SABMiller to invest $110 million in NigeriaStaff writer ▼ | January 27, 2014
SABMiller made an initial investment of more than $100 million in the Onitsha brewery, making it the largest single investment in Anambra State for almost 20 years.
Due to company's growth and in particular the success of Hero Lager, a further $110 million will be invested in the brewery to triple its current annual capacity from 700,000 to 2.1 million hectolitres. Currently, the business directly employs 300 local people and the investment will lead to the creation of a further 400 direct jobs.
Simon Harvey, SABMiller Nigeria Managing Director, said: "We have made significant investments over the past five years in Nigeria and this announcement demonstrates our ongoing commitment in the country". ■