Record AGM Backs EABL Management and Board Amid Diageo Exit Talk Whereas EABL says it has not initiated, approved, or been part of any transaction to sell any part of its business, the approval of new communication and disclosure policies hints at a company preparing for more intense investor scrutiny in the months ahead.

Jeff WintersSeptember 17, 2025September 17, 2025

With brands like Tusker, Bell, and Kenya Cane entrenched across the region, and a 14% foothold in Tanzania’s fast-growing beer market, EABL’s enterprise value is estimated at $2.8 billion.

East African Breweries Limited (EABL) has secured overwhelming shareholder backing. At its 103rd virtual annual general meeting – even as speculation intensifies over Diageo’s planned scale down – EABL, on September 11, drew a record 2,640 shareholders from across several countries. It was more than triple the usual turnout, underscoring heightened investor interest amid global headlines about Diageo’s portfolio exit strategy. Near-unanimous mandate Every resolution on the agenda passed with resounding support. Shareholders confirmed an interim dividend of UGX67.6, and gave the green light to a final dividend of UGX148.7 per share. This will be payable in October and brings…

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