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 […]
Alvin Mbugua appointed to head Diageo’s Caribbean and Central America region. Alcoholic beverages company Diageo has appointed Uganda Breweries Limited (UBL) Managing Director Alvin Mbugua to head its Caribbean and Central America region. The region is the largest beer business unit in Latin America, and the Caribbean (LAC). Speaking on the appointment, EABL Group Managing […]
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 […]
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 […]
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 […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Half of retirement schemes posted returns of 5.4 per cent in the second quarter of 2021 to extend gains of through the half year stage. Greater returns for the pension assets have been attributed to the strong performance of the equities market and […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The price gains in large blue-chip stocks have helped the NSE beat its peers in Africa in returns this year, boosting its prospects of attracting capital inflows as global markets continue to recover from the Covid-19 pandemic. In the year-to-date, the NSE […]
The Raising the Bar Initiative powered by East African Breweries Limited (EABL) has begun the deployment phase in over 100 bars and eateries in the Nairobi Metropolitan area. This follows an extensive prequalification process that saw the company receive over 500 applications for the program between December and March 2021. The initiative is aimed at […]
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 […]
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