Belgian drink and brewing giant Anheuser-Busch InBev's Nigeria-based subsidiary, International Breweries Inc. has allocated a 60 million naira ($74,730) grant through the International Breweries Foundation to support fifty emerging entrepreneurs. This initiative was celebrated at the 8th Kickstar Awards Ceremony with the theme of From Ideas to Impact: Nurturing Young Entrepreneurs for Economic Growth. The ceremony honored twenty-six female and twenty-four male entrepreneurs for their outstanding business ideas, with grant amounts ranging from $900 to the grand prize of $3,600. Over the course of eight editions, this grant program has already assisted four hundred twenty-five young entrepreneurs, resulting in the creation of one thousand six hundred direct jobs and three thousand indirect jobs. International Breweries Plc, the parent company, operates in Nigeria and has demonstrated a commitment to supporting youth entrepreneurship and promoting economic growth.
International Breweries Plc, known for its iconic Trophy beer and Betamalt non-alcoholic malt beverages, remains dedicated to positively impacting the communities where it operates. This grant initiative aligns with the company's vision of empowering young people to reduce unemployment and foster confidence in their creative abilities. In a time when corporate social responsibility is gaining importance, International Breweries Plc sets an example in the industry by supporting entrepreneurship and fostering youth development. Additionally, the company recently reported impressive financial results, with an unaudited net revenue of $891.1 million for the third quarter, signifying its robust business performance and growth.