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Beverages – African & Middle East News
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EABL to raise US$85.14M corporate bond as it redeems 2021 note early
EABL launches Kes 11 billion (US$85.14M) bond issue to support investments, repay debt, and strengthen working capital.
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UAE to implement tiered sugar-based excise tax on sweetened drinks from 2026
Producers and importers urged to assess product sugar content ahead of new excise rules effective 2026.
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Nestlé Nigeria posts US$49.9M profit in nine months, driven by pricing and demand growth
Nestlé Nigeria posts strong nine-month earnings rebound as revenue and margins rise on pricing gains.
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NACADA seizes counterfeit alcohol worth US$40.9K in major crackdown
Authorities confiscate over 500 boxes of fake spirits in a coordinated operation targeting illicit alcohol networks in Kitengela.
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Varun Beverages expands into alcoholic drinks with Carlsberg partnership, sets up operations in Kenya
PepsiCo’s largest bottler outside the US, Varun Beverages, will enter Africa’s alcoholic beverage market and launch operations in Kenya.