<strong>Bira 91 raises fund from Japanese beer giant</strong>

Bira 91 has announced that it has raised $70 million in Series D funding, led by leading Japanese beer firm Kirin Holdings.

The raised funds will be allocated to expand Bira 91's production capacity by commissioning new breweries and expanding its existing facilities.

Additionally, investment out of raised funds will also be made to increase the company's distribution footprint nationally and internationally and further bolster Bira 91's product development and innovation capabilities, the company said in a statement.