AB-InBev to Expand in Tanzania with New $100 Million Brewery

Global brewer Anheuser-Busch InBev (AB InBev) will invest $100million (R1.2billion) in a new beer plant in the Tanzanian city of Dodoma, as the world’s biggest beer maker steps up investment on the continent to meet booming demand.

The plans for a facility in Dodoma, the East African nation’s capital, were agreed following a meeting between President John Magufuli and Ricardo Tadeu, AB-InBev’s head of Africa. The company is also building a brewery in Nigeria, and said earlier this month the continent was among its fastest-growing territories.

In 2017, AB InBev increased revenue in the Emea region - which includes South Africa - by 6.3percent. “Drivers included growth of premium and global brands in Western Europe, which enabled us to gain market share in a majority of countries, as well as beer volume growth in Africa, and our global brands are now in South Africa,” the company said.

AB InBev distributes beer to more than 100 countries. The company is expanding its global brands into new markets such as South Africa, Colombia and Australia.

Resource: https://www.iol.co.za/business-report/international/ab-inbev-will-invest...

Navigation