Mozambique: Biggest brewery to open plant in north

5 August 2008

Nampula, Mozambique, 5 Aug – Mozambique’s largest drinks company, Cervejas de Moçambique, in which South Africa’s SABMiller is a majority shareholder, will invest US$ 60 million on a new brewery at Nampula in the north of the country.

A company source said the US$ 60 million will also be used to boost production capacity at the firm’s existing plants at Maputo and Beira. Cervejas de Moçambique is one of the country’s most profitable businesses and among the ten biggest in Mozambique, according to a recent study.

SABMiller holds 65 percent of shares in the drinks group, to the 13.48 percent of founding shareholders, 10 percent of the company’s workers and 5 percent held by management company SPI. A further 2 percent of shares are owned by the Mozambican state and remaining stock held by small investors. (macauhub)