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UK’s Kensington Distillers acquires 1960 Rootz spirits brand from AB InBev



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NIGERIA – Kensington Distillers and Vintners Limited (KDV), the London-based beverage producer has acquired the 1960 Rootz flavored spirits brand from AB InBev’s Monument Distillers Nigeria.

The acquisition includes the state-of-the-art manufacturing plant used to produce 1960 Rootz, which according to KDV will soon be moved from AB InBev’s Port Harcourt production facility to Lagos where Kensington’s offices are based.

KDV which produces international brands Bannerman’s Finest Scotch Whiskey, Grace du Roi Fine Wine and Mazzatti Italian Beer, Kensington Distillers & Vintners said the transaction will also see the business incorporated as Monument Distillers.

However, Ajay Malhotra, Managing director at Monument Distillers Nigeria Limited, noted that the 1960 Rootz brand will remain unchanged.

“AB InBev built an extremely successful brand in 1960 Rootz, and we believe it has the potential to lead this uniquely Nigerian flavoured spirits category which grew by 21% from 2016 to 2017.

We won’t be changing anything – the brand’s much- loved taste will remain the sam,” he said.

Ajay said that the firm will continue to build on the success of the brand: “We are delighted to be given the opportunity to continue to grow 1960 Rootz and for us to use our newly-formed Monument Distillers business to accelerate the growth of our international brands”

Kensington Distillers said that the new subsidiary, Monument Distillers will be launching a number of exciting new international brands in Nigeria soon under the guidance of respected board members, reports Beverage Industry News.

Notably, the board members include liquor industry veteran, Mark Bowman, who led SABMiller Africa across 18 African markets directly and a further 21 in partnership with the Castel Group.

Rowan Leibbrandt, who began his liquor industry career working across multiple European markets in a variety of commercial and marketing roles for William Grant & Sons and liquor giants, Pernod-Ricard is also on board.

Rowan pioneered the launch of KDV as well as contributed to the rapid growth of the South African liquor distributor, Truman & Orange.

More recently, Truman & Orange partnered with Kensington Distillers & Vinters to launch their range of privately-owned drinks, including Bannerman’s Scotch Whisky; Mazzatti Beers and Grace du Roi Sparkling Wines, among others in SA.

Other include Michael Ajukwu,a Monumental Distiller Board member and Olayemi Cardoso who serves as Chairman of Citibank Nigeria and Chairman of African Venture Philanthropy Alliance (AVPA).

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24 Hours Across Africa

World food prices hike for first time in five months: U.N. FAO



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World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United Nations food agency said on Thursday.

The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.7 points in October, up 1.7% on the previous month and 6.0% year-on-year.

FAO also predicted that cereal production would be 2.704 billion tonnes in 2019, slightly lower than its last forecast.

The FAO sugar price index jumped 5.8% from September levels, largely because of expectations of lower supplies in the year ahead following forecasts of large reductions in sugar output in India and Thailand.

The cereal price index rose 4.2%, with wheat and maize export prices climbing on the back of reduced crop prospects in several major producing countries and “robust trade activity”. By contrast, rice prices fell, hit by subdued demand and expectations of an abundant basmati harvest.

The vegetable oil price index increased 0.5% to reach its highest level in more than a year, while the meat price index rose 0.9%, driven by higher import demand especially from China.

By contrast, the dairy price index dropped 0.7% in October, as lower quotations for cheese offset increases in those for skimmed and whole milk powders, FAO said.

FAO lowered its forecast for global cereal production in 2019 by some 2 million tonnes, pegging world cereal output at 2.704 billion tonnes, but still up 1.8% from 2018 levels.

The U.N. agency said worldwide coarse grain production in 2019 was seen at 1.425 billion tonnes, down 1.3 million on the previous forecast.

Wheat output was seen at 765 million tonnes, down nearly 1 million tonnes on the last outlook, but still on course to set a new record and up 4.5% on 2018 levels.

The forecast for global rice production was put at 513.4 million tonnes, little changed on the previous forecast and slightly below 2018 levels.

Source: Reuters

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24 Hours Across Africa

Director Genevieve Nnaji reacts over Oscar snub.



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Nigeria’s first-ever Oscar submission for best international feature film has been disqualified by award organisers, sparking criticism from its director.

Films in this category, formerly best foreign language film, must have “a predominantly non-English dialogue track”.

However, the 95-minute film Lionheart is largely in English, with an 11-minute section in the Igbo language.

Director Genevieve Nnaji  said the film represented how Nigerians communicate.

The disqualification of the film by The Academy of Motion Picture Arts and Sciences was announced to voters in an email on Monday, according to The Wrap.

Ava DuVernay, director of Selma and A Wrinkle in Time, questioned the decision on Twitter, pointing out that English is Nigeria’s official language.

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Ms DuVernay became the first black woman to direct a live-action film with a budget of more than $100m in 2016.

Ms Nnaji, who directed and starred in Lionheart, thanked Ms DuVernay for speaking out, saying the film “represents the way we speak as Nigerians”.

She added: “This includes English which acts as a bridge between the 500+ languages spoken in our country.”

In another tweet, she said: “We did not choose who colonized us. As ever, this film and many like it, is proudly Nigerian”.

English is still the official language of Nigeria because of British colonisation, which lasted for nearly a century until independence in 1960.

Lionheart, which is currently streaming on Netflix, is about a Nigerian woman trying to keep her father’s company together in a society dominated by men.

Media captionThe Tanzanian making ‘pure African’ film costumes

The best foreign language film category was changed ahead of the 2020 awards to best international feature film, with the Academy saying that the reference to “foreign” was “outdated within the global filmmaking community”.

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