Kenyan biscuit maker Britania sits on pins and needles of accrued debts

KENYA – Britania Foods Limited, which was once a behemoth in the Kenyan biscuit market, has been put under administration in a bid to craft a strategy to settle its debt of more than Ksh 1.3 billion (US$11m) provided by suppliers and creditors. The move has been orchestrated by audit firm PKF Consulting Ltd who has in turn appointed Peter Kahi as administrator of the company, acting on behalf of DTB bank which is owed millions of shillings by the manufacturer. Following the changes, all operational matters relating to Britania…

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Beer Sectoral Group appoints Guinness Nigeria’s CEO Baker Magunda as group Chairman

NIGERIA – The Beer Sectoral Group (BSG), a section of the Manufacturers Association of Nigeria (MAN), has announced the appointment of Baker Magunda as Chairman of the group with effect from 1st August 2021. The BSG is a trade association comprising beer manufacturers in Nigeria to include Guinness Nigeria Plc, Nigerian Breweries Plc, and International Breweries PLC. Magunda will now head the group whose mission is to develop the beer industry by encouraging sound professional practice among members and building understanding of stakeholders to promote responsible drinking and the social…

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