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 will use its pool of employees with knowledge and skills on various sectors to facilitate the youths’ initiative through training to help understand the business environment and identifying opportunities around them.

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Ms Irene noted that the three months programme targets youths between 18 – 26 years and will work under the Global Management Trainee programme- run by Parent company AB InBev- beneficiaries.

“TBL under its mother company AB InBev has a policy on Building a Better World which also aims at bringing sustainable changes in the society,” she added.

Commenting on training modal she said, beneficiaries would attend classes where number of topics on areas like self-realisation, how to run a successful business and identifying opportunities among others would be delivered.

“The programme also intends to educate the participants on the importance of smart drinking as we believe youths is one among groups that are affected by excessive drinking making some of them unable to realize their full potential,” she added.

Meanwhile, the Dar es Salaam Stock Exchange listed firm posted a 16% drop in its first half of the year 2018 despite the brewer’s shift in strategy to focus on affordable brands and packs.

The company’s after-tax profit for first six months 2018 declined to US$27.9million from US$ 33.36 million recorded in a similar period in 2017.

However, investors have expressed confidence in the firm after a company received a recent US$ 0.43 million (sh1billion) cash injection through trading at the Dar es Salaam Stock Exchange.

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