Tag Archives: AB InBev Nigeria

AB InBev expects capacity expansion in Sagamu brewery to reach $400m

Anheuser-Busch InBev (AB InBev) has said it expects its investment in the newly built Sagamu Brewery to hit $400 million.

The company’s Chief Executive Officer, Carlos Brito, disclosed this on Wednesday while responding to reporters’ questions at a media briefing in Johannesburg, South Africa.

Int’l Breweries names Olutoyin Modupe Odulate to its Board as an Independent Non-Executive Director

International Breweries Plc has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company.

According to a statement released on Tuesday by the brewing company, Odulate is a seasoned Consumer Goods and FMCG senior management professional with over 16 years of multi-national corporate experience in retail management & distribution, supply chain optimization, strategic development, operational planning, risk management, business development, product development, branding and marketing across the telecoms, management consulting & Consumer Goods /FMCG industries.

International Breweries celebrates distributors, trade partners at Gala night

International Breweries Plc, the Nigerian unit of Anheuser-Busch InBev recently hosted its distribution partners across the country to a gala night at the Sheraton Hotel, Lagos. The event was an opportunity for the company’s distributors, trade partners and other key stakeholders within the distribution value chain to exchange ideas, as well as deepen business relationships. It also provided the company an opportunity to fete and commend the performance of the distributor partners, with those who had excelled in their performance in the recent financial year, winning delectable prizes.

Kensington Distillers & Vintners buys 1960 Rootz

London-based Kensington Distillers and Vintners Limited (KDV) has acquired the 1960 Rootz brand in Nigeria from AB InBev. The purchase includes the state-of-the-art manufacturing plant used to produce 1960 Rootz.

Kensington Distillers & Vintners said a new business name has been formed – Monument Distillers and the production facility will soon be moved from AB InBev’s Port Harcourt production facility to Lagos where Kensington Distillers’s offices are based.

Int’l Breweries appoints Richard Rivett-Carnac as a Non-Executive Director

International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Mr Richard Rivett-Carnac to its Board as a Non-Executive Director.

In a statement, the company said that Mr Rivett-Carnac is the Mergers and Acquisitions/Treasury Director for AB InBev Africa, based in Johannesburg, South Africa. He is a Chartered Accountant and was an investment Banker with Barclays Capital U.K. He also worked with KPMG ABMiller group in 2009.

International Breweries delivers on Social Investment Projects to communities in Osun, Ogun and Oyo states

International Breweries Plc, the Nigerian unit of global beer company, Anheuser-Busch InBev has recently completed a number of projects, under its corporate social investment initiatives, across several communities in Osun, Ogun and Oyo states. These projects were recently delivered to the communities.

According to the company, the projects were part of the its strategic policy of impacting the communities where it operates, especially in the areas where basic amenities are either lacking or inadequate. The projects include solar-powered boreholes, an adequately equipped primary healthcare centre and a sanitary facility.

Trophy Lager marks Alaafin of Oyo’s 80th birthday at Three-Day beer Carnival

Trophy Lager beer, a brand from the portfolio of International Breweries Plc has ended a three-day beer festival it organized with a celebration of the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III’s 80th birthday, marked with pomp, music, fun and mouth-watering prizes.

International Breweries appoints Andrew Scott Murray as a Non-Executive Director

International Breweries Plc (“IB Plc”) has announced the appointment of Mr. Andrew Scott Murray as a Non-Executive Director of the Company.

According to a statement from the company, Mr. Murray is currently the Vice-President, Finance for AB InBev Africa, leading the finance function across the AB InBev Africa operations, based in Johannesburg, South Africa. Prior to that, he was the Global Director, AB InBev M&A based in New York with exceptional track record of handling transactions and corporate disposals of different description and magnitude. He was also part of the AB InBev’s focused group on Budgeting and Business Performance Optimization.

Int’l Breweries loss widens on higher expenses, finance charge despite strong sales growth

International Breweries Plc (“IB Plc”) said it rang-up a net loss of ₦7.1bn for the first nine months of 2018. This is despite seeing a revenue growth of 128% to ₦83bn in the period from ₦36.5bn in the prior year.

The Nigerian unit of Anheuser-Busch InBev said skyrocketing net finance cost was to blame as it rose 187% to ₦9.2bn.

Int’l Breweries unveils new N90bn brewery in Sagamu

International Breweries Plc, has commissioned its N90bn ($250m) state-of-the art brewery in Sagamu, Ogun State.

The brewer which is the Nigerian subsidiary of Anheuser-Busch InBev has promised to create 600 direct and over 2000 indirect jobs along the value chain.

Nigeria’s President, Muhammadu Buhari, who commissioned the plant on Tuesday restated the government’s commitment to securing the business environment so that foreign direct investment (FDI) could flow into the country.