BUSINESS

GSK weighs selling Horlicks

BUSINESS
Global food and beverage giants are scrambling to outbid each other for GlaxoSmithKline’s Horlick health nutrition business amid a review announced by the UK-based company, including options to sell some nutrition brands such as Horlicks. Coca-Cola, Nestle and Kraft Heinz are said to be among the companies bidding for the 145 year old brand, with Coca-Cola said to be the front runner with a £3bn (US$4bn) offer. According to a report by Reuters in March, the most enticing asset up for sale is GSK’s 72.5% stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare. The sources said the stake was worth $3.1 billion at current market prices but GSK wanted a premium in any sale. GSK in March agreed to buyout Novartis’ 36.5% stake in a joint-venture partnership in its Consumer Healthcare

‘There is no fake Pepsi in circulation’ – Seven-Up Bottling Co.

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Seven-Up Bottling Company, the bottlers of Pepsi-Cola in Nigeria has denied there is a fake Pepsi in the market. The manufacturer which also bottles Mirinda and Mountain Dew soft drinks among others explained that the Pepsi-Cola in white caps which is what has been the source of concern to consumers is genuine and the same with the Pepsi packaged in blue caps. Speaking further, the firm revealed that economic hardship in the country compelled it to switch to white caps when the cap suppliers could not get imported materials to make blue caps. The white caps are used as a temporary measure until the manufacturer can supply the blue caps. Confirming the message, a spokesperson for the firm, Mr. Mike Nzeagwa, invalidated the stories of fake Pepsi. “There is no fake Pepsi in circulation. The d

‘There is no fake Pepsi in circulation’ – Seven-Up Bottling Co.

BUSINESS
Seven-Up Bottling Company, the bottlers of Pepsi-Cola in Nigeria has denied there is a fake Pepsi in the market. The manufacturer which also bottles Mirinda and Mountain Dew soft drinks among others explained that the Pepsi-Cola in white caps which is what has been the source of concern to consumers is genuine and the same with the Pepsi packaged in blue caps. Speaking further, the firm revealed that economic hardship in the country compelled it to switch to white caps when the cap suppliers could not get imported materials to make blue caps. The white caps are used as a temporary measure until the manufacturer can supply the blue caps. Confirming the message, a spokesperson for the firm, Mr. Mike Nzeagwa, invalidated the stories of fake Pepsi. “There is no fake Pepsi in circulation. The d

Star Lager unveils ‘Limited Edition’ bottles in support of the national team

BUSINESS
Star Lager Beer, the official beer of the Super Eagles, has officially launched limited edition bottles of the famed brand wrapped with a new refined look that looks like the much-celebrated Super Eagles jersey. The football inspired bottles carry the bold Star crest with a backdrop of green and white on the front, representing the colours of Nigeria and the national team. On the back label are three different jersey numbers — “1” representing the Star brand, “11” representing the Super Eagles, and “12” representing the Nigerian fans, who are regarded as the “12th player” on the pitch. Commenting on the new design, Senior Brand Manager, Star Lager Beer, Nigerian Breweries Plc, Abayomi Abidakun, said: “With the nation about to begin its outing at the global tournament in Russia, it is only

Hollandia launches Soya milk in 100ml sachet

BUSINESS
Hollandia Soya Milk, a brand from the stable of Chi Limited has unveiled a new 100ml sachet, as part of efforts to reach more consumers by providing more choices. The product was initially only available in 315 reseal able Tetra Pak. According to the firm, the move is meant to deliver value by making the product more affordable and accessible while offering the nutritious benefits of soya milk. “Evident in the 100ml sachet pack design is the brand’s traditional strong blue colour combination along with an assortment of small icons that typify various sporting activities – an effort by the brand to resonate with health-conscious consumers keen on a daily nutritional soya milk drink for an active lifestyle and healthy heart devoid of a cholesterol build-up,” said the company “Endorsed by the

In Tanzania, getting impregnated also means getting expelled from school

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MARY (not her real name) was 16 when she became pregnant. The father sold chips by the road near her home in northern Tanzania. She felt special when he gave her money. But when her belly swelled, he ran off. At school she was caned in front of teachers, pupils and her own shamefaced parents. Then she was expelled. “I would not have had sex”, she says, “if I knew you could get pregnant after doing it once.” A quarter of Tanzanian girls aged 15-19 are pregnant or have given birth. The government’s response is to kick them out of school for good. Official statistics record that between 2003 and 2011, more than 55,000 girls dropped out because of pregnancy. This is surely a vast underestimate; cases are often recorded as simple truancy. The main way back into education is through vocationa

Congo’s Kabila chases an unconstitutional, unpopular re-election

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A veteran of two types of campaign LAST month residents of Binza Delvaux, a neighbourhood of Kinshasa, the lively capital of the Democratic Republic of Congo, awoke to discover a huge poster in the local market. It showed Congo’s president, Joseph Kabila, with the caption “Our Candidate”. Around the same time, crude advertisements started appearing on television stations praising the “indispensable” Mr Kabila. In cities across the country, T-shirts bearing the president’s face have been handed out at free concerts put on by his party, the People’s Party for Reconstruction and Democracy (PPRD). Congo, a dysfunctional, vast country of perhaps 80m people, is catching election fever. This is odd. According to Congo’s constitution Mr Kabila, who has been president since the murder of his fat

The battle begins for Hodeida, Yemen’s lifeline

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THE war in Yemen has entered what may be a decisive phase. Early on June 13th convoys of Yemeni fighters, backed by Saudi Arabia and the United Arab Emirates (UAE), advanced north along the coast towards Hodeida. The city is held by the Houthis, Shia rebels who seized the capital, Sana’a, in 2015. Emirati jets and warships supported the attackers. One aid-worker counted more than 30 air strikes in the first half-hour of fighting. Hodeida is Yemen’s main port. It handles the humanitarian aid on which four out of five Yemenis depend. Prolonged fighting could leave millions at risk of starvation. The Saudi-led coalition promises to keep the port operational, but it could be damaged either in combat or by sabotage (the Houthis reportedly placed landmines around the city). Saudi Arabia says