The Entrepreneur Africa Magazine

Ab Inbev’s $100m investment in Tanzania

AB InBev, which owns a majority stake in Tanzania Breweries Limited, the country’s biggest brewer, will invest $100 million in a new beer plant in the administrative capital Dodoma, the president’s office announced.

President John Magufuli on Monday chaired a day-long meeting with major foreign and local investors and gave government ministers a seven-day ultimatum to resolve investor concerns.

“I want to assure you that my government does not hate business people – we like them and we will support them … this is the right time to do business (in Tanzania), but you must pay your taxes,” the president’s office quoted Magufuli as telling investors.

See Also:  Polystar Electronics Products Can Help Improve The Quality Of Your Life

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.