Monthly Archives: September 2019

Guinness Nigeria unveils new Guinness Smooth Stout

new guinness smooth

Guinness Nigeria Plc has introduced its newest brand, Guinness Smooth stout into the market.

According to the company, Guinness Smooth is a new expression of Guinness developed by Guinness master brewers, local and international, to deliver an exciting and stand out beer that is perfect for casual social occasions.

Commenting on the new brew, Adesina Adewole, Guinness Nigeria master brewer adds: “Guinness Smooth is a perfect partner for spicy foods and BBQ. The smooth refreshing taste balances the spicy heat, while the distinctive characterful flavour ensures Guinness Smooth is a beer that doesn’t get overshadowed by the food.”

MAN appoints Anegbe as Food Sectoral Group Chairman

The Manufacturers Association of Nigeria’s (MAN) Food Sectoral Group has appointed Chief Patrick Anegbe as its new chairman.

According to a statement released by MAN, Anegbe now holds the new office alongside his position as the President, Association of Food, Beverages and Tobacco Employers (AFBTE) as well as the Chairman, Blenders and Distillers Association of Nigeria (DIBAN), a sub-sectoral group of MAN.

A-B InBev resurrects plans for Hong Kong listing

Global brewer, Anheuser-Busch InBev (A-B InBev) has revived plans to list a minority stake of its shares in its Asia Pacific business unit, Budweiser Brewing Company APAC Limited, on the Hong Kong Stock Exchange.

The resumption follows its withdrawal in July not to go forward with an Initial Public Offering (IPO) in Hong Kong following what it said was unfavourable “market conditions”.

Arla Foods, Kaduna State to scale-up dairy farming scheme

Danish dairy firm, Arla foods has partnered with the Kaduna State Government to establish a dairy development programme. The scheme would involve 1,000 families of herdsmen with 12,000 heads of cattle with an overall objective of developing the dairy sector.

AB InBev cleared to produce Guinness, Smirnoff RTD in South Africa

Anheuser-Busch InBev has received the approval from South African regulatory authorities to start producing Guinness stout and Smirnoff ready-to-drink (RTDs) in South Africa.

The Competition Tribunal of South Africa announced last week that it has granted South African Breweries (SAB), the local unit of Anheuser-Busch InBev the approval to produce, distribute, market and sell Guinness stout and Smirnoff RTDs – Storm, Guarana, Spin, Pine Twist and Berry Twist in South Africa in exchange for royalty fees paid to Diageo Plc, owners of the brands. The financial details of the transaction were not disclosed.

Symrise opens new Lab in Nigeria

Flavoring and fragrance manufacturer, Symrise has opened its new application laboratory in Lagos. The launch which took place on 4th September 2019 was attended by the company’s management team from Germany as well as customers and guests.

According to the company, the launch of the new lab is meant to deepen the company’s presence in West Africa and to service Nigeria’s consumer demands by sourcing production inputs locally.

Nigerian Breweries launches new empowerment scheme for youths in host communities

Leading brewer, Nigerian Breweries Plc has unveiled a new empowerment scheme called “Partnership for Growth”. According to the company, the new programme, which is part of its corporate social responsibility (CSR) is aimed at equipping Nigerian youths, especially those in its host communities with vocational and life skills that create wealth and support livelihood.

The programme kick-off in August had 100 youths, 50 males and 50 females selected from Awo-Omamma Community, in Oru East Local Government Area of Imo State.

Beer Sectoral Group, partners CLI and Thespian Theatre to launch SMASHED programme

The Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN) in collaboration with the Collingwood Learning Incorporated and Thespian Theatre, has launched the SMASHED program.

Endorsed by the Federal Ministry of Health and supported by local health and education authorities in the country, the program is aimed at breaking the culture of underage drinking and reducing alcohol-related harm among Nigerian youths.

Currency devaluations and liquidity restrictions hit Distell Group’s full-year earnings

Distell Group, South Africa’s largest spirits, cider and wine producer with operations in several African countries including Nigeria reported a 45.5% drop in earnings for the full year ending on 30th June 2019. Net profit fell to R909.8m rand, from R1.7bn in the previous year.

Despite an 8% revenue growth in the full-year to R26.2bn (US$1.7bn), from R24.2bn in the previous year, sales volume in its home market declined by 0.9%. The drop was blamed on low consumer confidence as disposable income remained subdued and with increased value offerings by competitors, particularly in beer.

Nigerian Breweries responds to allegation it shielded its Dutch CEO accused of corruption

Nigerian Breweries Plc has released a statement in response to a recent publication by two Dutch journalist, which has since been published in the Nigerian media on allegations of corruption within the ranks of the top management of the brewing company and how it protected its former Dutch CEO.