Härnösand, Sweden, Terms & Conditions Necessary cookies are absolutely essential for the website to function properly. If adding the fiscal stamp slows down the line, then less beer will be produced, and less will be consumed. But progress in setting up the infrastructure to tap them has been glacial, slowing the pace of investment in many sectors. "There is a huge cassava crop in Mozambique, and cassava growth and some barley development will be our major initiatives for the coming year," Liversage said. Grand Place 1 He says that the outlook for the beer industry in Africa is sound with strong GDP growth of 4-6 percent per annum and population growth of 2.5 percent, and within that framework a low priced entry to beer drinking is extremely important. Last database update: 12.10.2020 17:07 These cookies will be stored in your browser only with your consent. In 2004, SABMiller introduced its first sorghum beer Eagle in Uganda which now accounts for half of its 55 percent market share, and with major competitor Diageo also seeing success, around half of Uganda's beer is sorghum-based. Absolicon Solar Collector AB Certified with Solar Keymark. This category only includes cookies that ensures basic functionalities and security features of the website. But opting out of some of these cookies may have an effect on your browsing experience. Privacy policy Contact Us v2.0.2 - © 2017 ANHEUSER-BUSCH INBEV We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Euronext Brussels Currently only one company produces beer in Mozambique, CDM (Beers of Mozambique), with breweries in Maputo, Beira and Nampula. Tel: +32 16 276 111. media.relations@ab-inbev.com. The first Cassava beer will be brewed in Mozambique. The CDM production lines can fill between 60,000 and 120,000 bottles per hour. This website uses cookies to improve your experience while you navigate through the website. Open Share. AB InBev is committed to reduce the CO2 emissions up to 25 % across the entire value chain by Year 2025. Physical fiscal stamps have already been imposed on tobacco products and on wines and spirits, and the AT claims they have significantly increased revenue from these products. SABMiller said it would use about 40,000 tonnes of raw cassava each year in the production of Impala from more than 1,500 smallholder farmers. Global Director, Investor Relations Institutional Investors & Analysts, EMEA and Asia Pacific The Investor Relations team will not be able to respond to other inquiries such as those regarding sponsorships, product ideas, consumer issues, etc. Jency.John@ab-inbev.com. Global Headquarters Leuven. CDM has developed a beer recipe that uses cassava starch, replacing traditional ingredients such as malted barley, sugar and corn, Liversage said. Mozambique, with a population of 22.9 million people, has gross domestic product per capita of $950, compared with the African average of $2,802, according to the website of the African Development Bank. Belgium, By submitting this form, you agree to be bound by the Terms of Service and Privacy Policy, © 2020 Anheuser-Busch Companies LLC, St. Louis, MO 63118. Its first cassava beer, named Impala, was launched in late October and within just over 2 months had taken 1.7 percent of Mozambique's beer market and has boosted output at SABMiller's third and newest brewery at Nampula in the north of the country. Tel +1 212 573 9287 Anheuser-Busch InBev The Mozambican Tax Authority (AT) is pushing ahead with plans to impose fiscal stamps on bottled and canned beer, despite warnings from the drinks industry that the stamps may lead to a reduction, rather than an increase, in tax revenue, AllAfrica.com reported on May 2. Although sorghum and cassava is around 60 percent the price of malting barley, there still needs to be a cut in excise tax to reduce the price of these beers significantly which has seen them sell well in Uganda, Kenya and Mozambique. Using locally-produced sorghum and cassava rather than pricey imported malting barley is key to this strategy as is the increasing use of keg beers rather than bottled ones and encouraging traditional cloudy sorghum-made Chibuku beer. SABMiller's Africa region, excluding South Africa, saw the fastest growth in underlying beer volumes, up 15 percent, of all its regions in its half-year to end-September. Global VP, Investor Relations Substantial gas reserves discovered off Mozambique’s Indian Ocean coastline more than a decade ago were expected to jumpstart its economy. If you have questions as a registered (nominative) shareholder or a restricted shareholder, please contact registeredshareholders@ab-inbev.com. "We estimate that the volume of the informal, unregulated alcohol market across Africa could be up to four times that of the formal market," said Mark Bowman, managing director of SABMiller's African operations. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The strategy has not worked as well in Tanzania as the nation has a more moderate excise tax regime and the cut for sorghum-based Eagle was only to 75 percent that of barley beers, and so only allowed Eagle to be priced at 88 percent of its mainstream national beers brands Kilimanjaro and Safari.
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