Anheuser-Busch InBev (AB InBev), the world’s largest beer maker, expects the total investment in its new brewery at Sagamu in Nigeria, to be up to $400 million, according to Chief Executive, Carlos Brito.
“The $250 million brewery has already started operation and capacity will be expanded in phases”, Brito told reporters at a media briefing in Johannesburg, without giving a timeline for the next phase.
“Nigeria is becoming a more and more important market as we grow in that market.” -Brito
He further added;
“I mean we’re growing double digits we didn’t grow in the past as fast because we were lacking capacity and now that we have the capacity, strong brands and a great group of people, we’re challenging the status quo there”.