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 »

Nigerian Breweries raises the stakes; launches ‘Stella Lager’ for the premium beer market

Nigerian Breweries Plc, on Wednesday unveiled a new premium Lager beer, “Stella”, to give new energy to the consumer beer market.

The launch which took place at the Grand Ballroom of Eko Hotels & Suites, Victoria Island, Lagos, was graced by a room full of key stakeholders and consumers including representatives from the brewer itself, including its Marketing Director, Franco Maria Maggi; Sales Director, Hubert Eze; Portfolio Manager, Premium Lager Brands, Tokunbo Adodo; and Brand Manager Global Brands, Oreoluwa Kolawole, amongst others.

Coca-Cola unveils three new variants of Five Alive juice

Coca-Cola launched three new variants of its popular Five Alive Fruit Juice in Lagos on Tuesday. The soft drinks and juice maker advised Nigerians to reduce their sugar consumption and adhere to a healthy lifestyle.

While introducing the new variants to the media, Coca-Cola Marketing Manager, Stills and Flavours, Gbolahan Sanni, said that consuming more fruits daily either by eating or drinking makes one healthy. Consequently, Coca-Cola Ltd has introduced drinks with more natural content to the market.

Seven-Up minority shareholders kick against acquisition bid

Minority shareholders of Seven-Up Bottling Company Plc have railed against the move by the firm’s majority shareholder, Affelka S.A. to acquire the remaining shares of the minority shareholders it does not already own.

Seven-Up announced on Thursday that its board had received an offer from Affelka S.A. (“Affelka”) to acquire the remaining shares of minority shareholders at a cost of ₦112.70 per share for the 171.54 million ordinary shares at ₦0.50 kobo each held by the minority shareholders, which translates to ₦19.33bn ($60 million). The bid price represents 15% premium on the last trade share price of the company on 9th August 2017, the last day prior to the date of the proposal was received from Affelka and 21.8% premium on the trading price as at close of trading on 28th November 2017.

Nestle to close DRC factory

Swiss food giant Nestle SA announced on Sunday that it would close its factory in Kinshasa, the Democratic Republic of Congo (DRC), a potential market of 80 million but one plagued by poverty and political instability.

“We will close our factory and offices by the end of January and continue developing our economic distribution model through third parties,” a company spokeswoman said.

Heineken expands into Mozambique; to build $100m brewery

Dutch brewer Heineken N.V. announced on Monday the laying of foundation stone for its first brewery in Mozambique.

The company said that the new brewery which will open in the first-half of 2019 will be located in the province of Maputo, cost $100 million (€85m) to build and have a production capacity of 0.8 million hectoliters a year.

Seven-Up receives buyout offer from majority shareholder, seeks to go private

Seven-Up Bottling Company Plc, the bottler of PepsiCo brands of soft drinks in Nigeria announced on Thursday that its board has received an offer from Affelka S.A. (“Affelka”) to acquire the remaining shares of minority shareholders it does not already own at a cost of ₦19.33bn ($60 million).

AB InBev Mexican unit to build world’s second largest brewery

Grupo Modelo, Mexico’s largest brewer and a subsidiary of Anheuser-Busch InBev has announced plans to construct a new brewery considered the world’s second largest at a cost of 14 billion Mexican pesos ($755 million). The brewery will be located in the city of Alpan, Hidalgo in central Mexico.

The construction of the brewery is expected to be completed by March 2019 and will have the capacity to produce nine million bottles of beer per day, according to Grupo Modelo Chief Executive, Mauricio Leyva.

Grupo Modelo, which produces beer brands such as Corona Extra, Pacifico, Modelo and Victoria among others, said that the construction of the brewery will create 3,000 jobs and “more than 1,200 direct permanent jobs during the operation phase.”

Nigerian Breweries mulls major changes to its Board as beer war looms

Nigerian Breweries Plc has scheduled a meeting for Friday, 8th December to consider making major changes to the composition of its Board of Directors.

In a letter sent to the Nigerian Stock Exchange (NSE) on Friday, the company said that “One of the items on the agenda is a proposal for changes in the composition of the Board of Directors (“Board”) of the company.”

Coca-Cola to launch Stevia sweetened soft drinks in 2018

Coca-Cola has announced it will pilot a new Coca-Cola drink sweetened with Stevia instead of sugar next year.

The beverage giant made the announcement recently during its Investor Day Conference in Atlanta, Georgia, USA.

According to the company, Coca-Cola Stevia No Sugar will be 100% sweetened with Stevia, a plant-based sweetener that has zero calories and does not have an aftertaste, a problem the company has faced with previous formulations such as Diet Coke and Coca-Cola Zero.

Chi launches ‘Chapman Happy Hour by Chivita’ to spice up the party scene

Chi Limited has unveiled a new variant of its ‘Happy Hour by Chivita’ into the juice market. The new creation called ‘Chapman Happy Hour by Chivita’ joins other popular variants from the brands stable such as Splashing Apple Peach Pear, Groovy Kiwi Mint Lime, Peach Pop, Totally Tropical and Guava Cheer to offer consumers more choices for refreshment.

According to the firm, the new Chapman Happy Hour by Chivita contains a blend of fruits and is poised to gain huge acceptance by Nigerians because it infuses our culture and style in a refreshing mix.