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AB InBev Expects Total Investment Of Up To $400m In Nigerian Brewery

Published on May 27 2019 10:00 AM in Drinks tagged: Trending Posts / AB Inbev / Anheuser-Busch InBev

AB InBev Expects Total Investment Of Up To $400m In Nigerian Brewery

Beer maker Anheuser-Busch InBev (AB InBev) expects the total investment in its new brewery in Sagamu, Nigeria, to be up to $400 million, CEO Carlos Brito has said.

The $250 million brewery has already started operations, and capacity will be expanded in phases, Brito told reporters at a media briefing in Johannesburg, without giving a timeline for the next phase.

"Challenging The Status Quo"

He stated, "Nigeria [is] becoming a more and more important market as we grow in that market. I mean we're growing double digits, we didn't grow in the past as fast because we were lacking capacity, and now that we have capacity, strong brands and [a] great group of people, we're challenging the status quo there."

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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