Tag Archives: Heineken
Heineken: Latest News
Reuters, 1:00 am
Africa’s informal alcohol market is about four times bigger than its $11 billion commercial market, analysts say. Home brews have a strong tradition rooted in centuries-old African rituals. AB InBev needs to develop products affordable enough to tap the informal beer and alcohol markets, says InBev’s new Africa head. AB Inbev’s big rivals in Africa – Heineken and Diageo – have also launched lower-priced drinks made with local ingredients that are affordable for more people.
Dana Sanchez, 5:34 pm
First quarter results from the world’s third largest brewery, Heineken, show Nigerians are consuming more beer than a year ago despite hard times — or because of them. Results for Guinness, Nigeria’s No. 2 brewer, tell a different story. Guinness Nigeria’s stock is down 42 percent since the beginning of 2015. Heineken the No. 1 beer maker, saw its stock fall 36 percent in the same period. Consumers are turning from traditional home brews to competing products made by multinationals.
Kevin Mwanza, 2:12 pm
Diageo, the maker of Guinness beer and Johnnie Walker whisky, offered about $208 million to buy more stake in Guinness Nigeria, a listed firm that houses Diageo’s brands in the populous west African nation. Diageo already hold a 54.3 percent stake in Nigerian company, but wants to increased its shareholding to 70 percent.
Kevin Mwanza, 11:56 am
Diageo, world’s largest spirit maker, has said it has agreed to dissolve a joint venture with Heineken in South Africa and Namibia Breweries Namibia three years ahead of schedule. The world’s largest distiller is not moving to own its operation in these two Southern African countries, increasing its control in a market it views to be significant to its future growth plans.
Kevin Mwanza, 8:52 am
Diageo, owner of the second largest breweries in Ethiopia Meta Abo, officially opened a new $119 million bottling line in Sebeta. Speaking at the launch of the plant the company CEO Ivan Menezes said the upgrade completed an overall $344 million investment by the company in Ethiopia. Menezes said that the brewery had tripled annual capacity since its acquisition three years ago.
Staff, 11:16 am
Dutch brewing company Heineken has opened a new €110m greenfield brewery in Kilinto, Ethiopia, in a move to cater to the increasing demand for beer in the country. This development comes after the Ethiopian government invited foreign investment into the category with the privatization of its state owned breweries in 2011. The brewing facility will produce local brands including Bedele, Harar as well as the recently launched Walia beer.
Dana Sanchez, 3:33 pm
The world’s No. 2 brewer by earnings, SABMiller offered to buy Heineken to avoid a takeover by the world’s No. 1 brewer, Anheuser-Busch InBev, and was turned down, Bloomberg reports. Negotiations may still be underway. If the deal goes through, NPR said, “The resulting corporation would account for nearly half of the world’s beer profits.” SABMiller started as South African Breweries in 1895 selling beer to gold miners.
Dana Sanchez, 3:51 pm
Nigeria is the second-largest beer market for SABMiller after South Africa. Nigerians like larger-than-life names for their beer, TheEconomist reports. Names like Star and Hero. Hero’s label features the rising sun, an icon of the local Igbo people. SABMiller. its maker, uses symbolism in other African markets to give its beers a local identity. “People badge themselves with beer,” said Alan Clark, an SAB company boss. “It has an emotional content.”
Kevin Mwanza, 6:10 am
Heineken’s Nigerian unit, the nation’s largest brewer, said a possible currency devaluation by the central bank would hurt the company’s earnings, suppressing profit ahead of next year’s elections. The Central Bank of Nigeria may be forced to lower its currency peg if foreign reserves continue to dwindle, analysts at London-based Standard Chartered and Paarl, South African-based NKC Independent Economists wrote to clients last week.
Dana Sanchez, 3:17 pm
Africa is becoming a major battleground for alcohol producers, Bloomberg reports. Scant consumption is largely due to low incomes, but consumer spending power is increasing. Distiller Diageo has introduced smaller, six-ounce bottles. “It’s not just about price – it’s a sampling strategy,” an analyst said.
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