SABMiller spends $80m on new Uganda brewery
SABMiller, the huge brewing company which owns the Grolsch and Miller brands, is to invest $80m in a new brewery for its Ugandan subsidiary, Nile Breweries.
SABMiller, the huge brewing company which owns the Grolsch and Miller brands, is to invest $80m in a new brewery for its Ugandan subsidiary, Nile Breweries.
The new facility will be constructed in Mbarara, western Uganda.
The total Ugandan beer market grew 28% over the 12 months to the end of December 2011, driven, SAB says, by strong economic growth and population expansion.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Average per capita beer consumption is at around eight litres per year, compared to an average of around 60 litres in South Africa.
The Mbarara site will employ around 140 people directly and will brew the bulk of Nile Breweries portfolio of beers, including Nile Special, Club Pilsener, Eagle Extra and Eagle Lager.
The development site is on the banks of the River Rwizi which will provide the water source for the brewery.
Mark Bowman, the Managing Director pointed out the development would double the company's production capacity in Uganda and provide a guaranteed revenue stream for local farmers.
SABMiller shares have gained 20% in the last 12 months.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
HMRC slaps pensioners with record high surprise tax bills - do you owe the taxman money?
More than a million people face surprise tax bills by HMRC, including thousands of pensioners, as triple lock pushes more retirees into taxable income brackets
-
Chase to launch its first ever credit card next month
Chase bank has been piloting its first-ever credit card to select employees and customers since November, but will roll it out to all customers from June, MoneyWeek can reveal. While the bank has become popular for current and savings accounts, will its credit offering be just as favoured?