

Soft drinks giant PepsiCo said on Tuesday that a focus on healthier and low-calorie drinks may have hurt third quarter sales.

The company’s CEO Indra Nooyi said that the company stocked shelf space with more of its newer, low-calorie drinks and spent too much on marketing promoting them at the expense of its core brands such and Pepsi and Mountain Dew.

PepsiCo, like all soft drinks companies have been playing a balancing act to reformulate its portfolio to reflect changing consumer tastes towards healthier, low-calorie beverages and away from high-calorie drinks. So the company has to weigh between growth of its newer low-calorie drinks and defending its position as the bulk of the firm’s beverage sales still come from its core brands –Pepsi and Mountain Dew.

AB InBev completes divestment of interest in Coca-Cola Beverages Africa

Anheuser-Busch InBev announced on Wednesday that it had completed the sale of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA), the continents largest Coke bottler to The Coca-Cola Company (TCCC) for $3.15bn after customary adjustments, as announced on December 21, 2016.

CCBA was formed in 2016 through the merger of SABMiller’s African non-alcoholic beverage interest with The Coca-Cola Company’s South African operations and the Gutsche Family Investments, the owners of South African-based Coca-Cola Sabco.

Coca-Cola HBC CEO Dimitris Lois passes on

Coca-Cola Hellenic Bottling Company (HBC AG), one of the world’s biggest Coke bottlers and the parent company of the Nigerian Bottling Company (“NBC”) have announced the death of its long-serving CEO Dimitris Lois.

The company which is based in Zug, Switzerland said in a statement on Tuesday: “We are deeply saddened by the news of Dimitris’s death. It was a great privilege to know him personally and to work alongside him for so many years,” said Anastassis David, Chairman of the Board of Directors of Coca‑Cola HBC. “Dimitris will always be remembered for his dedication to our people and for the values he stood for.”

Coca-Cola Nigeria to spend $600 million on new products by 2020

Coca-Cola Nigeria Limited said it plans to invest $600 million by 2020 to boost sales, as part of the parent company’s global strategy to offer more consumer likeable products that goes beyond its carbonated soft drinks.

The Nigerian subsidiary of the Atlanta-based soft drinks maker said it wants to expand its product offerings to include flavoured and condensed milk, ice tea and bottled water to meet demand, said Peter Njonjo, the President of Coca-Cola West Africa, in an interview with Bloomberg Business in Lagos.

NBC receives Nigeria Safety Awards for Excellence

Nigerian Bottling Company (NBC), the bottler of Coca-Cola products in Nigeria has received the prestigious Nigeria Safety Awards for Excellence in recognition of the company’s continuous compliance to standards in occupational health and safety.

The award presentation ceremony took place at the Oriental Hotel, Victoria Island, Lagos, amidst selected and credible national health and safety regulatory governmental organisations, professional bodies and stakeholders in matters relating to health and safety of employees in the workplace.