SABMiller logo

News

SABMiller commits $2.5 million to investment climate facility for Africa

1 June 2006

Ref 21/2006

SABMiller announced today at the Africa World Economic Forum in Cape Town, that it will commit $2.5 million over a five year period to the Investment Climate Facility for Africa (ICF). 

SABMiller believes that the ICF is an important initiative which will help African countries create business environments that will encourage international investment and generate sustainable business opportunities for small businesses and entrepreneurs. 

With brewing interests in 29 African countries, SABMiller has an established track record of empowering and supporting the creation of local businesses and contributing to the development of the business environment in the countries in which it operates.

Graham Mackay, Chief Executive of SABMiller said, “We are delighted to support the ICF as we believe that the private sector is the engine for growth in Africa.  International investors, small businesses and entrepreneurs must be able to take advantage of the many business and investment opportunities that Africa has to offer.  To do this in a successful and sustainable manner, they need business and investment-friendly environments.  We believe our experience as a leading multinational brewer, with our origins in Africa, will enable us to contribute significantly to the ICF”.  

Ends

Notes to editors:

SABMiller in Africa
SABMiller plc has financial and beverage interests in 29 African countries, including those in which our strategic partner, Castel, operates. The South African Breweries (SAB) Ltd runs beer and soft drinks businesses in South Africa, with the other African markets managed by SABMiller Africa and Asia. Both companies are based in Johannesburg. SABMiller’s main products in Africa include lager, carbonated soft drinks, water wine and spirits and traditional beer made from sorghum.

SABMiller
SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across five continents. The group’s brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands.  Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.
 
In the year ended 31 March 2006, the group reported US$2,626 million adjusted pre-tax profit and a turnover of US$15,307 million.  SABMiller plc is listed on the London and Johannesburg stock exchanges.

This announcement is available on the company website: www.sabmiller.com

High resolution images are available for the media to view and download free of charge from: www.vismedia.co.uk

Enquiries:  
  
SABMiller plc  
Tel: +44 20 7659 0100
  
Sue Clark 
Director of Corporate Affairs 
Tel: +44 20 7659 0184
  
James Crampton 
Media Relations Manager 
Tel: +44 20 7659 0172
  
This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of SABMiller plc (the "Company") or any of its affiliates in any jurisdiction or an inducement to enter into investment activity.

This document includes "forward-looking statements".  These statements may contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning.  All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements.  These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.  These forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future.  These forward-looking statements speak only as at the date of this announcement.  The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Any information contained in this announcement on the price at which the Company's securities have been bought or sold in the past, or on the yield on such securities, should not be relied upon as a guide to future performance.

Back to news index

Close

Share to...

  • Facebook
  • Twitter
  • LinkedIn
  • Delicious
  • Stumbleupon
  • Reddit
  • Digg
  • Yahoo
  • Google