East African Breweries Limited’s (EABL) British parent firm Diageo is warning of up to Sh41 billion ($410m) or 2.7 percent hit in net sales for the year to June 2020 on disruption of business by the coronavirus outbreak. Diageo, which has a presence in six continents, says the expected dip is founded on the evolving […]
Category: Manufacturing
Fan Milk Ghana increases price of top products
The increment takes effect today, October 1, 2019. The price for Fanyogo and FanIce which was formally sold at GH¢1.00 will sell GH¢1.20p, whiles the price for Fan Ice 250ML goes for GH¢5.00. The increment comes at a time the Public Utilities Regulatory Commission (PURC) announced a 5.94 percent increase in electricity tariffs. Water tariff […]
Rwanda: Cement Price Speculators Face Fines
The Minister of Trade and Industry; Vincent Munyeshyaka has warned that heavy fines await those who are taking advantage of the current hitch in cement production to hike prices. Addressing a press conference at his office on Thursday, Munyeshyaka said that though there has been a shortage of cement on the market; the hiking of […]
Tanzania: Industrial park owners praise Magufuli anti-corruption drive
Kamal Group’s chairman, Mr Gagan Gupta, told the Permanent Secretary in the Ministry of Industry, Trade and Investment, Prof Elisante ole Gabriel, that with natural gas connection, factories operating from its 300-acre Kamal Industrial Park at Zinga in Bagamoyo will get access to reliable power supply. The developer of one of Tanzania’s privately-owned Industrial Parks, […]
$100m beer plant in Tanzania to stir up competition in East Africa market
Anheuser-Busch InBev NV (AB-InBev) — the world’s largest brewer — is planning to build a $100 million brewery in Dodoma, Tanzania. East Africa’s beer market is set for interesting times with reports that Anheuser-Busch InBev NV (AB-InBev) — the world’s largest brewer — is planning to build a $100 million brewery in Dodoma, Tanzania. AB-InBev’s […]
Serengeti Breweries to provide corn farmers with free seeds
SERENGETI Breweries Limited has come up with a programme to support farmers with free high quality seeds and link them to financial institution so as to acquire large scale farming. The Corporate Relation Director John Wanyancha said during the Parliamentary Budget Committee held at SBL Plant in Mwanza over the weekend that the brewer currently […]
Uganda’s Beverages industry irked by high taxes, 50% higher than neighbours
Soft drinks manufactures have appealed to the government to slash at least 5% on excise duty in order to encourage growth and investment in the sector. They said reduction in the excise tariff would free some income, allowing them to expand production and create more jobs. They said reduction in the excise tariff would free […]
Ethiopia: Pioneering Handmade Silk Garment in Ethiopia
Kathy Marshall, a Canadian by birth but a twenty-year veteran of Ethiopia, founded an original silk garment processing company in 2004 which she still leads as the General Manager. Her passion for preserving the rich weaving tradition of Ethiopia combined with her desire to create respectful and ethical work opportunities for the local people have […]
Imperial Bank collapse hits Kenya’s fish exports
The Central Bank of Kenya building in Nairobi. file PHOTO | NMG The value of Kenya’s fish exports dropped steeply following 2015’s closure of Imperial Bank and the subsequent shutdown of a major exporter that transacted its business through the troubled bank. Latest industry data shows that the value of fish exports dropped by Sh1 […]
Rwanda maintain tough stance on used clothes despite US lobbying
The U.S has made a fresh call for the East African Community not to phase out imported used clothes and leather products locally known as “Chagua”, but Rwanda says the U.S should not shift goals on what was agreed by the parties in 2015 when the African Growth and Opportunity Act (AGOA), pact was renewed. […]