Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: Soft drinks

PepsiCo hails a strong start to the year, thanks to boost from its snack business

PepsiCo Inc, on Wednesday reported sales growth of 2.5% for the first three months of the year to $12.9bn, thanks in part to strong revenue growth in its Frito-Lay North America snack business, which posted 5.47% sales rise. The company’s North American Beverages unit also helped fuel the quarterly growth with a 2.15% sales lift.

Commenting on the results, PepsiCo Chairman & CEO, Ramon Laguarta, said: “We are pleased with our results for the first quarter.

Coca-Cola Nigeria says Private Public Partnerships key to realising MDG

Coca-Cola Nigeria said on Monday that private public partnership (PPP) was crucial to the realisation of the United Nations (UN) Sustainable Development Goals (SDGs) in the country.

This was made known by the Director, Public Affairs and Communications, Coca-Cola West Africa Business Unit, Clem Ugorji, who spoke at the Federal Medical Centre (FMC), Ebute Metta, Lagos during the donation of medical equipment. He said such intervention will not only promote mother/child health but will reduce drastically their mortality rates.

Soft drinks industry likely to grow 15% in 2019 – La Casera MD

The Nigerian soft drinks industry is on a growth path after experiencing declines in the last few years, said Mr Chinedum Okereke, Managing Director of La Casera Company, one of the leading players in the sector.

Okereke disclosed this recently in a wide ranging interview with the media covering the performance of the sector and his company’s activities over the last year as well as projections through 2019.

La Casera Apple drink felicitates with Christians at Lent

The makers of La Casera Apple drink have congratulated Christians all over Nigeria who are currently observing the Lenten fast leading up to Easter celebrations.

The apple soft drink brand which is the flagship brand of The La Casera Company has urged Christian faithful to imbibe a healthy living habit through fruit consumption during this Lenten period, according to a statement from the firm.

It noted that using fruits to break during fasting helps to ensure the body got rehydrated quickly.

Rite Foods to empower women entrepreneurs through capacity building

Rite Foods Limited, the maker of Bigi range of soft drinks and sausage rolls said it has mapped out a programme to empower women entrepreneurs especially those in the food industry through capacity building and networking.

Speaking at the first edition of Food, Drinks and Her-the March Exhibition, an event designed to recognise, support and celebrate women entrepreneurs in the food and drinks industry, the Managing Director of Rite Foods, Mr Seleem Adegunwa, said that it is important to celebrate and empower women entrepreneurs in the society.

Beta Glass reports 23% full year profit rise, thanks to strong sales growth

Beta Glass Plc reported a net profit growth of 23% for the full year 2018. Net earnings grew to N5 billion from N4.1 billion in the previous year.

The strong profit growth was driven by a 19% rise in revenue. Sales grew to N26.3 billion from N22.1 billion in 2017, helped by a 17% increase in selling and distribution expense. Operating Profit jumped 35% to N5.9bn from N4.4bn in the preceding year.

NUFBTE urges beverage firm not to engage expatriates

The National Union of Food, Beverage and Tobacco Employees (NUFBTE) President, Comrade Lateef Oyelekan, has advised the management of La Casera Company not to allow foreign workers take over positions that are meant for Nigerians.

The union boss gave the advice when the new Managing Director of The La Casera Company, Mr. Chinedum Okereke, visited NUFBTE executives in Lagos.

Coca-Cola introduces first Energy drink under its brand name

Coca-Cola Energy drink is set to make its debut in the UK in April as the soft drinks giant tries to appeal to younger demographics and diversify away from its namesake soda.

The Energy drink being rolled out will have two variants – with and without sugar.

Jon Woods, general manager of Coca-Cola Great Britain and Ireland, says: “Our strategy is to offer people a wide range of drinks to meet different lifestyles and occasions and Coca-Cola Energy is the latest example of that.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

FOBTOB launches empowerment scheme for members’ children

The Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has launched a N1million empowerment scheme for children of its members who graduate with first class.

The union’s President, Quadri Olaleye, who revealed this at a luncheon in Lagos in honour of the media for their support for the union’s activities, explained that the award of N1million to brilliant youths was aimed at promoting academic excellence.