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 […]

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 […]

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 […]

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 […]

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 […]

Serengeti Breweries to increase volume of cereals sourced locally by 2020

TANZANIA – Serengeti Breweries, a subsidiary of East African Breweries Ltd (EABL) has said it will increase the amount of barley, maize and sorghum it sources locally from 15,300 metric tonnes to over 17,000 tons […]