Beverage, Zambian BreweriesJanuary 10, 2019

A Coke Dividend
Psssst! That’s the sound that shareholders of Zambrew (Zambian Breweries Plc.) will be hearing when they hear the news that the board of directors for their company at their meeting on 27 December 2018, passed a resolution to declare a Special Dividend of 3.68 Kwacha per share for the financial year ended 31 December 2018 […]

Beverage, Zambian BreweriesDecember 18, 2018

Epilogue of the Coca Cola Transaction
The deal is finally done. Zambia Breweries Plc. announced on 14th December 2018, that the long awaited conclusion of the sale of their interest in non-alcoholic beverages unit was finally done. The company’s completion of the disposal of the ready-to-drink business segment was padded with their disposal of shares in Kalundu Beverages Limited. We had […]

Beverage, National BreweriesNovember 13, 2018

Natbrew Plc at Half Year 2018
The parent company of Chibuku has had an interesting half year for their 2018 financial year. In a period their Stock Exchange News (SENS) announcement described as “steady”, competitive forces were rife. Draught beer, clear beer, cheap spirits and a handful of new entrants (notably package segment) into their market segment meant price wars and […]

Beverage, Zambian BreweriesSeptember 3, 2018

Zambian Breweries at Half Year 2018
Pssshhhhhh was the sound a Mosi bottle made when we reviewed the half year results of Zambian Breweries PLc for 2018. It is clear from the financials that the company enjoyed a stellar performance during the first 6 months of the year. Selling 13% more beverages by volume, AB InBev must be proud of their […]

Beverage, Zambian BreweriesMay 21, 2018

Zambrew Loses Taste for Coca Cola
It started in October 2016 when the first cautionary announcement (published through SENS Announcement from LuSE) was made by Zambrew on its proposed disposal of the non-alcoholic ready-to-drink business segment of the company. In that announcement (and 8 others that followed), shareholders were advised that on 11 October 2016, Anheuser-Busch Inbev (ABInBev the parent of […]

BeverageJanuary 4, 2018

Delta steps in to ‘save’ Chibuku
\When Financial Insight Zambia published “Budweiser lacks taste for Chibuku 2017”, we predicted with certainty that it was only a matter of time before National Breweries’ flagship beverage was going to be disposed of. Its finally been sold. In SENS Announcement from National Breweries of 2nd January 2018, the company announced that Heinrich’s Syndicate Limited […]

BeverageJune 29, 2017

A Standing Ovation Performance: Zambrew 2017 Review
To create value from cassava on the back of one of the most challenge macroeconomic periods for business Zambia has ever seen deserves a standing ovation. It is clear from the Chairman of Zambrew, Valentine Chitalu, that he was proud of what Annabelle Degroot and her team had accomplished by financial year end 2017. Not […]

Beverage, National Breweries, Zambian BreweriesJune 26, 2017

The History of Beer in Zambia
Zambian Breweries, born in 1963. Started off as Northern Breweries Limited. Back then it was a private company formed by South African Breweries and Labatt Breweries of Canada in a 80 to 20 percent shareholding agreement. Plants started brewing in Ndola and Lusaka. However, in 1963,government nationalized the company splitting it into two separate entities:Zambian […]

Beverage, National BreweriesJune 23, 2017

How Opaque Can You Get? National Breweries 2016-17 Review
Valentine Chitalu, National Breweries Chairman, does not mince his words when he implies his company is at war in a differentiated oligopoly market for opaque beer. Although he cites “economic shocks experienced in the local economy for most of 2015 and part of 2016 that included power shortages, low copper prices, volatile exchange rates and […]

Beverage, National Breweries, Zambian BreweriesMay 22, 2017

Budweiser lacks taste for Chibuku 2017
On 16th May 2017, shareholders of National Breweries were issued with a cautionary note relating to circumstances relating to NatBrew. A further cautionary note was issued on 17 th of May which indicated that the maker of global brands Budweiser, Corona and Stella Artois (Anheuser-BuschInBev SA/NV) was undertaking a review of its strategic options relating to its investment in NatBrew, [&hell