Kenya alcohol ban to cost billions, thousands of jobs in three months

Kenya alcohol ban to cost billions, thousands of jobs in three months

Alcohol manufacturers and distributors have warned that the alcohol ban placed by the government to control the spread of coronavirus (COVID-19), will cost workers, sorghum farmers, and the government billions of shillings and thousands of jobs in three months to September. The ban which began in July has created a massive disruption of the alcohol […]

Kenya: Bar Closures to Cost Sh9 Billion in Three Months

Alcohol manufacturers and distributors are warning that continued closure of bars will cost workers, sorghum farmers and government Sh9.1 billion and 57,000 jobs in three months to September unless the businesses are reopened. The Alcoholic Beverages Association of Kenya (Abak), which brings together key players such as Kenya Breweries Limited (KBL), says the measure has […]

Closure of bars ‘to cost Sh9bn, 57,000 jobs in three months’

Closure of bars ‘to cost Sh9bn, 57,000 jobs in three months’

Alcohol manufacturers and distributors are warning that continued closure of bars will cost workers, sorghum farmers and government Sh9.1 billion and 57,000 jobs in three months to September. FILE PHOTO | NMG Alcohol manufacturers and distributors are warning that continued closure of bars will cost workers, sorghum farmers and government Sh9.1 billion and 57,000 jobs […]

EABL given 3 more years to meet terms of its Sh6bn bond

EABL given 3 more years to meet terms of its Sh6bn bond

East African Breweries Limited plant in Ruaraka, Nairobi. FILE PHOTO | NMG East African Breweries Limited (EABL) has received a three-year extension to remain in breach of terms attached to its Sh6 billion corporate bond, that required its current assets including cash to match short-term liabilities like supplier debt. The brewer was required to maintain […]

DSE performance tracker starts the week lower

DSE performance tracker starts the week lower

By Josephine Christopher @JocfineQ jchristopher@tz.nationemdia.com Dar es Salaam. T he equity market started lower on Monday after four counters lost in the first trading day of the week. Key benchmark indices which track the share price movement to help investors compare current price levels with past prices to calculate market performances were both down, according […]