BECK & CO INVEST IN NAMIBIA

NAMIBIA Breweries Limited is finalising a new joint venture with Germany’s biggest export brewery, the Bremen-based Beck & Co. In a statment NBL said an agreement has already been signed in terms of which a holding company will be formed with Ohlthaver & List as the majority shareholder. O&L said the venture is a “massive German investment in the future of Namibia”. NBL said the joint venture will help it consolidate its future growth in the Southern African market.