SABMiller to invest $110 million in Nigerian brewery - CNBC Africa

SABMiller to invest $110 million in Nigerian brewery

Western Africa

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Beer. PHOTO: Getty Images

The group’s Nigerian subsidiary, Intafact Beverages, will be expanding its Onitsha brewery in South Eastern Nigeria using an initial investment made by SABMiller of over 110 million US dollars, making it the single largest investment in Anambra state for almost 20 years.

The brewery’s capacity will triple its current annual capacity from 700,000 to 2.1 million hectolitres. Capacity expansion work has already commenced and is due to be completed in the first quarter of 2015.

“We have made significant investments over the past five years in Nigeria and this announcement demonstrates our ongoing commitment in the country,” said Simon Harvey, managing director of SABMiller Nigeria.

According to the company, the investment will lead to the creation of a further 400 direct jobs. The business currently employs 300 local people.

The brewery will continue to produce brands such as Hero Lager, Castle Milk Stout and non-alcoholic malt beverages Grand Malt and Beta Malt.