By Reuters Staff
2 Min Read
Bottles of non-alcoholic Leffe beer are seen on the bottling line at Anheuser-Busch InBev brewery in Leuven, Belgium November 25, 2019. REUTERS/Francois Lenoir
MAPUTO (Reuters) - Anheuser-Busch InBev (ABinBEV), the world’s largest beer producer, has opened a new $180 million brewery in Mozambique, the firm said on Thursday.
The new site has a capacity of 2.4 million hectolitres per year, with potential to expand that to 6.7 million.
Located in Marracuene, 30 km north of the capital Maputo, it represents the biggest investment in the sector in Mozambique.
The Heineken group began producing beer in Mozambique in 2019 at a $100 million factory, also in Marracuene, with a production capacity of 800,000 hectolitres per year.
3 Min Read
(Reuters) - British American Tobacco said on Thursday it will buy a nearly 20% stake in Canada-based cannabis producer Organigram for about 126 million pounds ($175.8 million) as it seeks to expand beyond its main tobacco business.
FILE PHOTO: A cannabis plant is seen in a field at Hermel, Bekaa, Lebanon, July 31, 2013. REUTERS/ Mohamed Azakir/File Photo
Organigram grows cannabis and makes cannabis-derived products in Canada, where marijuana was legalised in 2018.
Big tobacco and liquor companies in North America have already made large investments in the nascent industry, with cannabis seen as a less harmful alternative to cigarettes.
With top Democratic lawmakers in the United States also promising to decriminalise marijuana use, analysts and experts predict record investment in the industry this year.
British American Tobacco said on Thursday it will buy a nearly 20% stake in Canada-based cannabis producer Organigram for about 126 million pounds ($175.8 million) as it seeks to expand beyond its main tobacco business.
3 Min Read
(Reuters) - British American Tobacco said on Thursday it will buy a nearly 20% stake in Canada-based cannabis producer Organigram for about 126 million pounds ($175.8 million) as it seeks to expand beyond its main tobacco business.
FILE PHOTO: A cannabis plant is seen in a field at Hermel, Bekaa, Lebanon, July 31, 2013. REUTERS/ Mohamed Azakir/File Photo
Organigram grows cannabis and makes cannabis-derived products in Canada, where marijuana was legalised in 2018.
Big tobacco and liquor companies in North America have already made large investments in the nascent industry, with cannabis seen as a less harmful alternative to cigarettes.
With top Democratic lawmakers in the United States also promising to decriminalise marijuana use, analysts and experts predict record investment in the industry this year.
By Reuters Staff
6 Min Read
SINGAPORE (Reuters) - A military coup in Myanmar and a bloody crackdown on protesters has piled pressure on foreign companies operating in the country. Some firms are scaling back or even pulling operations while those with ties to army-linked firms are being urged to cut them.
People flee to safety during an anti-coup protest in Loikaw, Myanmar March 9, 2021 in this still image obtained by Reuters.
Following is a snapshot of global firms doing business in Myanmar.
ENERGY
Total SE and Chevron Corp have a large offshore gas project in partnership with Myanmar Oil and Gas Enterprise (MOGE).