Tanzania Breweries full year profit plummet by 41% impacted by decline in revenue, heightened expenses

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has announced that its full-year profit for the year ended December dropped by 41%, impacted by the COVID-19 pandemic. The brewer’s net profit declined to Tsh. 89.08 billion (US$38.4m) from Tsh. 150.21 billion (US$64.7m) attained in the corresponding period in 2019. According to the maker of Castle Lager, its revenue slightly dropped by 6.2% to Tsh. 961.88 billion (US$414.7m) from Tsh. 1.025 trillion (US$442m). The decline is attributed to slowed down business as on-trade outlets registered reduced foothold due…

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Tanzania Breweries’ Castle Lite features as the only African brand to win Creative X Awards by AB InBev

TANZANIA – Anheuser-Busch InBev (AB InBev), the world’s largest brewer has crowned Castle Lite Tanzania as the 2021 winner of the “Creative Use of Data” category, at its in-house and globally recognized Creative X Awards. The Creative X Awards exists to celebrate and scale creative ideas that drive effectiveness and business growth. Being the only African brand to emerge a winner this year, Castle Lite bagged the accolade courtesy of its cold tracker innovation which seeks to ensure consumers can easily and readily access cold beer, keeping to the brand’s…

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Tanzania Breweries Limited launches temporary logo change of Konyagi brand in recognition of women’s prowess

Company name: Tanzania Breweries Limited Product type: Spirit Innovation: Brand identity change Tanzania Breweries Limited, one of East Africa’s leading distillers has temporarily changed the brand identity of its Konyagi spirit brand, by inscribing a logo of a woman with raised hands as part of the company’s recognition of women’s effort in transforming the society. The image which show-cases women’s bravery is a switch from an earlier logo of a man raising his hands, accompanied by a message wishing all women a happy international women’s day.

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Tanzanian alcohol makers turn to local sources of raw materials to boost industry

TANZANIA – Leading breweries in Tanzania i.e., Tanzania Breweries Limited (TBL) and Serengeti Breweries Limited (SBL) to prioritize sourcing their wheat locally, following an agreement with the government. According to reports by Daily News, the state has reached a consensus with the brewers to purchase the raw material at a minimum price of Tsh 800 per kilogramme of wheat. This follows the country importing 800,000 and 1 million tons of wheat annually amid availability of arable land and conducive climate to facilitate mass production of the cash crop. “TBL and…

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Tanzania Breweries reports 9% decline in half year revenue impacted by COVID-19

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has announced a 9% decline in revenue in the half year period ended 30th June 2020 to Tshs 429.03 billion (US$185m), impacted by the global COVID-19 pandemic. According to the group, its beer revenue and volumes were mostly affected during April and May, whilst spirits achieved double digit growth in the period. In June when COVID-19 measures eased in the country, signs of recovery were observed with low single digit revenue declines. Its operating profit decreased from Tsh. 114.334bn…

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Covid-19 Update: TBL donates over 3,000 litres of sanitizer to health facilities

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has donated over 618, five litre containers of sanitisers to the Ministry of Health, to be distributed for use in health facilities in the country. The donation is targeted to be distributed across Dar es Salaam, Arusha, Mbeya and Mwanza, supporting the government’s efforts in the fight against the spread of the corona virus. TBL Plc Managing Director, Philip Redman said the alcohol-based sanitisers were produced in partnership with Diversey East and Central Africa Limited. “We have received requests for Personal Protective…

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Tanzania Breweries launches partnership to support sorghum farmers

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has partnered with the Farm to Market Alliance (FtMA) and the World Food Programme (WFP) to support smallholder sorghum farming in Tanzania. The collaboration kicked off with a pilot project where TBL Plc has agreed to purchase the sorghum produced by approximately 1,400 smallholder sorghum farmers in Dodoma and Manyara. TBL Plc, FtMA and WFP will support the farmers with access to sorghum seed; crop insurance; sorghum crop management protocols; agricultural extension services; and improved aggregation and market access…

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Tanzania Breweries records 3% decrease in revenue despite curtailing costs

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has announced a 5% decrease in revenue to Tz1.02tri (US$439.9m) for the year ending December 31, 2019 from Tz1.07tri (US$461.5m) recorded in 2018, as it discontinued traditional beer business run by its affiliate Darbrew Ltd. Darbrew Ltd manufactures affordable drinks like Chibuku whose once-high popularity appears to have declined sharply, leading to TBL’s decision to scale down production. The decline in revenue was in tandem with the decline in the gross profit by 3% despite the decrease in the…

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Tanzania Breweries commits to improving local barley productivity

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev, has pledged to support barley farmers while encouraging them to adopt modern technology and practices that will increase efficiency and productivity. Speaking during the Barley Growers Day’ organised by TBL in the Nothern regions, the company’s Barley Manager, Joel Msechu, reaffirmed that the company will continue to deploy various intevetion aimed at improving productivity. “To empower farmers, TBL offers farmers with sufficient inputs and information to increase productivity while actively reducing environmental impact.  “We are strongly committed to Tanzania…

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TBL launches youth empowerment initiative

TANZANIA – Tanzania Breweries Limited has launched a new programme tagged as ‘Be the Coach’ that will focus on training youths in identifying potential business opportunities and successfully running them, reports Daily News. TBL Sustainability Affairs Manager, Irene Mutiganzi said that the programme aims at utilising the firm’s resources in imparting positive change on the society. “Our target is to use the resource and time we have to influence changes and create better society especially among the communities which surrounds our business,” said Irene Mutiganzi. She further explained that TBL…

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