Coca-Cola Beverages Africa (CCBA) said it has acquired a 60% stake in Swaziland beverage firm, Eswatini Beverages Limited.
Eswatini is the new name of the country of Swaziland which officially changed its name in 2018.
The remaining 40% shares is held by Tibiyo Taka Ngwane, an Eswatini Sovereign Wealth fund with interest in telecommunications, commercial real estate, sugar, dairy, beverages, hotels, and transportation.
The Central Bank of Nigeria (CBN) has given a new directive to commercial banks to stop providing loan facilities to milk importers in the country.
In a circular to banks on Tuesday, the CBN said milk imports will no longer be eligible under payment terms known as “bills for collection” which allowed the importer to buy on credit. Instead, importers would need to fund their naira accounts and open letters of credit, bankers said.
Leading brewer, Nigerian Breweries Plc, makers of Life Lager beer, among others has concluded the 2019 edition of Hi-Life Fest amid fanfare. The brewer rewarded the winners with N20m in prizes in different categories.
According to the company, the competition which is its corporate social responsibility has been a huge success with various regional performances across the South Eastern states.
Nigeria’s premium beer, “33” Export Lager, unveiled its limited edition 40th anniversary label at the ‘City of Friends’ event in Calabar, Cross River state at the weekend.
In an atmosphere of camaraderie, the foremost beer brand unveiled a special limited-edition bottle label to mark the historic milestone.
The Nigerian Olympic Committee (NOC) and Nigerian Breweries Plc on Friday reaffirmed their continued partnership leading-up to the Tokyo 2020 Olympic Games.
The agreement which was cemented in 2018 will have two of Nigerian Breweries’ biggest brands, Star Lager Beer and Amstel Malta being official sponsors of Team Nigeria in the 2020 games.
Leading premium malt drink, Malta Guinness, from the stables of Guinness Nigeria Plc, has been recognised as “Africa’s Best Premium Non-alcoholic Malt Brand of the Year at the 2019 Edition of the African Brand Leadership Merit Awards held, which on Friday at Sheraton Hotel, Ikeja, Lagos.
The Chairman of the Organizing Committee, Dada Ajai-Ikhile, said Malta Guinness was recognized for its relentless effort in fueling the greatness of Africans. He noted that the brand was selected from a pool of other brands in its category through an independent, thorough and painstaking research across the African market.
As the world counts down to the 2030 United Nations’ clean water and sanitation goal, Guinness Nigeria, as part of its sustainable development strategy, has maintained its commitment towards the provision of potable water across communities in Nigeria. For Guinness, achieving this objective is sacrosanct for attaining the desired global wellbeing.
Leading ethanol manufacturer, Nosak Distilleries Limited, a subsidiary of Nosak Group has concluded plans to commence the exportation of refined ethanol to Ghana as part of its export expansion plans. This came to bare after securing the certificate of registration from the Food and Drugs Authority of the Republic of Ghana in Accra.
The World Health Organisation (WHO), has said that its research into the effects of microplastics on human health has shown it does not seem to pose any health risk to humans, but more research was needed.
Microplastics are the tiny particles or plastic bottle fragments about five millimetres long most often found in bottled water.
The Association of Food, Beverage and Tobacco Employers (AFBTE) has called on the Federal Government to go into talks with the Organised Private Sector (OPS) and other concerned stakeholders in the food industry in a bid to find lasting solutions to the government’s plan to restrict foreign exchange on food imports.
