Daily Archives: November 29, 2016

Heineken unveils Ivoire in new Ivory Coast brewery

Heineken N.V on Monday unveiled the first beer brewed in its new Brassivoire brewery in Ivory Coast even though the plant won’t open until 2017.

The Dutch brewer partnered with French trading firm CFAO to build a new brewery in Abidjan at a cost of 100 billion CFA francs ($172m). The deal was first announced last year with Heineken holding 51% stake in the joint-venture to CFAOs 49%.

Avon Crowncaps extends loss to Q2

Avon Crowncaps & Containers Nigeria Plc, makers of screw caps and metal containers for the beverage industry reported a net loss of N86m for the third quarter ending 30th September. In the same period in 2015, it recorded a net loss of N16m.