wazobia companies

Auto Added by WPeMatico

Nigerian Breweries mulls major changes to its Board as beer war looms

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nigerian Breweries Plc has scheduled a meeting for Friday, 8th December to consider making major changes to the composition of its Board of Directors. In a letter sent to the Nigerian Stock Exchange (NSE) on Friday, the company said that “One of the items on the agenda is a proposal for changes in the composition of the Board of Directors (“Board”) of the company.” While details of the board changes have not been made public, there are indications that the company may decide to reconsider the appointment of some directors or reduce the number of persons on the 16-member board. Nigerian Breweries is the country’s largest brewer and majorly controlled by Amsterdam-based Heineken N.V. which holds 55.95% shareholding, while other shareholders (foreign and Nigerians) hold the remaining 44.05%.

AB InBev Mexican unit to build world’s second largest brewery

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Grupo Modelo, Mexico’s largest brewer and a subsidiary of Anheuser-Busch InBev has announced plans to construct a new brewery considered the world’s second largest at a cost of 14 billion Mexican pesos ($755 million). The brewery will be located in the city of Alpan, Hidalgo in central Mexico. The construction of the brewery is expected to be completed by March 2019 and will have the capacity to produce nine million bottles of beer per day, according to Grupo Modelo Chief Executive, Mauricio Leyva. Grupo Modelo, which produces beer brands such as Corona Extra, Pacifico, Modelo and Victoria among others, said that the construction of the brewery will create 3,000 jobs and “more than 1,200 direct permanent jobs during the operation phase.” “Through this investment, Grupo Modelo reiterates it

Coca-Cola to launch Stevia sweetened soft drinks in 2018

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Coca-Cola has announced it will pilot a new Coca-Cola drink sweetened with Stevia instead of sugar next year. The beverage giant made the announcement recently during its Investor Day Conference in Atlanta, Georgia, USA. According to the company, Coca-Cola Stevia No Sugar will be 100% sweetened with Stevia, a plant-based sweetener that has zero calories and does not have an aftertaste, a problem the company has faced with previous formulations such as Diet Coke and Coca-Cola Zero. This would not be the first time Coke has used Stevia in drinks. In fact, the company currently markets Coca-Cola Life, which is sweetened with Stevia and cane sugar in 30 markets around the world. The combination results in 35% fewer calories than the Classic Coca-Cola. The difference in the new initiative is th...

Chi launches ‘Chapman Happy Hour by Chivita’ to spice up the party scene

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Chi Limited has unveiled a new variant of its ‘Happy Hour by Chivita’ into the juice market. The new creation called ‘Chapman Happy Hour by Chivita’ joins other popular variants from the brands stable such as Splashing Apple Peach Pear, Groovy Kiwi Mint Lime, Peach Pop, Totally Tropical and Guava Cheer to offer consumers more choices for refreshment. According to the firm, the new Chapman Happy Hour by Chivita contains a blend of fruits and is poised to gain huge acceptance by Nigerians because it infuses our culture and style in a refreshing mix. Chapman is a locally made Nigerian fruit drink that mixes blended fruit juices with Angostura bitters, and a few beverage companies have found ways to commercialize it. Speaking on the unveiling of the new variant, Marketing Director of Chi Limit

Tech giants will likely dominate speakers and headphones

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
MUSIC lovers do not typically go to the opera to buy a speaker. But at the Palais Garnier in Paris they now can: Devialet, a local maker of high-end speakers, on November 29th opened a store in the 19th-century music venue to sell its most sophisticated product, called Phantom. Looking like a dinosaur egg, this supercomputer for sound (priced at $3,000) is considered one of the best wireless speakers available. It also comes with a dedicated streaming service for live performances, including some at the Palais Garnier.This Phantom at the opera is the latest example of how digital technology is transforming speakers, headsets and other audio devices. Once mostly tethered to hi-fi systems, they are now wireless, increasingly intelligent and capable of supporting other services. As a result, ...

Digital news outlets are in for a reckoning

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
GREAT expectations attended digital journalism outfits. Firms such as BuzzFeed and Mashable were the hip kids destined to conquer the internet with their younger, advertiser-friendly audience, smart manipulation of social media and affinity for technology. They seemed able to generate massive web traffic and, with it, ad revenues. They saw the promise of video, predicting that advertising dollars spent on television would migrate online. Their investors, including Comcast, Disney and General Atlantic, an investment firm, saw the same, pouring hundreds of millions of dollars each into Vice Media, BuzzFeed and Vox (giving them valuations of $5.7bn, $1.7bn and over $1bn, respectively).They have had successes. Some became ninjas in “SEO” long before most print journalists knew it stood for “se

The euro zone’s boom masks problems that will return to haunt it

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
“WHAT does not kill me makes me stronger,” wrote Nietzsche in “Götzen-Dämmerung”, or “Twilight of the Idols”. Alternatively, it leaves the body dangerously weakened, as did the illnesses that plagued the German philosopher all his life. The euro area survived a hellish decade, and is now enjoying an unlikely boom. The OECD, a club of mostly rich countries, reckons that the euro zone will have grown faster in 2017 than America, Britain or Japan. But, sadly, although the currency bloc has undoubtedly proven more resilient than many economists expected, it is only a little better equipped to survive its next recession than it was the previous one.Europe’s crisis was brutal. Euro-area GDP is roughly €1.4trn ($1.7trn)—an Italy, give or take—below the level it would have reached had it grown at

As bitcoin’s price passes $10,000, its rise seems unstoppable

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
MOST money these days is electronic—a series of ones and zeros on a computer. So it is rather neat that bitcoin, a privately created electronic currency, has lurched from $1,000 to above $10,000 this year (see chart), an epic journey to add an extra zero.On the way, the currency has been controversial. Jamie Dimon, the boss of JPMorgan Chase, has called it a fraud. Nouriel Roubini, an economist, plumped for “gigantic speculative bubble”. Ordinary investors are being tempted into bitcoin by its rapid rise—a phenomenon dubbed FOMO (fear of missing out). Both the Chicago Mercantile Exchange, America’s largest futures market, and the NASDAQ stock exchange have seemingly added their imprimaturs by planning to offer bitcoin-futures contracts.It is easy to muddle two separate issues. One is wheth

China’s largest online publisher enchants investors and readers alike

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
WeChat, we readWHENEVER Xu Jie goes to the cinema to watch mystery and detective films, she leaves disappointed: to help stamp out superstition, China’s censors excise ghosts and zombies from the screens. So for her fill of phantoms, she turns to the flourishing online-literature scene. There, authors are allowed to take liberties from which most of China’s state-owned publishing houses would recoil. Homophones stand in for forbidden words. Danmei, a new online class of homoerotic story, is especially popular among young women. Readers can choose from over 200 established genres such as xianxia, a fantasy world of deities and martial arts.The corporate prince of this virtual realm is China Literature, a spin-off from Tencent, a gaming and social-media giant. The four-year-old online publis

Plant-based “meat” is so tasty that Europe’s meat industry has to bite back

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
CarroticideTHE “kapsalon” is a healthy mix of chips, melted Gouda cheese, shawarma, lettuce and garlic sauce and is a tried and tested hangover cure in the Netherlands. So naturally, a butcher’s shop on the Spui, in The Hague, put it on its takeaway menu, alongside burgers and sausage rolls. As two young women walk out, tucking into their steaming kapsalons, an elderly gentleman asks how to prepare the steak he has just bought. The scene would have most carnivores fooled. For this butcher deals only in meatless “meat”.“We want to become the biggest butcher in the world without ever slaughtering an animal,” says Jaap Korteweg, a ninth-generation farmer and founder of The Vegetarian Butcher. Since opening its first shop in The Hague in 2010 the company has been developing plant-based product