•The company recorded a net sales decline of 3% to Sh44.5 billion for the half-year ended December 2020. •eCommerce and off-trade remain key drivers of sales this year as the brewer continues making investment in can beers and spirits. Beer production activities at East African Breweries Limited’s Ruaraka plant in Nairobi/File East African Breweries Limited […]
East African Breweries Limited (EABL) #ticker:EABL has posted a 47.4 per cent net profit decline in six months to December on the back of reduced sales and a higher tax provision. The brewer’s net earnings retreated to Sh3.79 billion from Sh7.21 billion booked in a similar half-year in 2019, prompting the management to withdraw interim […]
EABL Supply Chain Director Patrick Kamugi gives a Keg serving to KBL Managing Director Jane Karuku. /FILE East African Breweries Limited (EABL) reported a 47 per cent drop in net profit in the first six months of the year on a high tax regime. The brewer reported Sh3.8 billion in net earnings in the period […]
NAIROBI, Kenya, Jan 29 – More women are now taking up opportunities in Kenya’s creative industry, increasing diversity in a heavily male-dominated sector. This was evidenced by the number of applications received for the 2020 Young Creatives Challenge (YCC) hosted by the Advertising Professionals Association (APA) to champion and nurture new creative talent. YCC organiser […]
NAIROBI — East African Breweries expects sales to recover from a coronavirus-induced slump in its second half to June, its outgoing chief executive said, as nations in the region relax measures to curb the spread of the virus. The brewer, which is controlled by Britain’s Diageo Plc , posted on Thursday a 3% drop in […]
Nairobi — The Kenya Breweries Limited (KBL), has extended the application deadline for bars and eateries interested in signing up for the ‘Raising the Bar with Tusker’ fund to February 12, 2021. The programme, which was officially rolled out in last month, is a Sh330 million fund aimed at supporting the revival of bars and […]
NAIROBI, Kenya, Jan 16- The Kenya Breweries Limited (KBL), has extended the application deadline for bars and eateries interested in signing up for the ‘Raising the Bar with Tusker’ fund to February 12, 2021. The programme, which was officially rolled out in last month, is a Sh330 million fund aimed at supporting the revival of […]
A worker inspects beer bottles on a conveyor belt at the East African Breweries Ruaraka factory in Nairobi, Kenya February 17, 2010. REUTERS/Thomas Mukoya/File Photo East African Breweries Limited (EABL) subsidiary Kenya Breweries Limited (KBL) has sought regulatory approval for self-electricity generation. A second subsidiary — East African Maltings Limited — has also sought for […]
EABL plant in Ruaraka, Nairobi. FILE PHOTO | NMG East African Breweries Limited (EABL) is expected to record up to 63 per cent recovery of its revenues on Senator Keg and other beer brand sales following the loosening of coronavirus restrictions, according to a research by Genghis Capital. The analysts however warn that falling tax […]
CRDB and DSE were a positive effect on the Tanzania Share Index (TSI) while the cross listed counters pulled down the All Share Index (DSEI). The TSI gained 19.61 points during the week that ended on 15th January 2021, to close at 3,513.49 points. Correspondingly, the domestic market capitalisation went up by 0.56 per cent […]
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