AB InBev Zimbabwe Charges Hard Currency to Fight Dollar Shortage
- Delta tells beer customers it needs dollars to pay importers
- Zimbabwe struggling with rising inflation, foreign exchange
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Delta Corp Ltd., part owned by Anheuser-Busch InBev SA/NV, told Zimbabwean customers it will only accept hard currency for its beverages as local businesses struggle to cope with foreign-exchange shortages.
The maker of Castle Lager, Chibuku sorghum beer and a range of soft drinks hasn’t been able to pay some international suppliers for “extended periods,” choking off access to further credit, the Harare-based company told retailers and wholesalers in a letter dated Jan. 2. Delta, which will implement the measure from Friday, isn’t receiving enough foreign currency from banks to pay for imports, it said.