Belgium-headquartered brewer Anheuser-Busch (AB InBev) expects the total investment in its new brewery at Sagamu in Nigeria to be up to USD 400 Mn. Chief Executive Carlos Brito revealed this while speaking to the press in Johannesburg on Wednesday.
The USD 250 Mn brewery already kick-started its operations and its capacity will be expanded gradually in phases.
The multinational drink and brewing holdings company has invested a bulk of money in South Africa and Nigeria. The chief executive disclosed adding that it is inclusive of the new brewery which is in Lagos, the commercial capital of Nigeria.
“Nigeria is becoming a more and more important market as we grow in that market,” he said.
(picture source: The Urban List)