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SABMiller to invest $260m in Africa

SABMiller plans to invest around $260m to expand the capacity of its subsidiaries in Ghana, Tanzania, Uganda and Zambia next year.

SABMiller CEO Graham Mackay told Dow Jones Newswires that the company also plans to commission a doubling of its Sudanese capacity this year.

"Profit margins in Africa as a whole are higher than those in China, although they don't match those in Latin America. Overall, emerging markets including Africa account for about 80% of the company's earnings.

"Africa as a whole is by and large a beer continent...growth in Africa is partly to do with so many people coming into the cash economy," Mackay said.

SABMiller Africa managing director Mark Bowman said the investment is in addition to the $1.5bn that the company has already invested in Africa in the past five years, reported the drinks business.

16 Mar. 2012

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