SABMiller Investing $2.5 Billion in Africa

Yes boys & girls that’s billion with a “b” so it looks like there’s tremendous market growth outside South Africa.  This form the Chicago Tribune:

SABMiller plans to invest up to $2.5 billion in Africa over the next five years to build and revamp breweries, its head for the region said on Monday, as it looks to slake rising demand for beer in the fast-growing continent.

"We are still looking at around 400 to 500 million dollars a year ... for the next three to five years," Mark Bowman, SABMiller's managing director for Africa told the Reuters Africa Investment Summit.

"There's quite an attractive growth in markets outside South Africa so we will be investing basically to meet and be ahead of demand," he said in an interview at Reuters offices in Johannesburg.  Full story HERE.

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