EABL hits out at the Treasury over unpredictable tax regime

EABL hits out at the Kenya govt for increase in ‘sin’ taxes

East African Breweries has hit out at the government over increasingly unpredictable policy and regulatory environment. The giant brewer says this has undermined long-term investment decisions. “A predictable policy and regulation environment will help firms plan five, ten years out,” EABL chairman Charles Muchene said yesterday in Nairobi. “You have to keep taking into account […]

High taxes cut beer demand, says firm

High taxes cut beer demand in Kenya , says Tusker brewer EABL

East African Breweries Limited (EABL) leading brands Tusker and Guinness are projected to register sluggish growth in the medium term due to higher taxation, the brewer’s parent company Diageo has said. John O’Keeffe, Diageo Africa’s president, says a 43 per cent increase in excise duty on beer beginning December 2015 has adversely impacted performance of […]

Tanzania plans to revive tyre maker

Tanzania plans to revive tyre maker

The Arusha-based manufacturing PHOTO | FILE | AFP Tanzania is in talks with six multinational companies over plans for a joint venture to revive General Tyre East Africa, the giant tyre manufacturing plant in Arusha. The state-run National Development Corporation (NDC) said that three Asian corporations and another three from America, Europe and Africa have […]

HB Fuller to acquire Continental Products

HB Fuller to acquire East Africa’s Continental Products

Adhesives manufacturers HB Fuller will be acquiring East and Central African provider of industrial adhesives Continental Products. This transaction is expected to generate approximately €2.3m in revenue for the 2014 fiscal year. After the completion of the transaction, Continental will be included in HB Fuller’s Europe, India, Middle East and Africa (EIMEA) operating segment. Continental […]

Goods go up in smoke in Zimbabwe warehouse blaze

Goods go up in smoke in Zimbabwe warehouse blaze

Fire engulfs the main warehouse at Zimbabwe’s Beitbridge border post on Thursday night. There was chaos at the Beitbridge border post in Zimbabwe on Thursday night when the main warehouse went up in smoke, destroying confiscated goods and goods for which duty was still to be paid. The source of the fire was unknown but […]

How to Build an ‘African Model’ for Success in Manufacturing

How to Build an ‘African Model’ for Success in Manufacturing

When it comes to ramping up manufacturing in Africa, there are myriad impediments, but, given time and effort, they are surmountable, said participants on a panel titled, “Manufacturing: From Asian Tiger to African Lion?” at the recent Wharton Africa Business Forum in Philadelphia.Chief among the reasons why Africa is not yet close to succeeding East […]

Mulk Holdings wins Multimillion USD contract in Sierra Leone

Mulk Holdings wins Multimillion USD contract in Sierra Leone

Mulk OGI – Oasis Gulf Investment, FZC, a company of the Sharjah-based diversified conglomerate affiliated to Mulk Holdings (http://www.mulkholdings.com), has recently won a multimillion USD contract to provide Engineering, Procurement and Construction (EPC) expertise for the pioneering USD 18 million project, based in Freetown, Sierra Leone, and to become one of West Africa’s largest solar […]