East African Breweries Limited ( NSE: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 billion a year earlier. “In recognition of […]
Foreign investors pulled out Sh1.09 billion from the Nairobi Securities Exchange (NSE) in July, marking the sixth straight month of net-selling despite the prevailing rise in the market wealth. Data by trading and corporate advisory firm AIB-AXYS shows that the foreigners bought shares worth Sh4.67 billion but sold others valued at Sh5.75 billion during the […]
East African Breweries Limited (EABL) recorded 15% growth in revenue to Kshs86.0 billion for the year ended June 2021. | THE INDEPENDENT | Profit before tax was up 2% to Ksh10.9 billion. The slower profit growth rate was driven by the impact of cost inflation, adverse foreign exchange impact and tax charges. EABL’s profit after […]
Nairobi — The Raising the Bar Initiative powered by East African Breweries Limited (EABL) has begun their deployment phase in over 100 bars and eateries in Nairobi Metropolitan. The initiative launched in December 2020 is aimed at supporting bars and restaurants, through bartender training, equipment, products, merchandise, and other incentives as they seek to create […]
EABL Commercial Director Joel Kamau (c) with Tusker Brands Manager Jean Oketch and Yvonne Mwangi, KBL Head of Sales, Nairobi region. The Raising the Bar Initiative, powered by East African Breweries Limited, has begun their deployment phase in over 100 bars and eateries in Nairobi Metropolitan. On December 2020, EABL launched Raising the Bar Initiative, […]
A liquor store in Nairobi. FILE PHOTO | NMG A new phenomenon in Nairobi’s estates is worrying residents. It seems every day regular businesses like salons, stalls selling new and second-hand clothes, grocery stores and fruit shops are being replaced by liquor stores. The number of wines and spirits shops licensed in Nairobi in 2020 […]
Beer processing chain in action at the Kenya Breweries Ltd (KBL ) Nairobi plant. Kenya Breweries Ltd (KBL) has been spared a heavy import duty on its Tusker Cider brand by the Tax Appeals Tribunal. The tribunal ruled that the apple fruit concentrate, which is the main ingredient used to manufacture the alcoholic drink, does […]
NAIROBI, Kenya, Aug 11 – Alcoholic beverages company, Diageo, has appointed Uganda Breweries Limited (UBL) Managing Director Alvin Mbugua to head its Caribbean & Central America region, the largest beer business unit in Latin America & Caribbean (LAC). Mbugua becomes the second Kenyan from East African Breweries Limited to take up a key international posting […]
Uganda Breweries (UBL) has announced that Alvin Mbugua, the Managing Director will leave the Ugandan company by September 1, 2021. In a statement announcing Mbugua’s exit, Uganda Breweries said, “Alvin joins CCA, the largest beer business in Latin America and Caribbean region from his current role as Managing Director for Uganda Breweries Limited.” Mbugua joined […]
Safaricom, which started its operations in 2000, has grown from a subscriber base of 26,000 people in 2001 to about 40 million subscribers currently. PHOTO | FILE | NMG Kenyan companies dominated East African and Mauritius most valuable brands in the three months to June 30, with Safaricom being the highest prized brand in the […]
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