Tag Archives: Africa

Distell’s African Sales Rise as Heineken Waits to Complete Deal

Distell Group Holdings Ltd. boosted revenue in South Africa and across the continent as a deal between the country’s biggest wine exporter and Heineken NV continues to go through a regulatory approval process. While Heineken’s offer of about 2.3 billion euros ($2.4 billion) for Distell has got support from local shareholders, the final steps to buy the wine, brandy, liqueur and whisky maker are

Read more

Beer is flowing in Africa

The beer market on the continent is so dynamic that this sector attracts the world’s largest brewers. Driven by demographic growth and an increase in the incomes of the urban upper middle classes, the local supply is strengthening through investments in new breweries or the expansion of existing capacities. In 2021, the African continent produced 141 million hectoliters of beer,

Read more
« Older Entries