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AB InBev to build brewery in Tanzania

Belgian alcoholic beverages manufacturer Anheuser-Busch Inbev SA/NV will create a $100 million brewery in Dodoma, Tanzania, as part of its expansion plans in Africa, Bloomberg News reported March 20.

The move reportedly comes after a meeting between President John Magufuli and Ricardo Tadeu, AB InBev's Zone President of Africa.

The company, which acquired rival SABMiller in 2016 for $106 billion, has been increasing its investments in Africa after it saw a rise in demand for its beers, Bloomberg reported March 2. The beer maker reportedly is building another brewery in Nigeria.