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Coca-Cola “Score a Trip to Russia” Promo produces winners

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nigerian Bottling Company Limited (NBC), bottlers of Coca-Cola products and Coca-Cola Nigeria Limited have presented World Cup tickets to two lucky winners in the ongoing “Score a Trip to Russia” Promo. The winners who received their tickets earlier in the week at NBC head office, Iddo, Lagos were Fashola Moruf Adeyinka and Benjamin Muo. The ‘Score a Trip to Russia’ campaign is an ongoing promo sponsored by NBC and Coca-Cola, to reward esteemed consumers with an all-expense paid trip to Russia 2018 to watch the FIFA World Cup matches, which begins in June. Speaking at the presentation of the tickets to the winners, the Managing Director of Nigerian Bottling Company Limited (NBC), George Polymenakos described the promotion as an initiative to reward consumers who are desirous of experiencin

CCBA gets new home in Port Elizabeth, South Africa

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Coca-Cola Beverages Africa (CCBA), the continental beverage company based in Johannesburg, South Africa has relocated to a new headquarter in Port Elizabeth, South Africa. According to a statement from the company, the facility will house the largest Coca-Cola bottler in Africa, accounting for around 40% of all coke volumes on the continent. CCBA CEO Doug Jackson, said, “CCBA is building a successful Coca-Cola bottler in Africa, which means greater shared value for the business and the communities the region serves, and we are optimistic about the future growth of our business on the continent”. “We aspire to be the best Coca-Cola bottler in the world and Africa’s most valuable independent food and beverage-company, driven by engaged, motivated, and capable employees.” “The opening of a ne

Beta Glass ends year on a high

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016. The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year. The growth in profit was helped by a 48% increase in Operating Profit to ₦4.7bn, thanks to improved cost efficiencies and a net finance income that grew 230% to ₦1.1bn from ₦344mn.Powered by WPeMatico

Amarula to launch limited Edition designs in celebration of Africa

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Amarula cream liqueur from the stables of South Africa-based Distell Group will be unveiling limited-edition packaging of its flagship drink to showcase Africa’s cultural diversity. The company said it has partnered with African artists to design four limited edition bottles which will be introduced at this year’s Tax Free World Association (TFWA) Asia Pacific Exhibition & Conference being held in Singapore from 6 -10 May. The Global Travel Retail-exclusive range features designs from South Africa, Nigeria, Kenya and Egypt, each created to encapsulate African fashion, art, sculpture, furniture, textiles and jewelry designs. Distell is also promoting elephant conservation efforts and will release additional limited-edition designs on World Elephant Day, 12 August. The brand hopes to raise g

Police raid illegal brewery in Lagos

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
The Lagos State Police Command on Wednesday raided an illegal brewery in the Egbe-Afa, Igbobo area of Ikorodu, where counterfeit malt drinks and stout are produced. A team of investigators from the Lagos State Police Command led by the Commissioner of Police, Imohimi Edgal arrested five suspects. The illegal drinks factory produced malt drinks, stout and Ethanol which is then transferred into trucks through a pumping mechanism, then transported to another location where they are bottled. According to Imohimi, the suspects will face further questioning to determine where the drinks are bottled and sold.Powered by WPeMatico

International Breweries sees higher revenue and earnings growth at year end

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International Breweries Plc (IBPlc) reported a 12% growth in revenue for the nine months to the end of December 2017. Sales grew to ₦36.5bn from ₦32.7bn in the previous year. Cost of sales rose 30% in the period to ₦22.86bn from ₦17.5bn, impacted by a 33% increase in net finance cost to ₦6.9bn. Administrative costs also weighed on the firm’s earnings, rising 117% to ₦4.5bn from ₦2bn in the preceding year. The company recorded a pre-tax loss ₦3.1bn for the nine months to the end of December. But, with a deferred tax liability of ₦4.8bn, net profit grew 38% to ₦1.4bn. International Breweries, which concluded a three-way merger with its sister companies (Intafact Beverages Limited  and Pabod Breweries Limited) in December, had announced earlier in September it would change its financial year-

Campari Nigeria holds Annual Trade Partners Award 2018

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Campari Nigeria held its Annual distributors Award for the 2017 financial year on Saturday 24th March 2018 at the Radisson Blu Hotel, Ikeja, Lagos. The glamorous event which was hosted by Brian Munro Limited, the sole distributor of Campari in Nigeria lived up to its billing as everyone in attendance was giving a first class treat. The highlight of the event was to recognize, celebrate and honour distinguished trade partners of Campari in Nigeria as A-list entertainers took turns to serenade the attendants. The tone of the event was set by R&B crooner, Kola Soul, who did not only led everyone to give an inspiring rendition of the National anthem and but also mounted the podium thereafter to demonstrate his mastery of music. The comedy duo of Tee-A and MC Abbey anchored the evening as they ...

Cadbury launches new lifestyle programme for families

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Cadbury Nigeria Plc on Thursday announced the launch of a healthy lifestyle programme aimed at bringing nutrition education, active play and fresh foods to at-risk children and their families in Nigeria. The firm said it was joining nine other countries in the Mondelez International family in this initiative, which would involve $50m a-year commitment to promote healthy lifestyles and address obesity. In a statement, the company’s Managing Director, Cadbury West Africa, Mr. Amir Shamsi, said that this was the first-ever Mondelez International Foundation-funded effort in Nigeria, adding that the programme, which would run for over three years, was targeted at nearly 6,000 children and families in nine schools. “It will operate in Cadbury Nigeria (Ikeja and Ondo) and focus on nutrition, phys

UK launches sugar tax on sweetened beverages

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The United Kingdom on Friday became the latest country to join a growing list of countries that have enacted ‘sugar tax’ laws on sweetened beverages as a way to fight obesity among children which is the leading cause of cardiovascular diseases later in life such as hypertension, high cholesterol, diabetes among others. The UK is said to have the highest level of obesity in Western Europe. The new sugar tax targets soft drinks under 1.2% ABV with added sugar. A drink is considered to contain ‘added sugar’ if sugar has been added at any stage during production. For example, pure cane sugars such as sucrose and glucose as well as substances that contain sugar such as honey. The levy rate is 18 pence per litre for sugar content of 5g or more per 100ml, and 24 pence per litre for those with 8g

South Africa sugar tax comes into force

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South Africa’s proposal to tax sugar sweetened beverages which was first announced in 2016 finally came into effect on Sunday 1st April 2018. The new sugar tax called the ‘Sugary Beverages Levy” and a part of the “Health Promotion Levy” is set at 2.1 cents per gram of sugar content that exceeds 4g per 100ml. According to the new law, the first 4g per 100ml are levy free. “Sugar” refers to intrinsic and added sugar and other sweetening matter. However, fruit juice is exempt. The South African Revenue Service (SARS) said that “Manufacturers that produce sugary beverages with a total annual sugar content in excess of 500 kg per year need to be licensed with SARS and pay the levy to SARS. Those manufacturers that produce below the 500kg per year will not have to pay the levy, but they are requ