Daily Archives: July 30, 2019

Higher aluminum and technology costs hit Heineken’s profits in first-half

Heineken NV reported lower profits in the first-half, despite seeing a boost in global beer volumes. The company said that its earning was hit by aluminum costs as well as investments in e-commerce and technology upgrades, among others.

Consolidated beer volumes was up by 3.1%, with brand Heineken® growing 6.9% and in double-digits in Brazil, Mexico, South Africa, Russia, Nigeria, UK, Portugal, Germany and Romania. The company notes that Heineken® zero alcohol has expanded to 51 markets across the globe.

Coca-Cola Nigeria gets a new Managing Director – Yebeltal Getachew

Coca-Cola Nigeria Limited (CCNL) has announced the appointment of Yebeltal Getachew as its new Managing Director.

According to a statement by Nwamaka Onyemelukwe, Coca-Cola Nigeria Public Affairs and Communications Manager, Getachew would take over from Bhupendra Suri. His responsibilities include leading and optimising profitable revenue and volume growth of Coca-Cola’s business in Nigeria under the West African Business Unit (WABU).