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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…
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The recent Africa Climate Summit 2023 (ACS), hosted by the Government of Kenya was a crucial caucus where policymakers, practitioners, business leaders, and civil society representatives gathered to address the pressing challenges of climate change. As the world confronts the climate crisis, ACS was an opportunity to emphasize the vital role of leadership in fostering sustainability. The African Leaders Nairobi Declaration on Climate Change highlighted the African perspective, acknowledging the profound challenges climate change poses and expressing unwavering commitment to address this existential threat. Our continent is home to a rapidly growing population that is particularly vulnerable to the adverse…
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Mark Ocitti Ongom, has been appointed, the Managing Director of Kenya Breweries Limited (KBL) effective 1st March 2023. KBL is the largest of East African Breweries Limited (EABL) operations, accounting for 64% of the EABL business followed by Uganda which accounts for 20% and Tanzania, 16%. Mark is replacing John Musunga, who left KBL in October 2022 to join Guinness Nigeria, a Diageo subsidiary West Africa. John Musunga replaced Baker Magunda, another Ugandan, who retired from the group. Mark has been the Managing Director of Serengeti Breweries Ltd in Tanzania, where he will be replaced by one Dr. Obinna Anyalebechi,…
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Another big win for Uganda as it continues to export management talent across the globe. Our very own seasoned marketer Catherine Twesigye has landed a senior brand manager role at Kenya Breweries Limited (KBL). Twesigye will oversee Tusker Lager, KBL’s flagship brand at a time it celebrates 100 years of existence. Prior to her current appointment, Cathy Twesigye worked as the Marketing Manager for Yalelo Uganda, the leading aqua culture firm in Uganda. At Yalelo, Cathy Twesigye was tasked with establishing the brand and making it a household name in Uganda. Under her leadership, Yalelo established a highly effective marketing…
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