Fidelity bank banner NewsExpress advert
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: 4,081


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

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Transformer breaks down 2 days after commissioning

Ochei doles out N2.5m to FCE Asaba 10...

Major political party to reject result of 2015...

Oil slump: Focus on other sectors, Professionals tell...

Jime salutes Nigerians 57, says Nigeria is fixable...

End of the road?: Cameroon, Chad, Niger BLOCKADE...

BREAKING NEWS: Buhari’s son discharged from hospital

Dickson tackles Sylva over criminality •Tells ex-governor to...

HAPPENING NOW: Abuja court hands-off Ikpeazu vs Ogah...

Shell, JV partners spend N21bn on community development...

FG scraps Post-UTME, pegs180 as cut-off mark for...

FG to establish ICT University in 2017

 

Latest News Islamic State terrorists sneaking into Nigeria: Report 1,500 Nigerians jailed in Italy Cholera kills 19 in Niger, 65 hospitalised Shell tasks contractors over safety, rewards champions Wike swears in 23 new council chairmen How Nigerian advertisers waste billions of naira on celebrity endorsements — Study Saraki leads Senate delegation on visit to Russian Parliament 2019: Ekweremadu alleges APC onslaught against PDP leaders Atiku, Tinubu meet at Akure Airport •Atiku visits Fayose, canvasses support for PDP candidate as nationwide consultations gather speed NSCDC declares war against pipeline vandals FG plans artificial insemination of cows for quality milk production World Cup 2018: England beat Tunisia 2-1

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (351,794 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (350,934 views) Shameless Genevieve Nnaji exposes breasts in public (279,761 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,711 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,815 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,342 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,487 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,567 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,676 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,288 views) Lagos plane crash: Journalist releases victims’ names (143,613 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,471 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,246) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (504) Features (606) Global Business Monitor (282) International (2,035) Interview (153) Live Commentary (28) Love Matters (123) News (36,295) Opinion (1,003) Pidgin (10) Politics (5,278) Religion (770) Sports (1,550) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement