For Sarah Owano, the Covid-19 pandemic is more than just the new normal. She calls the infectious virus a new abnormal. Last year, Sarah went for about four months without a job. She was weighed down by the difficulties of life as several job applications yielded nothing. In November, she landed a job as a […]
Tag: east african breweries
East African Breweries’ CEO sees fast growth being maintained this year
NAIROBI (Reuters) – Kenya’s East Africa Breweries expects net sales to keep growing robustly this financial year as the economy at home recovers and investments in spirits production and a new brewery start to pay off, its chief executive said on Friday. Employees pack bottles of Kenya Cane spirit from a conveyor belt at the […]
Bonanza for city wine and spirit sellers
Wines and Spirits shop at Nairobi West shopping centre on September 7, 2020. PHOTO | SALATON NJAU | NMG advertisement Six months ago, revellers across the country were served a rude shock with the closure of bars and a ban on the sale of alcohol at restaurants as one of the measures to curb Covid-19. […]
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 ALCOHOL BAN TO COST BILLIONS
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 […]
Nginyo Kariuki children fight over Sh4bn estate
The late politician and businessman Lawrence Nginyo Kariuki. FILE PHOTO | NMG The family of the late politician and businessman Lawrence Nginyo Kariuki are locked in a fight over the management and distribution of his estate valued at nearly Sh4 billion, marking the latest high-profile succession dispute in Kenya. Mr Kariuki died on February 24, […]
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’
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
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
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 […]