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Zimbabwe brewer Delta raises beer prices by 25%

Zimbabwe beverage-maker Delta Corp. Ltd. raised Jan. 7 wholesale prices of lager beer by an average 25% due to "significant" increases in local costs, while adding that it is assessing the cost impact on its other products.

Delta cited official inflation statistics for the price rise, which also seeks to address adequate profit-sharing with its retail partners.

The move by Delta, which is 40% owned by Belgium-based beverage giant Anheuser-Busch InBev SA, follows the brewer dropping a plan Jan. 3 to only accept hard currency for its beverages on government opposition. Zimbabwe has been facing a shortage of U.S. dollars in the country, affecting operations of companies like Delta.