Monthly Archives: March 2018

AB InBev plans expansion in Tanzania; announces construction of new $100m brewery

March 20, 2018   Editor   No comments

Anheuser-Busch InBev (AB InBev) is moving quickly to expand its holdings in Africa. The world’s largest beer company announced on Monday following a meeting with the Office of the President of Tanzania, John Magufuli, to invest $100m in a new beer plant in Dodoma, the administrative capital of Tanzania. AB InBev is the majority shareholder in Tanzania Breweries Limited, the country’s largest brewer and one it inherited following its acquisition of SABMiller in 2016.

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Cadbury Nigeria returns to profit in full year 2017

March 19, 2018   Editor   No comments

Cadbury Nigeria Plc, reported its full year 2017 results on Monday, with the Bournvita maker posting a net profit of ₦300m ($826,000). In the same period in 2016, the company recorded a net loss of ₦296m.

The positive performance was driven by a 10% growth in sales to ₦33bn ($90 million) from ₦29.9bn. The firm also benefited from cost savings initiatives which saw selling & distribution costs as well as administrative costs decline by 7% and 23% respectively.

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New study claims presence of micro plastics in bottled water

March 19, 2018   Editor   No comments

A new study released on Thursday by Orb Media, a non-profit journalism organization working with scientists from the State University of New York in Fredonia claims that 93% of sampled global bottled water tested show ‘some sign of micro-plastic contamination’.

The study examined 259 bottles from nine countries and 11 brands produced by transnational companies including Aquafina (PepsiCo), Dasani (Coca-Cola), Evian (Danone), Nestle Pure Life and San Pellegrino (Nestle).

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Three Crowns Milk partners Nigerian Heart Foundation to deepen market penetration

March 17, 2018   Editor   No comments

Three Crowns Milk, a leading dairy brand from the stables of FrieslandCampina WAMCO has received an endorsement from the Nigerian Heart Foundation (NHF) to promote healthy eating habits and active lifestyle. The partnership is happening on the 30th Anniversary of the milk brand.

The brand handlers said that the foundation’s logo now endorses Three Crowns milk offering of heart friendly, complete nourishment.

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Hospitality industry reacts to ban of alcohol by Kwara State

March 16, 2018   Editor   No comments

The hospitality industry have called on the Kwara State Government to lift the ban on the sales, production and consumption of alcohol in the state.

They said the enforcement of such a law would have far reaching effect on the nation’s economy and the hospitality industry.

They spoke with newsmen in separate interviews on Friday in Lagos.

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NUFBTE chides FG’s new excise duty on alcoholic beverages, tobacco

March 16, 2018   Editor   No comments

The National Union of Food Beverage and Tobacco Employees (NUFBTE) has criticised the Federal Government and threatened to go on a labour strike over the planned increase on the excise duty rates for alcoholic beverages and tobacco.

While speaking at a meeting by the organised labour, President of NUFBTE, Lateef Oyelekan, said that more than 20,000 workers are presently employed in the alcoholic and tobacco sector and may lose their jobs if the amendment takes effect.

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AB InBev to divest seven of its beer brands to CCU in Argentina

March 16, 2018   Editor   No comments

AB InBev has agreed to transfer seven of its beer brands in Argentina to Compania Cervecerias Unidas S.A. (CCU) as part of a post-merger condition for its takeover of SABMiller in 2016, Argentina’ production ministry announced on Wednesday.

As part of the proposed divestment by AB InBev which received the blessing of the Argentine National Competition Defense Commission, the brewer will transfer seven of its brands, notably – Isenbeck, Dioasa, Norte, Iguana and Baltica beer brands, as well as the licenses to Warsteiner and Grolsch brands to CCU, a Chilean brewer with operations in Argentina.

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AB InBev commits to affordable beer brands for Nigerian consumers

March 16, 2018   Editor   No comments
Hero lager

Beer giant AB InBev has said it will serve Nigerians with various beer brands at affordable prices.

The Marketing Manager of AB InBev, Mr. Arne Bruse disclosed this at a conference held at the Radisson Blu Hotel in Lagos. He said that consumers of beer will be able to buy some of the company’s beer brands at about ₦100 to ₦150.

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PZ Cussons issues profit warning amid weak sales

March 15, 2018   Editor   No comments

PZ Cussons Plc, the British maker of a wide range of consumer products and parent company of PZ Cussons Nigeria Plc, issued a profit warning on Thursday ahead of the release of its full year results in May 2018.

The group which trades across the world, including Nigeria, its biggest market, said that pre-tax profit will come in lower than expected in the £80m-£85m range.

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House of Rep orders NBC, others to print expiry dates, warnings on their products

March 15, 2018   Editor   No comments
soft drinks

The House of Representatives on Wednesday directed the Nigeria Bottling Company (NBC) Limited, makers of Coca-Cola soft drinks, as well as other producers of carbonated and non-carbonated soft drinks sold in Nigeria to as from January 2019, print expiry dates on all their products.

The bottling company was also directed to print labels on Fanta and Sprite drinks, warning that the products were harmful when consumed with ascorbic acid (Vitamin C).

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