Tag: EABL

EABL adopts new identity, unveils new US$99m corporate bond to fund operations

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KENYA – Regional alcohol manufacturer, East African Breweries Limited, has changed its name to East African Breweries PLC with effect from 1st October 2021. The PLC tag designates a company that has offered shares of stock to the general public, who have limited liability. ”Pursuant to the issuance of certificate of change of name by the Register of Companies, the firm has changed its name from East African Breweries Limited to East African Breweries Plc,” it said in statement.   The brewer has also announced the issuance of a Ksh. 11…

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Serengeti Breweries heightens competitive edge with launch of US$6.7m spirits processing plant

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TANZANIA – Serengeti Breweries Limited (SBL), Tanzanian subsidiary of East Africa Breweries Limited, has commissioned its first spirits production plant worth Tsh15.6 billion (US$6.7m) at its facility in Moshi. The move is aimed to shift Tanzania from being a net importer of spirit drinks to a local producer. Marking its debut, the company has started by production of a local brand known as Bongo Don, which SBL described as being a truly local product of world-class quality. “The new spirits production facility will produce mainstream spirit products locally and, in…

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East Africa Breweries Limited targets to transition to use of clean energy by 2030 under US$199m plan

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KENYA – East Africa Breweries Limited (EABL), subsidiary of British alcohol manufacturer Diageo, has revealed plans of investing Ksh 22 billion (US$199m) to facilitate its transition to use of green energy by 2030. According to reports by Business Daily, the manufacturer and distributor of Tusker, Chrome, Jonnie walker brands mulls to entirely shift from use of electricity from the national grid, Kenya Power and generate its own power from solar. EABL targets to generate at least 9.3 megawatts at its Ruaraka plant and 2.4-megawatt from solar power in Kisumu. Also,…

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Uganda Breweries Limited reminisces its 75 years of existence

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UGANDA – As part of its palladium jubilee celebrations, marking a significant milestone of attaining 75 years of existence, Uganda Breweries Limited, subsidiary of East African Breweries Limited held a panel discussion, chronicling the brewer’s journey over the years since 1946. What was clear from the start is the fact that UBL has weathered the storms and thrived thanks to its sustainable business model and culture of doing business the right way, from grain to glass, riding on ethics and integrity. The panellists discussed UBL’s contribution to the growth of…

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EABL sustainability report reveals great progress towards gender inclusivity, environmental protection

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KENYA – Women and the environment have emerged winners of East African Breweries’ push towards a sustainable future.   In the recently released 2021 sustainability report, EABL reported a 7.4% increase in female hires, majorly as a result of the company’s graduate programs focused on building gender diversity.  The company further notes that as of 2021, 14% of those in the brewer’s senior management and 42% of those sitting on its board were women.   As a result of the program, EABL now boasts of having 4 women master brewers, an all-female crew…

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Kenya Breweries unveils US$9.2m fund to boost local sourcing of raw materials, Diageo SA offers post-riots support

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KENYA – Leading alcohol manufacturer Kenya Breweries Limited (KBL), has unveiled a KSh1 billion (US$9.2 million) fund to promote commercial production of a traditional sorghum variety. The new variety is set to be a suitable alternative for brewing its Senator Keg brand, as the sorghum is resistant to pests and birds and is expected to give farmers a good return. It was developed over a two-year period by crossbreeding with other varieties, reports Business Daily. Under the initiative, the Nairobi Securities Exchange-listed company is targeting to recruit more than 15,000…

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EABL cements its ownership in Serengeti Breweries with acquisition of additional 30% stake

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TANZANIA – East African Breweries Limited, majority owned by British multinational alcoholic beverage company Diageo, has expanded its ownership in its Tanzanian subsidiary, Serengeti Breweries to 85% following the acquisition of additional stake. The deal comes more than a year after the brewer had revealed its intentions of acquiring additional 30% stake in the Tanzanian unit in March 2020, after identifying the booming beer and spirits market in East Africa’s largest country. “We got one minority shares. We decided to buy them out and they also wanted to sell. The…

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EABL narrowly misses complete performance turnaround with full year profit slipping by 1%

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KENYA – The East African Breweries Limited (EABL) has reported 15% growth in revenue to Ksh 86 billion (US$791m), driven by smart investment behind brands, channel focus and innovations, which led to overall volume sales growing by 13%. The stellar top line performance was delivered on the back of a tough operating environment characterised by increased volatility due to COVID-19 imposed curfews and restrictions, depressed consumer spending and global supply chain disruptions. However, the company adapted to the pandemic, finding new routes to market including distributing products to consumers’ homes…

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Kenya’s leading alcohol producer EABL hikes prices on back of tough operating environment

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KENYA – Kenyan alcohol lovers will be forced to dig deeper into their pockets to purchase some of their favourite brands from the East African Breweries Limited’s (EABL), after the alcohol producer revised some of its prices upwards. According to report by The Nation, EABL has made a price increase of between Ksh. 10 (US$0.093) and Ksh. 500 (US$4.64) depending on the type of drink and quantities. The price revision affects beers brands such as Whitecap Light, Tusker Lite, Cider and Malt, Guinness (regular), Whitecap Lager, Balozi and Hop House…

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Kenya Breweries Limited to cash in on rising spirit demand, invests US$9.2m in new processing line

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KENYA – Kenya Breweries Limited (KBL), subsidiary of Diageo through the East African Breweries Limited, is set to inject Ksh1 billion (US$9.2m) in the establishment of a new spirit processing line, in a bid to meet the high demand witnessed in the segment. According to reports by Business Daily, the investment will be used to acquire new line machinery and expand storage capacity at KBL’s sister company, UDV Kenya. This will enable KBL to begin local production of new international spirit brands, while ramping up volumes of those already being…

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