AB-InBev to open $100mn brewery in Tanzania

By professo

The Belgian beverage firm and world’s largest brewer, Anheuser-Busch InBev (AB-InBev), has announced it will invest $100mn in a new brewery in Tanzania.

The news follows the company’s growth across Africa, as it recently confirmed plans for a $250mn site in Nigeria.

The facility will be located in Dodoma, the capital of Tanzania, with construction beginning in 2019 and to be operational by 2020.

The nation’s beer volumes increased by 20% in 2017, Reuters reported, making it a prime location for further expansion.

SEE ALSO:

AB In-Bev currently operates in the country as Tanzania Breweries and has four sites in the nation.

“At the current growth rate in Tanzania, we expect to reach the maximum capacity of our current breweries by 2020,” said Roberto Jarrin, Head of Africa atAB-InBev, Reuters reported.

Plans for the facility were confirmed following a meeting between the President of Tanzania, John Magufuli, and Ricardo Tadeu.

“This is the right time to do business (in Tanzania), but you must pay your taxes,” Magufuli was quoted by his office, Reuters added.

Share

Featured Articles

Musk’s multibillion hostile Twitter takeover – the timeline

As billionaire entrepreneur Elon Musk buys Twitter for US$44bn, we draw up a timeline, from the buying of shares to the critical tweets and unsolicited bid

Sustainable moves businesses can make to win customers, IBM

With half of consumers saying environmental sustainability is more important today than a year ago, businesses should up their eco action, says IBM report

Banks and consultancies top workplaces to grow career in UK

Financial and professional services firms rank highest in LinkedIn Top 25 best workplaces list – from Barclays, Lloyds and HSBC, to PwC, Deloitte and EY

Top 10 women in technology in Europe

Leadership & Strategy

The value of ESG links sustainability to business returns

Sustainability

Top 10 European football clubs by revenue 2022 – Deloitte

Corporate Finance