Fidelity bank banner Bayelsa State banner
World’s largest beer maker builds new $250m brewery in Nigeria

By News Express on 02/03/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 4,280


Anheuser-Busch InBev (AB InBev), the world’s largest beer maker, expects its new $250 million brewery being built in Sagamu, Nigeria, to start production in the middle of this year, the head of its Africa operations said on Thursday.

“For the long term, in five to 10 years, Africa will be an important growth driver for the global company,” Ricardo Tadeu told Reuters.

He declined to give the plant’s production capacity, but said the company was upbeat about growth prospects in Africa’s most populous nation and elsewhere across the continent.

“We have a clear strategy to keep a good level of growth in Africa based on developing our brands in different segments of the market,” Tadeu said.

He said growth in African countries, excluding South Africa, was a “healthy growth rate in the mid-teens”.

The Belgium-based brewer said on Thursday it expected revenue and core profit (EBITDA) to grow strongly again in 2018, with revenue per hectolitre rising by more than inflation and costs by less.

The brewer said on it had achieved savings of $381 million from its near $100 billion purchase of rival SABMiller, which boosted in presence across Africa, which includes some of the world’s fastest growing economies. (Reuters)

 

Source News Express

Posted 02/03/2018 01:47:50 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Pastor nabbed for kidnapping retired Army Major

Senate queries Chevron Nigeria over $7.4bn contract inflation...

Southeast activist lament ordeal of Nnamdi Kanu, Sheik...

Igbo Ekunie calls for massive voter registration, participation...

Davido regains freedom but late Tagbo’s family cries...

Fayose to Fayemi: My handover note ready, will...

22 terrorists, 4 soldiers die in Borno battle...

Education Minister laments low registration for 2018 National...

Epidemic looms in Abia as refuse dumps take...

House of Reps orders recall of suspended NEMA...

Niger Delta crisis 'may get even worse': The...

CAN declares support for National Dialogue, inaugurates 6-man...

 

Latest News Osun governorship election: All the results while waiting for INEC's official declaration 2019: Screening Panel to decide fate of Atiku, Saraki, Tambuwal, others Certificate Saga: Uncertainty, fears grip Buhari’s ministers, aides Ambode’s fate hangs in the balance as party insists on primary Osun Guber: PDP beats Aregbesola in Ijeshaland Missing General: Army recovers bus door Ban of Ohanaeze causes stir APC, PDP devise new method on vote-buying Activities pick up in Delta State IDP Camp; Asaba Camp records first birth Nigeria Air fiasco: Foreign investors, international community won’t take Nigeria serious again — Peter Obi Lagos sues for peace over hijab controversy Gombe, Taraba, no-go-areas for APC, others — Darius Ishaku warns

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (396,120 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (376,606 views) Shameless Genevieve Nnaji exposes breasts in public (308,288 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,496 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,168 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,589 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (199,951 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,555 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,627 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,331 views) Lagos plane crash: Journalist releases victims’ names (158,089 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,851 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,622) Business Verdict (52) Columnists (933) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (652) Global Business Monitor (301) International (2,426) Interview (165) Live Commentary (28) Love Matters (144) News (39,070) Opinion (1,110) Pidgin (11) Politics (6,705) Religion (872) Sports (1,701) Stock Watch (34) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

I am Imo State's New Governor -- Okorocha's son-in-law Uche Nwosu...

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement