Still Bullish Beer

BMI continues to like the Nigerian beer industry. With strong scope for volume and value sales growth and a population of more than 150mn behind it, the Nigerian industry is arguably Sub-Saharan Africa's most promising. We base this largely on the country's demographic strength, the intense competition that exists within beer and a strong macroeconomic economic outlook. Our bullish view on Nigerian beer ties into our increasingly positive view on the African consumer.

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