Nigeria and nine other African countries have emerged as very promising beer markets, a research by Renaissance Capital, a leading emerging markets investment bank has revealed. Renaissance analysts expect significant sector growth across the region, driven by a growing population, increasing discretionary income, high alcohol consumption per capita, a strong preference for beer, and the expansion and increased efficiency of brewers’ distribution networks. (more…)

Diageo Plc (DGE), the world’s largest distiller, surged in London trading after reporting improved full-year profit and targeting accelerated sales growth. (more…)

Kirin Holdings Co., Japan’s second- largest brewer, paid 3.95 billion reais ($2.5 billion) to gain a majority stake in the Brazilian maker of Nova Schin beer, adding Latin America’s biggest beer market to its global footprint. (more…)