Beverages
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Carlsberg allocates US$44m investment to Ukraine operations for 2023
UKRAINE – Danish multinational brewer, Carlsberg Group, has planned to invest 1.5 billion hryvnias (US$44 million) in Ukraine this year to increase its production capacity,…
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Heineken acquires controlling shares in Oedipus brewery
NETHERLANDS – Dutch multinational brewing company, Heineken, is set to become the majority shareholder in the Amsterdam-based beer brewer Oedipus following the acquisition of the…
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Turkish coffee chain Boost Coffee plans for 8 additional stores across Morocco by 2025
MOROCCO – Turkish coffee chain Boost Coffee is growth hungry for Morocco, the current second-biggest retail market for coffee in the Middle East and North…
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Kenya to introduce excise duty on imported sugar to discourage consumption
KENYA – Sugar consumers in Kenya await an excise duty of KES5 per kilogram of imported sugar once the controversial financial bill, which has received…
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Coca-Cola HBC agrees to acquire Finlandia vodka brand from Brown-Forman
NETHERLANDS – Coca-Cola Hellenic Bottling Company (HBC), a consumer-packaged goods business and strategic bottling partner of The Coca-Cola Company, has agreed to acquire the Finlandia…