East Africa Breweries Limited last week released its results for the first six months of its FY2024, showing that it registered an impressive 16% growth in net sales revenue from KShs57.3 billion to KShs66.5 billion. FY2024 runs from July 2023 to June 2024. 63% of this revenue (KShs41.9 billion) came from Kenya; 22% from Uganda (KShs14.63 billion) and 15% (KShs9.98 billion) from Tanzania. More importantly for Uganda Breweries Limited, the EABL subsidiary in Uganda, the results show that of all EABL country operations, Uganda registered the strongest net sales revenue growth in the 6 months to December 2023. Uganda’s net…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Despite a strong 16% growth in net sales in the first six months of EABL’s FY2024 (July -December 2023) compared to the same period in the prior year, East African Breweries PLC (EABL), the Diageo-owned alcoholic drinks giant, has reported a 22% decline in half-year after-tax profit. This, it attributed to macro-economic-driven cost inflation and rising finance costs. In the just released results, the company reported that its net sales went up by 16%, to Kshs 66.5 billion for the half year ended December 31, 2023, from KShs57.3 billion in a similar period in F23. “EABL’s half-year profit after tax…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Andrew Kilonzo, the managing director of Uganda Breweries Limited (UBL)this week held a productive and insightful meeting with the new I&M Bank Uganda CEO, Robin Bairstow, at the bank’s head offices at Kingdom Kampala. The discussions focused on the business landscape in the country.They also discussed inclusion, a very common, but unpopular topic, as well as digitalization of business systems, headlined the meeting that lasted for slightly over an hour. By encouraging diverse and inclusive spaces, the leaders agreed that companies create a convenient environment where all individuals are empowered to contribute their unique insights and skills, hence creating room…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Uganda Breweries Limited (UBL)will expand its Farm for Success, previously Local Raw Material, program from the current 35,000 farmers to 50,000 farmers. The move has been necessitated by the firm’s desire to source 100% of agriculture materials used in producing its various brands from Uganda by 2030. The development was announced during the annual farmers symposium that Uganda Breweries created to create mutual understanding, collaboration and foster economic growth and development in the agriculture value chain. Andrew Kilonzo, the Managing Director of UBL stressed that as part of the company’s efforts to increase diversity and inclusion in their processes, they…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Uganda Breweries Limited (UBL), on Thursday bid farewell to Japheth Katto, commonly known as “Chief”, the former brewer’s board Chairman, who has been at the helm of the organisation since 2018. At the farewell dinner that took place at Kampala Serena Hotel, Katto also passed the mantle of UBL Board Chairman to Jimmy Mugerwa. Mugerwa applauded Katto’s leadership and the wise counsel he brought to the organisation. “I had the privilege to sit with you on the East African Breweries and Uganda Breweries boards, and I would like to say that I was amazed by the expertise and the wide…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Former Uganda Breweries Ltd (UBL) Managing Director, Nyimpini Mabunda, on Thursday, July 13th held a conversation on career acceleration telling stories and life lessons from his personal journey to the top. The talk was held at the launch of his new book “Take Charge: Life Lessons on the Road to CEO” which took place at Humura Hotel in Kampala. The conversation that was part of the CEO Summit Apprentice Programme, in partnership with Uganda Breweries Limited under their Single Malt brand⏤ Singleton, was attended by up-and-coming CEOs, industry leaders and the 2023 Cohort of the CEO Summit Apprentice Programme. Uganda…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
On Saturday, June 24, 2023, the new Rotary Club of Kigo Seven Lakes Golf celebrated its Charter Ceremony at an elegant event held at the prestigious lake-shore Lake Victoria Serena Golf Resort & Spa Resort, in Kigo, Wakiso District, on the outskirts of the Kampala City. With an impressive turnout, the event marked a significant milestone in the club’s history, as it officially chartered with 54 esteemed members. The night was nothing short of extraordinary, as it attracted high-profile guests, including business captains, political leaders, diplomats, and traditional leaders; thanks to the new club President, Jimmy Mugerwa, a celebrated…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
On Friday, 9 December 2022, celebrated businessman Amos Nzeyi hosted peers and industry captains to an exclusive Johnnie Walker Blue Club event held at his new residence in Kigo, on the outskirts of Kampala. The guest list ranged from the diplomatic corps to industry captains, top businessmen and women, and golfers. Nzeyi, an avid collector of fine whisky, had his guests taken on a journey through the world of Scotch by the Johnnie Walker Reserve Brand Ambassador Agaba Tumusiime, Johnnie Walker Brand Manager Christine Kyokunda, and Scotch Brand Ambassador Marcus Kwikiriza. Set in a sublime atmosphere, a range of Johnnie…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The CEO Summit Uganda, together with the SDG Secretariat at the Office of the Prime Minister in Uganda will this Wednesday 7th December 2022 host the 13th Edition of the Annual CEO Forum at the Méstil Hotel & Residences Kampala, starting at 08 am. The 2022 CEO Forum is being held under the theme: “Beyond Sustainability – Strategic Choices that Matter”. This is the first time the CEO Forum is being held physically since 2019. The 2020 and 2021 editions were held virtually. The Sustainable Development Goals (SDGs) are a series of 17 goals adopted by the United Nations that…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The three Uganda Waragi brands – Premium, Pineapple and Coconut – have each won Gold Awards in the 2022 Monde Selection International Quality Awards, bringing the overall number of quality awards won by the brand to twenty-two. The Monde Selection Award – which began in 1961 – evaluates the quality of consumer food, spirits, beverages, diet and health and cosmetic products from all over the world through an independent 360° quality assessment. A jury of more than 80 internationally renowned experts assembles annually to judge various products on several key parameters, such as taste, smell and visual appeal. Judges also look…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
