Kiambu County Governor James Nyoro (left) with KWAL managing director Lina Githuka (center) during the groundbreaking for the brewer’s factory at Tatu City on February 12, 2021. PHOTO | FRANCIS NDERITU | NMG Absa Bank Kenya is lending Sh3 billion to Kenya Wines Agencies Limited (Kwal) to fund the construction of its distillery plant at […]
Tag: east african breweries
Dividend boom is here as banks turn the corner on Covid woes
Investors and analysts, during the peak of Covid-19 infections, did not expect payouts to snap back quickly to 2019 levels. Kariuki Ngari, the chief executive of Standard Chartered Bank of Kenya, says he does not need to “hold anything in excess” like in 2020 when Covid-19 disruptions convinced him to conserve cash. At the time, […]
EABL & Tusker launch campaign to celebrate 100 years of existence
East African Breweries Plc (EABL), and its flagship brand Tusker, have launched a year long campaign to celebrate 100 years of existence across East Africa. Established in Ruaraka in 1922, EABL has transformed into the biggest manufacturing operating in the region, impacting millions in its value chain where the company sources raw material, makes and […]
Grace Nshemeire Appointed PSFU Chief Operating Officer
The Private Sector Foundation-Uganda (PSFU) has Saturday announced the appointment of Grace Nshemeire-Gwaku, as the new Chief Operating Officer. According to a statement issued by PSFU, Nshemeire’s appointment took effect on March 1, 2022. Grace joins the Foundation with over 18 years of experience in the private sector arena, leading projects across various countries; Uganda, […]
Happy International Women’s Day!!! Top messages from senior female CEOs
NAIROBI, Kenya, March 8 -As the world marks International Women’s Day (IWD) whose theme is Gender equality today for a sustainable tomorrow ,Kenya has not been left behind as it boasts of successful Chief Executive Officers, Managing directors who have steered good leadership in their respective workplaces. Despite the existence of gender gap in various […]
NSE optimistic on bond trade as mortgage firm lists
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ The Nairobi Securities Exchange (NSE) sees a positive outlook for the private bond market in Kenya, urging investors to seize the opportunity to reap dividends. Speaking at the official launch of trade on Kenya Mortgage Refinance Company PLC (KMRC) bond at the bourse, […]
A toast to Tanzania for the fastest growth as we go into next century
Kenya Breweries Limited Managing Director Jane Karuku during interview with The EastAfrican in Nairobi on March 1, 2022. PHOTO | JEFF ANGOTE | NMG Whether it is Kenya Breweries, Serengeti Breweries or Uganda Breweries, EABL is an integral part of the society and the economy. In 2000, EABL attracted the global firm Diageo, who acquired […]
Tanzania: Dar es Salaam Stock Exchange Monthly Turnover Rises By 13 Per Cent
FOR February, the DSE bourse recorded a 12.63% hike in the turnover generated on the equities market. The turnover recorded amounts to TZS 15.74Bln ($6.84Mln) against TZS 13.98Bln ($6.08Mln) that was generated on the previous month. On the other hand, the number of shares traded declined by 45.59% from approximately 22 million shares in January […]
Africa.com Definitive List of Women CEOs expands by 50%
Africa.com ( www.Africa.com ) announced the second annual Africa.com Definitive List of Women CEOs on March 8, 2022, in line with International Women’s Day. The list is a unique, data-driven research effort that highlights the women who lead big business in Africa. The data for the effort is provided by Bloomberg. In short, the list […]
Local raw material sourcing spares EABL from Russia shocks
The strategic shift to local sourcing of raw materials has spared East African Breweries Plc (EABL) #ticker:EABL from supply chain disruptions following Russia’s invasion of Ukraine. The geopolitical event has led to soaring commodity prices including those of wheat and barley which are key brewing ingredients for the alcoholic beverages produced by EABL. “A few […]
