Daily Archives: March 3, 2018

New $250m Sagamu brewery to commence operation by mid-year – AB InBev

Belgian brewer AB InBev has said it is nearing completion of its new $250 million Sagamu brewery and expects it to go into operation by mid-year.

The announcement was made by Ricardo Tadeu, AB InBev’s head of operation for Africa on Thursday in South Africa.

“For the long term, in five to 10 years, Africa will be an important growth driver for the global company,” he said.

AB InBev full year profit soars on solid performance of its global brands and revenue enhancing initiatives

AB InBev reported full year surge in profits for the 2017 financial, helped by global premiumization and revenue management initiatives. Profits soared to $8 billion from $4.9bn in 2016.

The beer giant said that the combined revenues of its three global brands – Budweiser, Stella Artois and Corona grew 9.8%.