East African Breweries Limited #ticker:EABL has completed acquisition of additional 30 percent stake in Tanzanian subsidiary for $55 million (Sh5.98 billion), raising its ownership to 85 percent. EABL, majority-owned by UK’s Diageo, had disclosed plan to increase its stake in Serengeti Breweries in March 2020 after identifying the Tanzanian market as promising for growth of […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The share of traded turnover attributed to foreign investors at the Nairobi Securities Exchange (NSE) fell to a three-year low in June, reflecting growing confidence in the market among local investors. Data from the Capital markets Authority (CMA) shows that foreign investors […]
Safaricom CEO Peter Ndegwa. Safaricom Chief Executive Officer (CEO) Peter Ndegwa took home Sh201.5 million in annual pay in his first year at the helm of East Africa’s most profitable company. This means he was making about Sh16.79 million a month. According to the company’s latest annual report, Ndegwa’s basic pay for the year ended […]
•Profit after tax however slightly dropped by one per cent to Sh7 billion, mainly impacted by cost inflation, tax and foreign exchange impact. •Canned beers have also played a key role driving the company’s sales in the wake of the pandemic, where bars and restaurants continue to operate on limited hours. Revelers at a night […]
EABL plant in Ruaraka, Nairobi. FILE PHOTO | NMG East African Breweries Limited (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 […]
East African Breweries Limited (EABL) has narrowly missed a complete performance turnaround with its full year profit to June slipping by a single percentage point. The alcohol beverage manufacturer earnings have fallen by a narrow margin to Ksh.6.96 billion from Ksh.7.02 billion at the same stage last year. The negligible dip in performance is largely […]
(Adds details, background) NAIROBI, July 29 (Reuters) – Kenya’s East African Breweries (EABL) said on Thursday its pretax profit for the full year through June rose slightly, helped by higher revenue, and said it did not plan to pay a dividend thanks to uncertainty from COVID-19 restrictions. The brewer, which is controlled by Britain’s Diageo […]
EABL plant in Ruaraka, Nairobi. FILE PHOTO | NMG East African Breweries Limited (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 […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The share of traded turnover attributed to foreign investors at the Nairobi Securities Exchange (NSE) fell to a three-year low in June, reflecting growing confidence in the market among local investors. Data from the Capital markets Authority (CMA) shows that foreign investors […]
Kenya Breweries Ltd has warned its customers to be wary of unscrupulous traders who are using the company’s branded bottles to repackage illicit brews. Kenya Breweries Ltd Innovations Manager Faith Nyambura addressing bar owners in Embu during the relaunch of a spirit, Mr Dowell’s Whisky on Friday. Photo by Kimani Tirus While relaunching Mr Dowell’s […]
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