Beverages – African & Middle East News
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UAC of Nigeria reports 73% revenue growth to US$245.14M despite profit decline in 2025
UAC of Nigeria posts strong revenue growth driven by CHI acquisition and core operations, but profitability declines due to rising finance costs and earnings pressure.
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Abia State approves Nepal Group takeover of Afro Beverages to boost manufacturing, jobs
Abia State has approved Nepal Group’s takeover of Afro Beverages, aiming to revive the facility, stimulate industrial growth, and create employment through private sector-led management.
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Diageo-Asahi deal faces pressure as minority shareholder seeks mandatory buyout for EABL investors
A Kenyan minority shareholder is pushing regulators to compel Asahi to offer equal buyout terms to all EABL investors amid mounting legal challenges to the Diageo deal.
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Varun Beverages completes US$125.2M acquisition of South Africa’s Twizza
Varun Beverages acquires Twizza for R2.1bn, expanding its PepsiCo-linked bottling footprint in Africa and strengthening presence in South Africa’s soft drinks market.
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Coca-Cola system to invest over US$1B in South Africa through 2030 to boost growth and jobs
Coca-Cola commits R17.6bn to South Africa, reinforcing long-term growth, job creation, and local sourcing while expanding production, distribution, and innovation across its value chain.