Serengeti Breweries embarks on a US$12m expansion plan

TANZANIA – Serengeti Breweries, a subsidiary of East African Breweries Ltd (EABL), has embarked on a TZS 28.1 bn (US$12m) expansion project of its Dar es Salaam brewing plant to increase its beer production. The expansion project is also set to create job opportunities for the Tanzanians in different capacities and also increase income earnings for the local farmers who are the main suppliers of the raw materials.  “This expansion not only means getting additional beer production capacity for us, but it also brings more job opportunities to Tanzanians and…

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Serengeti Breweries minority investors to raise US$30.8m in new deal

TANZANIA -Serengeti Breweries minority investors are set to inject an additional Sh3.2 billion (US$30.8m) capital into the breweries as part of it’s deal with the majority shareholder, East African Breweries (EABL). The deal follows the conversion of the Sh15.3 billion (US$147.2m) loan into equity in a transaction that sought to ease the Tanzanian brewer’s debt burden. It was also expected to dilute the interests of its minority shareholders whose equity currently stand at 49% by a large margin. This saw EABL’s stake in the subsidiary rise from the previous 51%…

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Diageo to invest US$220M in sustainability projects in African breweries

AFRICA – Diageo, the world’s leading spirits maker has pledged to invest US$220million in green energy and water recovery solutions at 11 of its African breweries. The investment, which represents the company’s largest environmental investment in over a decade, will focus on renewable energy and water recycling systems at breweries in seven countries to reduce its carbon footprint. The London based brewer said biomass boilers using sustainable fuels will be installed at three breweries in Kenya and neighbouring Uganda, replacing systems that use heavy fuel oil. The boilers will use…

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Diageo to relocate its Africa business support Centre from Nairobi

KENYA – London-based brewer Diageo has said that it will be moving the Diageo Africa Business Service Centre (ABSC) away from its current offices in Nairobi, Kenya. The move will see the company close the business support centre, which is the only shared service centre in Africa and one of five globally, and its role outsourced to other markets. The unit runs back-office processes required for Diageo’s finance, supply, human resources and sales and marketing functions. “The business services requirements and processes across Diageo Africa are changing and as such…

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East African Breweries reports 57% jump in full-year profits to US$115m

KENYA – The East African Breweries Limited (EABL) posted a 57.34 per cent growth in net profit to US$115 million (Sh11.5 billion) for the year ending 30th June 2019. The company’s performance was boosted by a combination of higher volumes in bottled beer and mix improvement across brands and categories, which delivered higher margins during the period. During the twelve months period, EABL’s net revenue rose 12% to US$825 million (Sh82.5 billion) while pre-tax profit climbed up to US$178 million (Sh17.8 billion) from US$117 million (Sh11.7 billion) posted in the previous…

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EABL’s Serengeti Breweries appoints Mark Ocitti as new Managing Director

TANZANIA – The East African Breweries Limited (EABL) has appointed Mark Ocitti as the new managing director of its Tanzania based subsidiary, Serengeti Breweries Limited (SBL). Mark will take over from Helene Weesie- who has been moved to a new position at the holding company, Diageo Europe, reports IPP Media. Weesie is credited for successfully steering the company’s turn around since 2015 and championing the new products in the market to a remarkable growth of the business, numerous innovation awards and a number of investments. Commenting on his appointment, East…

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East African Breweries’ director Paul Gallagher resigns

KENYA – East African Breweries Limited (EABL) has announced the resignation of Paul Gallagher as non-executive director of the company’s board after serving for over two years. The Nairobi Stock Exchange-listed firm said Gallagher’s resignation took effect on March 31, after serving the position in the board since his appointment in July 2016 “The board of EABL takes this opportunity to appreciate the commitment and invaluable contribution made by Mr Gallagher during his tenure on the board and wishes him the best in his endeavours,” EABL said. EABL launches new…

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KBL invests US$39.72m in new brewer’s effluent treatment plant to boost efficiency

KENYA – The Kenya Breweries Limited, subsidiary of the East African Breweries Limited, is investing nearly US$39.72 million in an effluent treatment plant to boost production efficiency at its upcoming Kisumu plant. The three-phase wastewater treatment is part of the firm’s efforts to contribute to reduction of runaway pollution of Lake Victoria’s Winam Gulf. According to a report by the Standard, officials have revealed that once a third phase under construction is completed, the modern brewery will be able to reuse nearly 90% of the almost 2 million litres of…

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Kenya Breweries Limited launches new ale for the premium beer market

KENYA – Kenya Breweries Limited (KBL), a subsidiary of the global brewer, Diageo has launched ‘Tusker Premium Ale’, a premium offering that expands its premium beer portfolio. The new premium ale, which the brewer says is made from aromatic hops and crystal malt, targets the middle-class in a bid to counter consumers’ increasing shift to premium and foreign brews from mass-market brands. “The Tusker Premium Ale is brewed with specialty hops providing a richer mouth feel, colour and flavour,” noted Valentine Wambui, KBL master brewer. The company says the beverage…

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EABL saves US$10m on new beer plant budget

KENYA – Beer-maker East African Breweries (EABL) said that the company will save US$10 million on its investment in the new Senator Keg beer plant in Kisumu as a result of more local sourcing of construction materials and delivery of project ahead of time representing a 6% reduction from its initial US$150 million investment budget on the plant, reports Business Daily. Andrew Cowan, Managing Director EABL, says good procurement expertise and speed of execution will see the firm spend a total US$140 million on the project that promises to deliver…

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