As a leader within a major business in Africa, I am acutely aware of the impact that my company has on the communities and economies around me – and the potential that we have to catalyse and enhance development.
The success of Africa is critically important to the success of SABMiller and, in the last five years, the company has invested over $1.75 billion, with many hundreds of millions further investment anticipated over the coming years.
Investment from multinational companies, their tax contributions and the broader economic value that they generate is important for economies in developing countries – to create jobs, provide funding for infrastructure improvements and support a wide range of businesses up and down the value chain.
In order to better understand the impact that we have, we commissioned an independent academic report by Professor Ethan Kapstein of INSEAD. He looked at the role that a business like SABMiller plays in Africa and you can see some of the results in this animation.
Professor Kapstein examined our operations in three African countries – Ghana, Mozambique and Uganda. Here are some of his key findings:
•In Ghana, we directly employ 850 people, supporting 17,600 jobs and generate $117 million dollars of added value for the economy.
•In Mozambique we contribute $106.4 million of economy-wide tax income and support at least 73,100 jobs throughout the economy
•In Uganda, where we source extensively from local farmers, each SABMiller job supports over 200 local jobs and our subsidiary Niles Breweries contributes substantially to the tax income of Uganda with US$ 78.8 million economy-wide tax income, equal to 4.2% of total Ugandan tax income.
From these detailed country studies he calculated our contribution to economies across sub-Saharan Africa and found that for every person we employ, 56 additional jobs are supported – a total of 765,000 jobs across sub-Saharan Africa.
These numbers are important – by understanding where and how we impact on communities and economies, we can ensure that our investments and supply chains maximise the wider potential advantages. This enables us to ensure that the success of our business benefits as many people as possible.