The City of New Delhi in India has banned AB InBev from selling its products in the city for three years for allegedly evading paying local excise taxes.
According to the government citation, a three-year investigation by the authorities allegedly found that SABMiller, which was acquired by AB InBev in 2016 used duplicate barcodes on its beer bottles supplied to city retailers that year, which allowed it to pay lower taxes.
Beta Glass Plc on Tuesday reported revenue growth of 10% for the first half of the year through 30th June 2019, sustaining its growth momentum.
Revenue rose to N14.5bn from N13.1bn in 2018.
Budweiser, the premium beer brand from Anheuser-Busch InBev (AB InBev) has announced it will be launching a global campaign as it enters into a multi-year partnership with two of the world’s biggest soccer leagues, Premier League and LaLiga.
According to Chief Marketing Officer of AB InBev, Pedro Earp, “As the world’s most valuable beer brand, we will launch a global ‘Be a King’campaign in conjunction with these partnerships. This campaign will inspire fans around the world by bringing them closer to the kings of the game.
Nigerian Breweries Plc reported a net drop in profit of 28% for the first six months of 2019 ending on 30th June. Profits fell to N13.3bn from N18.4bn in the previous year. The drop accelerated in the second quarter with the company recording a 36% decline in earnings to N5.3bn from N8.2bn.
Ecobank Nigeria has announced the successful removal of two million plastic bottles from the streets and drains of Lagos State. The Pan African bank which launched the campaign in May had set a target of removing four million PET bottles from the environment as part of its environmental sustainability campaign. The bank rolled out the initiative in May telling Lagos residents to turn in their used plastic bottles in exchange for cash at designated locations across the state.
