Tag Archives: Africa

AB InBev to export African beer brands across the globe

Anheuser-Busch InBev said on Wednesday it plans to introduce African beer brands to its markets around the world as it seeks to make the most of its decision to acquire SABMiller.

“There are so many very unique African brands and I think it is time to sell African beers to the greater market,” said Ricardo Tadeu, Head of AB InBev’s African Operations.

Diageo’s Africa President John O’Keeffe sheds light on the group’s activities in Africa and outlook

Diageo Plc, the world’s largest spirits maker with big footprints in Africa in both beer and spirits segment said recently it has a strong positive outlook for its business on the continent. The group’s Africa president John O’Keeffe last week spoke with analysts on a wide range of issues pertaining to the group’s activities and strategy on the continent.

SABMiller’s Q1 revenue rise 2% despite persistent headwinds in Africa

SABMiller on Thursday said net producer revenue for the first quarter rose 2% as it continues to battle economic volatility in key markets in China and Africa.

The maker of Castle Lager, Hero and Grand Lager beer, among others said that volumes in its African markets were weighed by economic volatility and challenging trading conditions.

Nestle to introduce Youth Apprenticeships to Africa

Nestle has announced that it would introduce its apprenticeships and training programmes to Africa, a continent where the company says business goals and social impact come together.

The company’s CEO Paul Bulcke said: “We will create more than 3,000 apprenticeships and traineeship opportunities in Africa by the end of 2018. We will provide readiness-for-work training for more than 300,000 young people over the same period.”

Remy Contreau’s CEO bullish on Africa’s potential

Remy Cointreau’s CEO, Valerie Chapoulaud-Floquet, said on Thursday Africa’s contribution to the spirit maker’s revenue continues to grow and will soon be equal to 15% of Europe’s sales, up from less than 10% in the previous fiscal year.

Commenting on the firm’s full-year financial results, which saw the French spirits maker post an impressive 10.6% rise in profits, Ms. Chapoulaud-Floquet, said that Africa is like Asia 25 years ago, forecasting that the continent’s sales contribution to the firm will accelerate in the coming years.

South Africa’s Distell Group reports 18% rise in Half-Year (H1) profits as festive discounts, exports lifts sales

South Africa’s largest wine and spirits producer Distell Group Ltd, said on Wednesday that half-year profits rose 18%, helped by holiday wine discounts and higher earnings from exports due to the weaker rand currency.

The company, which also makes ciders such as Savanna, Hunter Gold, Hunter Dry, among others, said that sales by volume climbed 7.7% in the six months through December, compared with 3.7% a year earlier.