Ivan Menezes News

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.

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.

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.