East African Breweries funds production of free alcohol-based sanitizers

KENYA – East African Breweries Limited (EABL) has committed Sh50 million (US$0.47m) to fund the production of 135,000 litres of sanitisers by two Nairobi-based industries to distribute free sanitisers to vulnerable Kenyans. EABL Foundation Trustee Eric Kiniti said, “We have engaged certified sanitizer producers to produce for us hand sanitizers for distribution to vulnerable groups and those at risk of exposure.” Kiniti said the distribution specifically targets EABL staff, communities in water-scarce parts of the country as well as informal settlements and areas that have challenges accessing piped water. “We…

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East African Breweries to raise stake in Serengeti Breweries by 30%

EAST AFRICA – East African Breweries Limited (EABL) seeks to acquire an additional 30 percent stake in its Tanzanian subsidiary, Serengeti Breweries Limited, in a deal that will deepen its grip. The deal comes barely a year after the brewer spent Sh313 million (US$2.9m) last July to acquire four percent additional stake in Serengeti. “EABL intends to enter into a conditional transaction to purchase an additional 30 percent shareholding in Serengeti Breweries. Completion of the transaction is subject to various regulatory approvals in Kenya and Tanzania,” EABL said in a…

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East African Breweries expands portiflio with launch of Baileys Delight in Kenya

KENYA – The Kenya Breweries Limited, subsidiary of the East African Breweries Limited has added a new cream liqueur to its offering, Baileys Delight, from the original Irish cream maker Baileys. This makes Kenya the second market across Diageo portfolio to launch the product after Guinness Nigeria. Blending cream and the taste of African honey, it is available in bars, restaurants, supermarkets and Jumia Party ecommerce platform. Baileys Delight has 15% alcohol by volume (ABV) coming in 750 ml bottle and 350ml bottle packs, retailing at a recommended price of…

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East African Breweries mulls US$49.7m bond to finance operations

KENYA – East African Breweries Limited (EABL) to use banks to refinance the Sh5 billion (US$49.7m) bond set for maturity in March, shunning the option of going back to the Nairobi Securities Exchange (NSE) to roll over the debt, reports Business Daily. The brewer, with operations in Kenya, Uganda and Tanzania, says it has received “attractive” opportunities from commercial banks. This will also save it from having to pay the lump sum amount in March from its own cash reserves when it is still pursuing capital investments. “Given the very…

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East African Breweries reports a 9% rise in profit after tax to US$71.6m

KENYA – East African Breweries Limited (EABL), has reported a 9% increase in profit after tax to Kshs 7.2 billion (US$71.6m) for the half-year period ended 31 December 2019. The company’s performance was boosted by increased investment and operational efficiencies across markets and segments, despite increases in alcoholic beverage taxes. Net sales rose 10% to Kshs 45.9 billion (US$456m), driven by higher volumes which rose by 5% across the Group and categories, and better price mix across all brands. Net sales in EABL’s largest market, Kenya, grew by 8%, with…

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East African Breweries opens new offices, unveils new corporate logo

KENYA – The East African Breweries Limited (EABL) has relocated its corporate offices to the Garden City Business Park along the Thika Super Highway in Nairobi Kenya, adjacent to its old offices, and unveiled a fresh corporate logo that speaks to the company’s heritage in Kenya since 1922. The ceremony was presided over by Trade, Industry and Cooperatives Cabinet Secretary, Peter Munya at the new office space in Ruaraka, Nairobi. East African Breweries Limited (EABL) has taken four floors of the Grade A office complex, reports the Star. EABL Group…

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East African Breweries expands portfolio with new spirit brand Red Star Vodka

KENYA – East African Breweries Limited (EABL) has launched a new product into the market, Red Star Vodka as the company moves to cement its position as market leader and continually satisfy its clientele with the expansion of variety of drinks. “The initiation of Red Star in the market is aimed at keeping the promise of KBL to continually satisfy its clientele in the expansion of variety of drinks to be enjoyed during celebrations,” EABL’s Head of Innovations Joyce Kibe said during the launch. Red Star Vodka is the fifth…

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KBL partners with Safaricom in developing smart coolers leveraging on IoT

KENYA – The Kenya Breweries Limited, subsidiary of the East African Breweries Limited has partnered with Safaricom a Kenyan mobile network operator to connect and enhance its coolers with sensors which leverage on the Internet of things (IoT). Commenting on the launch, Rita Okuthe, Chief Enterprise Business Officer, Safaricom PLC said, “We developed an IoT solution that consists of devices installed in the coolers that will have sensors which will transmit various data to a platform which generates business insights that will assist KBL to optimise the coolers.” IoT, the…

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East African Breweries Limited appoints Martin Oduor-Otieno as the new Chairman

KENYA – East African Breweries Limited (EABL) has announced the appointment of Martin Oduor-Otieno, currently an independent non-executive director of the firm’s board as its new chairman, effective January 1, 2020. He takes over from Charles Muchene who successfully completed his maximum tenure of nine years allowed for independent directors under the Corporate Governance Code issued by the Capital Markets Authority. Muchene, the former Country Senior Partner at PricewaterhouseCoopers joined EABL board as an independent non-executive director in February 2011. He has served as chairman since February 2012. Under his…

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Italian bottle screw-top maker Guala Closures opens US$5.5m factory in Kenya

KENYA – Guala Closures East Africa (GCEA) subsidiary of the Guala Closures Group (GCG), screw-top manufacturer, has opened its KSh570 million (US$5.5m) factory in Nairobi, Kenya. The Italian listed company has set up the plant in Kenya targeting to produce bottle caps for alcohol and beverage manufacturers across East Africa. The firm operates 29 production sites in five continents supplying alcoholic, edible oils and other bottled beverage makers services firms in 100 countries. GCEA currently supplies caps locally to leading brands like Kenya Wine Agencies Limited (KWAL), East African Breweries…

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