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 a turbulent 2024 that saw MTN Rwanda plunge into a full-year loss, the company has staged a powerful turnaround under its new Chief Executive Officer, Ali Monzer. The former MTN Uganda Chief Technology & Information Officer, who took charge earlier this year, has not only stabilised the business but returned it to profitability, driven by a disciplined focus on fintech growth, operational efficiency, and digital inclusion. A veteran of the MTN Group, he had spent years building and optimizing networks across Africa and the Middle East. Before Rwanda, he served as Chief Technology Officer at MTN Uganda, where he…
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