Tanzania Breweries Plc (TBL) has delivered another resilient quarter, ending September 30, 2025, with strong top-line growth, improved profitability, and sustained operational discipline despite rising finance costs and currency pressures. The brewer’s performance underscores the continued strength of its Core and Core+ beer portfolio, the resurgence of its spirits category, and efficient cost management across the business. TBL’s revenue grew by 10% to TShs 467.1 billion in Q3 2024, rising from TShs 426.1 billion recorded in the same period last year. Management attributes this performance to strong volume growth within the Core and Core+ beer segments, double-digit expansion of the…
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After 23 years with Diageo Plc, 16 of them as Chief Executive in various Diageo country operations, Baker Magunda, is retiring from the Group. With over 200 brands and sales in more than 180 countries, Diageo Plc is a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer that include among others Johnnie Walker, Smirnoff, Guinness and Ciroc. Diageo is the parent company of Guinness Nigeria Plc where Magunda has been Managing Director/CEO since July 2018. In East Africa, Diageo owns East African Breweries Limited, which owns Uganda Breweries Limited, one of Uganda’s leaders in beverage alcohol….
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