Delta Beverages of Zimbabwe announced on Monday that prices for its beers would go up by 25% as it tries to stem escalating prices of local materials and services.
Delta which is 40% owned by AB InBev and 14% by Old Mutual Zimbabwe, said that the price increase was effective from Monday. However, it added that it had not made a decision on new pricing for its soft drinks and other products.
CWAY Foods and Beverages Nigeria Limited, a company best known for its wide array of fruit-flavoured milk drinks such as Nutri-Milk and the recently launched Nutri-Yo, a drinking yoghurt, as well as drinking water and dispensers has recently branched out into the alcoholic Ready-to-drink (RTDs) or mixed spirit drinks segment with the launch of “Cheers Cocktail.”
The company said their target markets are adults as they wind down after work or on a night out with friends in party and events.
