Asahi goes big in Africa with $3bn deal for maker of Tusker beer
Food & Beverage
East African Breweries buy raises eyebrows in wake of cyberattack on Japan brewer
Tusker beer, made by Kenya-based East Africa Breweries, has been in the region for more than a century. © AP
TOKYO — With its planned acquisition of the maker of elephant-branded Tusker beer, Japan’s Asahi Group Holdings hopes to become a giant presence in the African market. But markets are skeptical of the move.
