Heineken N.V. and CFAO will form a joint venture in Ivory Coast called Brassivoire to produce and market beer in the country.
This new entity is owned 51% by Heineken and 49% by CFAO.
This new brewery, incorporating the very latest technologies, will be the first occupant of the new PK24 industrial zone to the north of Abidjan.
The two partners will invest 100 billion CFA francs (US$168.23 billion).
The brewery will have a capacity of 1.6 million hectoliters per year, brewing Heineken beer, as well as other brands, for the domestic market.
The first bottle of beer is expected to come off the production line at the beginning of 2017.
The joint venture is expected to create 700 direct jobs and support more than 40,000 indirect jobs.
It is also exploring the possibility of developing a local sourcing project for the agricultural raw materials it needs to produce its beers.
The objective of this project will be to improve yields as well as the capabilities and living standards of local farmers.
Heineken aims to source 60% of agricultural raw materials locally in Africa by 2020.
