Kenya Breweries Limited managing director Joe Muganda (left) and East African Breweries Limited managing director Devlin Hainsworth when they announced EABL’s results in Nairobi Friday. Photo/SALATON NJAU. NATION
EABL’s financing costs increased by 221 per cent to Sh2.06 billion in the first half of 2012 from Sh642 million in the period June to December 2011.
EABL plans to focus more on managing its administration costs which went down by 3 per cent from Sh3.6 billion to Sh3.5 billion. It will also be expanding into South Sudan and the Great Lakes region to include Rwanda, Burundi and the Democratic Republic of Congo and at the same time inject Sh4 billion into its business in Kenya to improve capacity in all beer and spirit brands.