Daily Archives: August 28, 2019

CCBA acquires majority stake in Swaziland Coke bottler

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.

Commercial banks told not to extend loans to milk importers – CBN

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.