Saudi Arabia, the world’s third largest defense spender, aims to cut its defense import bill by 50% by 2030. In an effort aimed at developing Saudi Arabia’s domestic defense industry, Saudi Arabian Military Industries (SAMI) and South Africa’s Paramount Group… Read More ›
South Africa
Coca Cola drops plans to re-franchise Coca-Cola Beverages Africa unit
Coca Cola will now reclassify its financial statements from second quarter in 2019 to include CCBA as part of its continuing operations. It did not provide an explanation for the postponement of its re-franchising plans. In a development that marks… Read More ›
Coca Cola acquires AB InBev’s stake in its African botting plant for $3.15 billion
This marks AB InBev’s final disinvestment following its acquisition of SABMiller. Subject to regulatory approvals, this deal is set to close by the end of 2017. In a development that underscores AB In-Bev’s push to consolidate its acquisition of SABMiller,… Read More ›