Alcoholic Drinks

  • Heineken under pressure from AB InBev in Nigeria but may be about to double down

    Revenue at Nigerian Breweries plc declined at an annual rate of 10.8% during the first six months of 2020, to NGN151.8 billion (USD390 million). Its pre-tax profit plunged 57%, to NGN8.3 billion (USD21 million). With 11 production sites nationwide and a market share in excess of 50%, Nigerian Breweries is a barometer of the Nigerian

    Categories: Alcoholic drinks - Nigeria

  • How Covid-19 has changed Kenyan drinking habits

    Kenyan drinkers are consuming more spirits and less beer as a result of Covid-19 restrictions, according to regional market leader East African Breweries (EAB), in which Diageo has a majority stake. With Kenyan president Uhuru Kenyatta citing young people going out and consuming alcohol as a factor in the spread of Covid-19, sales of alcoholic

    Categories: FMCG - Consumer - Kenya

  • Pernod Ricard takes a swig of Jumia

    French alcoholic drinks group Pernod Ricard has acquired an unspecified stake in Africa-focused internet retailer Jumia. Terms have not been disclosed. Jumia is owned by Rocket Internet, MTN, AXA, Goldman Sachs, Orange and CDCI, and, as previously discussed, it likely to have an IPO this year. Pernod Ricard owns such brands as Absolut Vodka, Beefeater

    Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Ghana - Kenya - Nigeria