After an initial investment of $134 million, beer output at the plant in the northeastern Democratic Republic of Congo city of Beni more than tripled to 600,000 hectolitres between 2013 and 2021. Brasimba, which has been controlled by France’s Castel Group since 1995, further expanded production in Beni last year with a second filling line. Along with warehouse expansion, this should help Brasimba manage supply disruptions as the impoverished province grapples with a major offensive by the M23 rebel group. Brasimba’s brewery was founded in 1925 and its Beni factory employs around 130 people and a further 180 temporary workers, providing much-needed income in a country where the World Bank estimates 73% of people live on less than $1.90 a day.
SOURCE: NASDAQ