Monthly Archives: May 2022

Soufflet Malt, the French multinational, on Friday inaugurated its first malt factory in Addis Ababa, Ethiopia at Bole Lemi Industry Zone.

By sourcing from barley from 50,000 Ethiopian farmers, the factory is expected to produce 60,000 tons of malt and sell to the breweries found in Ethiopia. Prime Minister Abiy said Ethiopian farmers can produce enough barley for the factory and no need to import from abroad the input. Annually the breweries in Ethiopia have been spending up to 50 million

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How Molson Coors Slashed Its Debt by More Than 40% Since MillerCoors Deal

Molson Coors Beverage Co. , the maker of Coors Light and Miller Lite beer, shaved roughly $5 billion off its net debt since buying the rest of its MillerCoors LLC U.S. joint venture in 2016. The Chicago-based brewer’s $12 billion deal, in which it acquired the remaining 58% stake in a joint venture with now-defunct U.K. rival SABMiller PLC, saddled it with a mountain

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