Beverages
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Heineken parts with minority stake of East African distribution business to Distell
EAST AFRICA – Multinational brewing company Heineken is seeking to transfer its Eastern African distribution business to a new South African subsidiary called Sunside Acquisitions…
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Kenyan tax man after Keroche’s neck for failing to remit US$3.08m excise duty levied, collected from its alcoholic beverages
KENYA – One of the longest tax disputes in the Kenya involving Keroche Breweries and the Kenya Revenue Authority (KRA), has escalated to tense levels…
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Gin undergoes a ginaissance as shifting consumer demands drive innovation
Gin consumption is also growing steadily in Africa with South Africa’s consumption of the liquid growing 50% and distilleries expanding to 65 in 2019, and still counting.
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Coca-Cola, PepsiCo earnings to take a hit from disruption of operations in Ukraine, Russia
UKRAINE – World’s largest soft beverage makers Coca-Cola and PepsiCo expect a major hit on their finances following disruptions of their operations in Ukraine and…
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Tanzania Breweries backs project focused on protecting watershed biodiversity
TANZANIA – Tanzania Breweries Limited (TBL) has disbursed a total of US$600,000 to finance the implementation of a bankable nature solution project. The three-year project,…