Liquor group has Ethiopia, Zimbabwe and Nigeria on the radar screen
Distell, the liquor group controlled by investment behemoth Remgro, is looking at more expansion opportunities in Africa after recording high double-digit growth in Kenya, Mozambique and Zambia in the interim period ending December.
Rushton would not be drawn on what proportion of revenue and profits Distell hoped to generate in African markets over the longer term. “But East Africa is a central part of our growth plan.” A category breakdown showed that Distell’s cider and ready-to-drink brands saw a sprightly 15% revenue hike in African markets .Spirits sales on the continent soared 38.5% with wine revenues rising about 15%. Rushton emphasised Distell would continue investing in efforts to bulk up its African platforms. Recent initiatives have included securing a newready-to-drink brands partner in Ghana and starting construction of production facilities in Zambia.
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