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EABL on the verge of losing Tanzanian subsidiary

EABL on the verge of losing Tanzanian subsidiary



An EABL plant in Ruaraka, Nairobi. The company is on the verge of losing its Tanzanian subsidiary. PHOTO | FILE

IN SUMMARY


  • Regulator says that according to the merger agreement, EABL committed to ensuring that SBL achieved more growth than what it was achieving.




Kenya’s largest brewer, the East African Breweries Limited (EABL), is on the verge of losing its Tanzania subsidiary, Serengeti Breweries Limited(SBL), after Tanzania’s Fair Competition Commission (FCC) issued a notice of intention to revoke the merger between the two companies.

In an advertisement published in Tanzania's dailies, the FCC accuses EABL of breaching merger agreement rules while at the same time not ensuring the improved performance of SBL.


Dr Fredrick Ringo, the FCC director-general, said their investigations showed that EABL was breaching the rules provided for under the FCC agreement.


“While monitoring EABL’s compliance with the merger approval conditions, we observed that based on the rationale of the approval, the performance of SBL was not as per expectations of the Commission,” Dr Ringo said.


The FCC has invited for submissions to both companies, and any other interested parties who feel that the intended revocation would affect their interests in the merger.


The EABL and SBL merger was approved in July 2010 and saw the Kenya-based brewer acquire a controlling stake (51 per cent) in SBL. FCC said that according to the merger agreement, EABL committed to ensuring that SBL achieved growth more than what it was achieving.


Last year, Diageo delayed the purchase of SBL for a further four years citing the Tanzanian brewer's slow growth.


READ: Diageo delays plan to buy Tanzanian subsidiary of EABL


Diageo, which owns a 50.02 per cent stake in EABL, had committed in 2010 to buy a 49 per cent stake in SBL by July 2014 for $600 million based on the performance of the Tanzanian unit.


SBL posted an operating loss of $2.7 million in the 2013/14 financial year.




EABL on the verge of losing Tanzanian subsidiary - Business
     



Wizkid -ojuelegba.......

Huu wimbo umepigwa vizuri sana na lyrics zake even better

"Ojuelegba"

Its legendury beats
Yea yea
wizzy baba o
Na wa oh
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o…wizzy

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They know my story
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From holdup studio
We been hustle to work eeeeh

Ni ojuelegba ooooh
My people dey there
My people suffer
Them dey pray for blessing eh
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My people dey there
Them dey pray for blessing
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Kilo dale – What has happened
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Aiye o ni double – We don’t have 2 lives
Adura lo le se o – Only prayer can do it
Call on daddy…baba God
Adura a gba o – prayers will be answered
Tisu eni ba dele – don’t flaunt your riches
A fowo bo n je

I am feeling good tonight
This thing got me thanking God for life
Oh, I can’t explain
I can’t explain eh yea

I am feeling good tonight
This thing gat me thanking God for life
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I say ni ojuelegba
They know my story
From holdup studio
I be hustle to work e

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We been hustle to work

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Mon jaiye mi won ni won soro ju – I’m enjoying life i say they talk too much
Won ni won ni won soro ju – say say they talk too much

I am feeling good tonight
This thing got me thanking God for life
Oh I can’t explain
I can’t explain eh yea

I am feeling good tonight
This thing got me thanking God for life
I can’t explain
I can’t explain eh yea
     



Wataalamu wa kiswahili njooni hapa!

Mwaka 2006 ndiyo mwaka niliyohitimu kidato cha NNE na kwa somo LA kiswahili nilipata "A"
Hapa Mimi ninajua neno kidato ndilo neno sahihi! Sasa hili LA #kidata limenichanganya sana naombe msaada jamani
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OFFICE OF THE PRESIDENT ....kwa wenzetu

The Office of the President is the Highest Executive Office in The Gambia. His Excellency Sheikh Professor Alhaji Dr. Yahya Abdul-Azziz Jemus Junkung Jammeh Babili Mansa is the Commander-In-Chief of the Armed Forces and the Chief Custodian of the Sacred Constitution of The Gambia.President Jammeh is also the Minister of Defence and holds responsibility over several Departments as listed in the tables below.
     


Sitaki kuamini kama huyu mzee ni basha kiasi hiki !!!


     


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