Diageo News

A Diageo factory in Accra, Ghana, produces Orijin Bitters. Credit: wsj.com

Why Diageo, PZ Cussons, and Atlas Mara are betting big on Africa

As growth in China slows after two decades of breakneck economic development, Western companies are increasingly turning towards India and Africa as the next great untapped opportunities.

D'banj poses at his home in Lagos. Photographer: Paul Odijie/Bloomberg

Nigeria's booming music scene: An interview with D'banj (Video)

The mansion, the pool, the Bentley, the life-size portrait and the gold medallions are the spoils of a revolution in Nigeria and music superstar D’banj is enjoying them.

Afropolitan

Afropolitan Tastes: Are you an Afropolitan? By Nnenna Onyewuchi, Founder, Yellow Brick Road

The term Afropolitan has been bandied around since Taiye Selasi used it in a 2005 article. At the time, she was using it to describe young, upwardly mobile, multilingual, sometimes multi-ethnic Africans in the Diaspora.

Hilton becomes latest hotel chain to tap Ethiopia's fast growth

Hilton becomes latest hotel chain to tap Ethiopia's fast growth

Hilton will open its first hotel in Ethiopia in more than four decades, it said on Wednesday, following other international chains that seek to tap into rising business and tourism in the country.

Heineken's Nigeria unit to raise $502M to support growth

Heineken's Nigeria unit to raise $502M to support growth

Nigerian Breweries Plc, the West African nation’s largest brewer, said it plans to sell 100 billion naira ($502 million) in debt to boost liquidity and support growth even as lower crude prices impact spending in the continent’s most populous country.

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo Plc. said that it has approached the Board of Directors of Guinness Nigeria plc with an intention to make an offer to increase its equity stake in Guinness Nigeria from 54.3% up to a maximum of 70% and to maintain Guinness Nigeria’s listing on the Nigerian Stock Exchange.

Under the deal, Diageo is selling a 42% stake in DHN Drinks Ltd. and a 15% stake in Namibia Breweries to Heineken. Photographer: Adam Berry/Bloomberg

Diageo Dissolves Heineken Venture to Go Solo in South Africa

Diageo Plc said it’s dissolving a joint venture with Heineken NV in South Africa and neighboring Namibia three years earlier than planned so the world’s largest distiller can fully own its operations in those countries.

Elsie Kanza, Senior Director & Head of Africa, World Economic Forum

Looking back to move forward: Elsie Kanza, Senior Director & Head of Africa, World Economic Forum

In 1992, one year after the end of the apartheid era in South Africa, the two leaders that would broker the country’s future trajectory appeared together at a forum in Switzerland.

Diageo's Baileys Original Irish Cream - Could Africa be the motor for Baileys' future growth?

Diageo: Could Africa Be The Motor For Growth?

Diageo is a leading alcoholic beverage manufacturer, producing world famous brands such as Johnnie Walker, Smirnoff, Baileys, and Guinness.

Tusker Lager is one of the beverages brewed by East African Breweries

Kenya's East African Breweries says $54M medium-term note oversubscribed

Kenya’s East Africa Breweries Ltd (EABL) said on Tuesday the first tranche of medium-term note it issued in March to raise 5 billion shillings ($54 million) was oversubscribed, attracting 9.05 billion shillings in bids.

A customer drinks beer at the St. George brewery's public pub in Ethiopia's capital Addis Ababa, March 28, 2015. REUTERS/TIKSA NEGERI

Foreign brewers battle for Ethiopia's beer drinkers

International brewers are helping transform Ethiopia’s business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa’s fastest growing economies.

World's largest spirits maker Diageo to pay up to $36M for full control of South Africa's United National Breweries

World's largest spirits maker Diageo to pay up to $36M for full control of South Africa's United National Breweries

Diageo is taking full control of the South African traditional sorghum beer company United National Breweries.

The Nigerian Stock Exchange's website home page

Boots on the Ground: Investing in Nigeria

I had initially planned to visit Nigeria in December, but postponed my trip until February due to concerns about Ebola. On my way to San Francisco International Airport, I contemplated the wisdom of my decision, having substituted greater political risk in light of the February 14th elections, for Ebola risk.

van Menezes, chief executive officer of Diageo Plc, poses for a photograph beside beer crates during a visit to the Meta Abo brewery, operated by Diageo Plc, in Sebeta, Ethiopia, on Wednesday, Feb. 25, 2015. Photographer: Simon Dawson/Bloomberg

Diageo's CEO Menezes sees Africa rising to 20% of sales after investing over $1B in the continent over the past five years

Diageo Plc, the maker of Guinness beer and Johnnie Walker whisky, wants Africa to account for 20 percent of its sales after investing more than $1 billion in the continent over the last five years, Chief Executive Officer Ivan Menezes said.

Addis Ababa, Ethiopia

Ethiopia bets on grand projects in drive for industrial power

Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia’s industrial rise.

Baker & McKenzie

Nigeria Deals Seen by Year-End as Equity Valuations Decline

Nigerian companies are turning into foreign acquisition targets as valuations slide with the price of oil, according to a law firm that advised on one of the country’s biggest Eurobond sales last year.

Siep Hiemstra, President of Heineken Africa and Middle East

Ethiopia's buoyant economy raises hopes for beer market growth: Siep Hiemstra, President, Heineken Africa & Middle East

Heineken is betting on Ethiopia’s rising incomes to fuel rapid expansion of the beer market in Africa’s second most populous country, where the group is the first of the big international brewers to build a new plant.

Africa: A continent of new consumers

Africa: A continent of new consumers

Africa has the foundation for an exceptionally long runway for consumer spending.

Doug Smart, General Manager, KFC Africa

How to succeed in selling to consumers in South Africa

Doug Smart, KFC’s general manager in Africa, is mulling the challenges his company faces in appealing to a cross-section of South Africans one morning at a restaurant in Johannesburg.

Ceddi Plaza, Abuja, Nigeria

New generation of Nigerian consumers is drawing retailers from all over the world

At the turn of the century well-off Nigerians struggled to shop in style. Most had to jostle in local markets to buy food or travel to the UK, US or Middle East to replenish their wardrobes.

Adiba Ighodaro, Partner, Actis

African Women to Watch: Private Equity (Video)

Private equity (PE) deals in Africa totalled $4B in 2013, almost quadruple the 2012 deal total, according to research from Preqin and Private Equity Africa.

Johnnie Walker Whiskey

Diageo Targets Africa Growth With Spirits Ahead of Beer

Diageo Plc (DGE), the world’s largest distiller, is relying on spirits such as Johnnie Walker whisky and Smirnoff vodka to drive expansion in Africa as economic growth boosts incomes and demand climbs for premium drinks.

Beer Brewery

Heineken's Ethiopia Plans Highlight Importance of African Market

Heineken will next month open a new brewery in Addis Ababa, Ethiopia, in what is the Dutch brewer’s latest push to expand in Africa, one of the world’s fastest-growing beer markets.

Siep Hiemstra, President, Heineken Middle East and Africa

Nigeria's Potential Outweighs Risk: Siep Hiemstra, President, Heineken Middle East & Africa

Heineken NV (HEIA), the world’s third-biggest brewer, said the potential of the Nigerian market outweighs the security risk caused by deadly bombings in Africa’s biggest economy.