Following a reputational and financially bruising fraud scandal — in which the brewer estimates to have lost about UGX 9 billion — and the subsequent exit of its Heads of Marketing and Sales, Nile Breweries appears to have completed an overhaul of leadership across its sales and marketing functions, bringing in a rich fusion of talent from within and beyond its ranks and the wider industry. After the scandal was unearthed, Amou Jervas Majok, who was then the Country Marketing Lead, and her sibling Majok Darwin Jervase Majok, who oversaw trade marketing and key accounts, left the company as investigations…
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On paper, it looked like a clean regional trade story: a Ugandan manufacturer producing beer for thirsty markets in South Sudan and DR Congo, using local distributors to move product across borders. In reality, it became a high-stakes tax dispute that turned on a single question: who, legally, exported the beer? The business model behind the case was straightforward. Nile Breweries Limited (NBL) has long exported into the region. In 2022, it supplied beer to Kabaco and Ituri, two Uganda-based companies with established export networks outside the country. The beer was clearly marked “for export,” and the arrangement was framed…
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Three years after taking charge at Nile Breweries Limited (NBL), Adu Rando, the Brazilian Managing Director credited with accelerating the brewer’s digital transformation, has been promoted to Global Director, BEES…
Three years after taking over the reins at Nile Breweries Limited (NBL), Adu Rando, the Brazilian Managing Director of the AB InBev subsidiary, has been promoted to Global Director, BEES…
Uganda’s High Court has issued a decision that reshapes the rules of engagement in tax disputes. The decision gives clarity on the much-contested 30% deposit requirement and reins in the contempt powers of the Tax Appeals Tribunal (TAT). The case arose when Nile Breweries disputed additional tax assessments issued by the Uganda Revenue Authority (URA) for VAT and excise duty. Nile Breweries had already paid its self-assessed taxes but challenged URA’s additional demand, which it viewed as unlawful. While seeking an injunction before the Tax Appeals Tribunal, a condition was imposed that Nile Breweries pays 30% of the tax “in…
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After a year in legal limbo, Uganda’s Competition Act has finally come to life. The Competition Regulations, 2025, are now in force, setting the stage for active enforcement of antitrust…
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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On 11th September 2025, the Federation of Uganda Employers (FUE) hosted the Employer of the Year Awards (EYA) Dinner at Mestil Hotel, Kampala. This annual celebration brings together industry leaders,…
The Keshwala Group, one of Uganda’s largest privately held conglomerates, is undergoing a leadership transition that marks its third generation of family stewardship. Established in the 1950s as a small textile outlet in Jinja, the Group has evolved into a diversified business spanning manufacturing, logistics, steel, packaging, and distribution, with a presence across Uganda and the East African region. At the center of the transition is Sagar Keshwala, currently Managing Director, who is widely seen as the next-generation leader poised to carry forward the vision set by his grandfather, Viram Giga Keshwala, and significantly expanded by his father, Ranmal Viram…
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Just months after launching an investigation into massive marketing and sponsorship fraud involving senior staff, Nile Breweries Limited (NBL), a subsidiary of Anheuser-Busch InBev (AB InBev), is now grappling with yet another internal fraud scandal—this time involving large-scale theft of beer directly from its factory. According to sources familiar with the investigation, three NBL employees—Muluka Denes, Wandera Gibbons, and Okello Anthony Ochepa—were arrested and charged with stealing four pallets of beer valued at approximately UGX17 million. However, further investigations suggest this was not an isolated incident. “It had been happening for a while. The direct loss is well over UGX1…
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