SABMiller shuts South Sudan brewery on foreign currency shortage

SABMiller Plc will close its brewing operations in South Sudan, the world’s youngest country, by mid- February as a foreign-currency shortage curtails its ability to import raw materials.

The company will cut as many as 176 jobs by the end of March, said Carlos Gomes, the managing director of South Sudan Beverages Ltd. The brewer has failed to make a profit in the war-torn country since setting up the nation’s first brewery in 2009, he said in an interview in October.

~Bloomberg