Daily Archives: October 25, 2017

Heineken Nine months sales boosted by emerging markets

October 25, 2017   Editor   No comments

Amsterdam-based Heineken N.V. reported its nine months results to the end of September on Wednesday, with revenue climbing 2.5%, driven by growth in all regions except Europe and the United States.

The company said that beer volume grew 3.4%, driven by growths in Brazil, South Africa, Russia and Mexico.

Net profit for the period rose 19.94% to €1.49bn ($1.75bn) compared to €1.239bn recorded in the same period last year when the company had to take an asset impairment charge of €233m in the Democratic Republic of Congo (DRC).

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Coca-Cola to spend $90m in Kenya to broaden product offerings

October 25, 2017   Editor   1 Comment

The Coca-Cola Company (TCCC) plans to invest up to $90-million in Kenya over the three years through 2018 to increase its product offerings in the region’s biggest economy, the soft drinks maker said on Tuesday.

Coca-Cola, which is the leader in the Kenyan soda market with brands like Coke and Fanta, has committed to invest $17-billion in Africa as a whole since 2014, double what was invested in the continent a decade before, the company said.

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Reps, agency heads, NBC disagree on additives in soft drinks

October 25, 2017   Editor   No comments

The National Agency for Food and Drug Administration and Control (NAFDAC), said on Monday that it does not have the capacity to carry out tests on all foods and drinks produced or imported into the country in order to certify them healthy for human consumption before their release into the market.

The agency also said that some additives and preservatives such as benzoic acid, sunset yellow and others, used in drinks produced or imported into the country were safe for human consumption.

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