Mozambican beermaker Cervejas de Moçambique (CdM), a subsidiary of multinational drinks maker SAB-Miller, plans to invest a further US$124 million over the next two years the company’s managing director, Grant Liversage said last week in Maputo.
During a meeting to present a study on the social and economic impact of CdM carried out by French management school Insead, which concluded that the company is by far the biggest individual taxpayer in Mozambique, Liversage noted that the investment would be used to build two beer factories, most likely in the provinces of Tete and Sofala.
The Insead study showed that the company had paid 2.98 billion meticals (around US$108 million at the current exchange rate) in 2010, which accounted for 7.2 percent of tax charged by the Mozambican state in that year.
Liversage said that in the first five months since the launch of Impala beer, which is based on cassava rather than malt, the Nampula factory had produced 3 million bottles or 15,000 hectolitres of that beer, and that 880 tons of cassava produced by 550 farmers had been used. (macauhub)