Nigerian state programs

Nigerian Beer Festival Kicks-off amid Merrymaking

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
The First Nigerian Beer Festival got underway on Monday evening as billed amid an atmosphere of celebration at the Atlantic City Waterfront, Victoria Island, Lagos. The event opens daily with hundreds of fun seekers trooping to the waterfront to enjoy the excitement, fun and entertainment of the carnival. Nigerian Breweries Plc, the foremost brewer in the country, had an impressive display of products from its portfolio to provide enjoyment to consumers. The company has taken the lead in terms of the most visible and exciting branding with its products available for tasting and exhibition. Consumers took the opportunity to sample and enjoy the variety of brands from the brewers’ portfolio. Brands like Heineken, Star, Goldberg, Gulder, 33 Export and others were readily available for the cro

Intafact Hero’s Foundation Rewards new set of budding Entrepreneurs

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
The Intafact Hero’s Foundation Kickstart Programme; a CSI initiative of Intafact Beverages Limited has just concluded its 2nd award ceremony which rewarded 40 budding entrepreneurs’ with the sum of eighty two million naira. Now in its second year, the Intafact Hero’s Foundation continues to promote and instill a culture of entrepreneurship among Nigerian youths to enable them reach their full potentials via the intensive training, seed capital and mentoring provided through its Kickstart programme. Whilst welcoming guests to the award ceremony, the Chairman of Intafact Hero’s Foundation, His Majesty, Nnaemeka Achebe, the Obi of Onitsha noted that “through Intafact Hero’s Foundation- CSI programme, it has empowered Nigerian youths to contribute meaningfully to the economic growth of Nigeria

Coca-Cola Nigeria to spend $600 million on new products by 2020

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Coca-Cola Nigeria Limited said it plans to invest $600 million by 2020 to boost sales, as part of the parent company’s global strategy to offer more consumer likeable products that goes beyond its carbonated soft drinks. The Nigerian subsidiary of the Atlanta-based soft drinks maker said it wants to expand its product offerings to include flavoured and condensed milk, ice tea and bottled water to meet demand, said Peter Njonjo, the President of Coca-Cola West Africa, in an interview with Bloomberg Business in Lagos. “Our objective is to provide whatever beverages you need across your life stages,” he said. The $600m is part of an ambitious programme by the Atlanta-based Coke to invest $17bn in Africa by 2020. Coca-Cola new Chief Executive officer, James Quincey has said the company needs t

Nigerian Breweries – Financial Market Forum Wrap-Up

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Nigerian Breweries Plc, the nation’s largest brewer held its ‘2017 Financial Market Forum’ on 14th September 2017 at the company’s Iganmu-Lagos facility, where the new CEO Johan Doyer and Finance Director, Mark Rutten held a briefing of the company’s business and gave analysts a tour of the Iganmu plant. The company posted a 15% revenue growth in the first-half of 2017, driven partly by earlier price increases. Beer volumes in the period declined mid-single digit. The brewer said it has implemented further marginal price increases in the N220 to N230 price range for select brands at the start of the third quarter of 2017 with the aim boosting margins amidst local input cost pressures. Volumes and market share remain under pressure, the company said, a trend that began two years ago as cons

Royal FrieslandCampina announces leadership change; CEO Roelof Joosten to step down next year

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Netherlands-based Royal FrieslandCampina N.V., one of the world’s leading dairy firms and the parent company of FreislandCampina WAMCO, announced on Wednesday that its Chief Executive Officer (CEO), Roelof Joosten will step down on 1 January 2018, and to be succeeded by Hein Schumacher, the company’s current Chief Financial Officer (CFO). Schumacher became a member of the Executive Board and Chief Financial Officer (CFO) of Royal FrieslandCampina in January 2015. Prior to this, he worked at Heinz in both financial and general management positions in the Netherlands, the United States, the UK and China. The company said that Schumacher’s leadership skills, experience and vision will further strengthen the company both operationally and commercially and so generate more value for the member

AB InBev to increase equity stake in Nigerian operation post-merger

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Anheuser-Busch InBev, the Belgian brewer which controls three independently operated breweries in Nigeria will increase its majority equity stake in International Breweries Plc (“IBPlc”) to 75.1% following the completion of the ongoing merger of its Nigerian operations. AB InBev announced in early June that the Board of Directors of its three indirect Nigerian subsidiaries – IBPlc, Intafact Beverages Limited and Pabod Breweries Limited had agreed to explore a merger of their operations subject to regulatory and shareholder approvals. The firm followed up in August by announcing it had secured the needed regulatory approvals from the Nigerian Securities and Exchange Commission (“SEC”) and the Nigerian Stock exchange (“NSE”) to merge its operations in Nigeria. According to a report by the Na

Iran’s Kurds are growing restless, too

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THE Kurds of Iran are calling for independence just as lustily as their cousins in Iraq, perhaps even more so. While the mood in the streets of Iraq’s Kurdish cities was generally subdued and nervous after their referendum on independence on September 25th, wilder celebrations erupted across the border in Iranian Kurdistan. In the Kurdish cities of Baneh, Sanandaj and Mahabad demonstrations lasted for two days, even as armoured cars drove through the streets heralding a wave of arrests. Crowds sang the anthem of the Republic of Mahabad, the Kurdish state that briefly held sway in north-western Iran in 1946. Kurdish flags flew from lampposts. Some Iranian Kurds talked dreamily of a state they call Rojhelat, or East Kurdistan, which would slough off the “occupation” by Ajamastan, a pejorativ

Egypt’s Shia come out of hiding

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SINCE the dawn of Islam, Shias have been trying to penetrate Egypt. Ali, the Prophet Muhammad’s son-in-law and the first imam of Shia Islam, sent a loyal follower to govern the area. But no sooner had he arrived than he was captured by Sunni opponents, sewn into the belly of a donkey and burnt. Later the Fatimids, a Shia dynasty, captured Egypt and ruled it for two centuries. But Saladin overthrew them and, according to Shia lore, massacred thousands while levelling much of Cairo. “Kharab al-Din,” spits a Shia librarian in Alexandria, twisting Saladin’s name to mean destroyer of religion. Since then Shias in Egypt have pretended to be Sunnis. Some cloak their traditions in the mystical rites of the Sufis. They join their moulids, or birthday celebrations, for saints and camp at the shri

South Africa’s ruling party is at war with itself

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DEEP in the southern hills of KwaZulu-Natal, mourners came to bury Sindiso Magaqa on September 16th. In July gunmen ambushed Mr Magaqa and two other councillors from the African National Congress (ANC), South Africa’s ruling party, as they sat in a car. (Mr Magaqa died in hospital on September 4th.) Three other ANC politicians from the same area were gunned down between April and May. Across the province, there have been at least 40 politically motivated killings since the start of 2016. Most of the violence has occurred within the ANC, which is steeped in corruption at all levels. On September 27th thousands of South Africans marched in protests against the graft and the country’s scandal-plagued president, Jacob Zuma, who heads the party. Nowhere is the rot within the ANC more evident