Heineken also said it would buy the remainder of Namibia’s largest brewer, Namibia Breweries Ltd., that it doesn’t already own. The pandemic has affected Heineken’s business, like that of its rivals, in several big markets. The company’s third-quarter sales, released last month, were badly hit by restrictions in Vietnam because of Covid-19, though sales in Africa grew strongly following a ban on booze sales in South Africa from June into July. Mr. van den Brink said Monday the new business would be well positioned to capture significant growth opportunities across southern Africa. Excluding South Africa and Angola, two relatively rich countries, the rest of Africa drinks about 12 liters of beer per capita, compared with 73 liters per capita in North America, he said.

Source: The North Africa Journal November 15, 2021 21:37 UTC