Daily Archives: November 27, 2015

South Africa’s Nampak plans bottle factory in Nigeria, Ethiopia

Nampak, a South African glass maker of beverage cans and bottles plans to open glass bottle factories in Nigeria and Ethiopia at a cost of $155 million. The company said it is part of a strategy to generate half of its profits outside of its home market in five years.

Nampak has been expanding outside of its home market due to weaker consumer demand.

Guinness shareholders approve N5bn dividend

A dividend of N4.8bn has been approved by shareholders of Guinness Nigeria Plc, a subsidiary of Diageo Plc, for the period ended June 30, 2015 with a pledge by the board and management to maintain sustainable growth for the business through good business strategies and quality products.