A sorghum farm. FILE PHOTO | NMG Sorghum farmers in Makueni County are returning to contract farming with brewers after getting a new seed variety that is less prone to destruction caused by birds, which had driven them abandoning the crop. Brewers normally prefer Gadam variety for processing of Keg, however, this variety targeted by […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
Women legislators address the media outside Parliament Buildings in Nairobi on February 27, 2019 after a vote on the two-thirds gender bill flopped for a record fourth time following a quorum hitch. PHOTO | JEFF ANGOTE | NMG Men dominate Kenya’s economic, political and social spheres despite women making up the majority of the population. […]
Ory Okolloh and Virginia Wilson have been appointed as the Adecco Group Foundation ‘s first external Board members. The announcement was made by Alain Dehaze, the CEO of the Adecco Group and Chairman of the Adecco Group Foundation. Before joining the Adecco Group Foundation Board, Ory was the Managing Director of the Omidyar Network and […]
East African Breweries Limited (EABL) has narrowly missed a complete performance turnaround with its full year profit to June slipping by a single percentage point. The alcohol beverage manufacturer earnings have fallen by a narrow margin to Ksh.6.96 billion from Ksh.7.02 billion at the same stage last year. The negligible dip in performance is largely […]
East African Breweries Limited #ticker:EABL has completed acquisition of additional 30 percent stake in Tanzanian subsidiary for $55 million (Sh5.98 billion), raising its ownership to 85 percent. EABL, majority-owned by UK’s Diageo, had disclosed plan to increase its stake in Serengeti Breweries in March 2020 after identifying the Tanzanian market as promising for growth of […]
The late businessman Nginyo Kariuki. FILE PHOTO | NMG The widow and children of the late businessman Lawrence Nginyo Kariuki risk fines and jail terms after the High Court declared that they had appropriated part of his assets before receiving permission to manage the estate. The court has also ordered a forensic audit of the […]
•Profit after tax however slightly dropped by one per cent to Sh7 billion, mainly impacted by cost inflation, tax and foreign exchange impact. •Canned beers have also played a key role driving the company’s sales in the wake of the pandemic, where bars and restaurants continue to operate on limited hours. Revelers at a night […]
EABL plant in Ruaraka, Nairobi. FILE PHOTO | NMG East African Breweries Limited (EABL) reported a marginal net profit drop in the year ended June as higher costs offset increased sales, with the company freezing dividend payouts to preserve capital. The firm’s net earnings in the review period stood at Sh6.96 billion compared to Sh7.02 […]
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