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 »

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.

Zimbabwe mulls restricting alcohol sales to curb abuse

The Government of Zimbabwe is considering restricting the sale of alcohol to certain days, hours and to pregnant women.

The Sunday Mail, a Zimbabwe newspaper reported that the policy proposes to bar the sale of alcohol during the week, regulate the number of hours to sell the products and provide guidelines on the consumption of alcohol during special events like parties and weddings on the basis of the venue in which they are held.

Mexico’s FEMSA to sell stake in Heineken

Mexico’s FEMSA announced on Monday it would sell 5% of a 20% stake it holds in Dutch brewer Heineken NV. The stake is said to be worth about €2.5bn ($3bn).

Heineken’s relationship with FEMSA began in 2010 when the Dutch brewer acquired the beer business of FEMSA which gave the Mexican firm a 20% stake in Heineken.

L’Arche Green NV, the company through which the Heineken family controls Heineken Holding NV, said it would acquire €200m of the €2.5bn in shares FEMSA was putting up for sale.

Agric Minister commends FC WAMCO as biggest investor in local milk production in Nigeria

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has donated a portable motorized milking machine to FrieslandCampina WAMCO, while lauding the company as the biggest investor in Nigeria’s dairy sector.

The machine has a capacity to milk 50 cows a day. Chief Ogbeh made the symbolic donation while declaring open the National Livestock Conference organized by the Federal Ministry of Agriculture and Rural Development (FMARD) in collaboration with the Food and Agriculture Organization (FAO) taking place at the International Conference Centre, Abuja.

International Breweries to change its financial Year-end to December

International Breweries Plc (“IBPlc”) announced on Wednesday that it would be changing its financial year-end from 31 March to 31 December of every year.

In a statement released to the Nigerian Stock Exchange, the firm said that the first application would be for a nine months period ending 31 December, 2017.

Guinness Nigeria Makes Four New Executive-Level Appointments

Guinness Nigeria Plc has announced the appointment of four directors, as the foremost brewer re-energizes to optimize performance and execute its strategic growth plans. The appointments have taken effect.

The appointees are Bola Olajomi-Otubu, Human Resources Director; Colman Hanna, Supply Chain Director; Adenike Adebola, Marketing and Innovation Director (Guinness and Spirits) and Jody Samuels-Ike, Marketing and Innovation Director (Innovation, Lager, Consumer Connections and APNADS).

Guinness Nigeria appoints Mark Sandys to its Board as Non-Executive Director

Guinness Nigeria Plc, on Monday announced the appointment of Mark Sandys to its Board as a Non-Executive Director effective 30th August 2017.

Sandys, a long-serving executive of Diageo Plc with over 20 years’ experience has an MA degree in English and French from Balliol College, Oxford University in 1996.

In the over 19 years he has been with Diageo, he has served as a Senior Marketing Executive in different capacities including as Global Marketing Strategy & Innovation Director Baileys, Marketing & Innovation Director, Diageo Russia & Eastern Europe (based in Moscow), Category Director, Whiskey & Reserve, Asia Pacific.

NBC pledges commitment to government’s resolve to reduce unemployment

Nigerian Bottling Company (“NBC”), the bottler of Coca-Cola products in Nigeria has said it remains committed to supporting government’s efforts to reducing unemployment in the country.

The firm which is a subsidiary of Coca-Cola Hellenic Bottling Company (CCHBC) and the largest soft drinks company in Nigeria recently unveiled a management trainee programme.

Beta Glass names Zulikat Wuraola Abiola to board as Non-Executive Director

Beta Glass Plc, announced on Wednesday the appointment of Dr. Zulikat Wuraola Abiola to its board as an independent Non-Executive Director with effect from 6th July 2017.

Dr. Abiola is the Managing Director of Management Transformation Limited (MTL), a management consultancy firm based in Lagos.

In her role at MTL which spans nearly two decades, she overseas business strategy for clients, business development, leadership, governance, organizational development, risk management and public sector policy consulting.

Distell’s full-year revenue grew 3.7% despite challenges

Distell Group, the South African wines, spirits and cider producer on Monday reported a 3.7% revenue growth for the full-year ended 30th June 2017. Revenue rose to R22.3bn ($1.72bn).

The company noted that its South African market which contributed 74% of group sales grew 7.8%, while volumes rose by 1.5%. The second-half of the year saw a marked improvement, with total volumes rising 5.4%.