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    Mbadi Tables Ksh.4.2 Trillion Budget as Ruto Targets Bigger Revenue

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    KRA Launching Chatbot to Assist Small Businesses with Tax Matters

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    Gov’t Pumps Sh25 Billion into County Industrial Parks to Boost Agro-Processing
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    Gov’t Pumps Sh25 Billion into County Industrial Parks to Boost Agro-Processing

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    Kenya Commits to Easing Business for Investors and Entrepreneurs

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    President William Ruto, Chair of the East African Community (EAC), has announced an extraordinary summit to address the escalating conflict in Eastern DRC and the worsening humanitarian situation.
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    Government Orders Safaricom to Suspend Paybill Services for 58 Betting Firms

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    EABL’s profit after tax jumps 12% to Ksh12 billion for FY ending June 30, 2025 Strong product mix and strategic pricing drive performance Volume growth continues in key markets, especially premium segments Management successfully navigates inflation and currency pressures EABL’s Remarkable Financial Rebound East African Breweries Limited (EABL) has reported a strong 12% increase in profit after tax, reaching Ksh12 billion for the financial year ended June 30, 2025. This comes as a sharp recovery from last year, when earnings were softer. The beverage giant managed to outpace industry challenges, including declining revenues in the sector. The robust performance is attributed to effective pricing strategies, operational efficiency, and consistent demand across East Africa. Strong Growth Across Key Segments The company saw a healthy rise in net sales, underpinned by a solid product mix and market share gains in both the beer and spirits categories. Premium products showed particularly strong demand as consumer preferences shifted toward high-margin offerings. “Despite inflationary pressures and currency fluctuations, we have executed well, especially in premium segments,” said EABL’s leadership in an official statement. Managing Economic Headwinds EABL effectively managed rising costs by optimizing its supply chain and increasing local sourcing to counteract inflationary pressures. Cost containment strategies played a crucial role in improving profit margins. Dividends Reflecting Strong Performance The board has proposed a final dividend for shareholders, aligning with the company’s improved earnings. Shareholders will see a payout reflecting the positive trajectory, following earlier interim dividend payments this year. Analysts Weigh In Industry experts have praised EABL’s resilience, noting the company’s ability to thrive despite fierce competition and economic challenges. “Despite regulatory issues and constrained consumer spending, EABL delivered a solid 12% increase in profit,” said one market analyst. Looking Ahead: Expansion and Innovation EABL plans to continue growing its presence in Uganda and Tanzania, where strong market trends support further expansion. Additionally, the company is exploring innovation-led premium products and digital engagement to maintain consumption growth. With earnings surpassing the Ksh12 billion mark, EABL is confidently back on track for the next phase of growth, proving its ability to adapt to a volatile market environment.
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    EABL Posts Record Ksh12 Billion Profit for 2025 After 12% Increase

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    Business

    Equity Bank Teller in Court Over KSh 2.4 Million Theft

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    New 2025 Road Safety Rules: Tougher Vehicle Checks, School Transport Rules, and Alcohol Limits Incoming
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    New 2025 Road Safety Rules: Tougher Vehicle Checks, School Transport Rules,...

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    NYOTA Project Final Classroom Training Phase Kicks Off Across 17 Counties
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    NYOTA Project Final Classroom Training Phase Kicks Off Across 17 Counties

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    KWS Blocks Free Entry to Lake Nakuru National Park
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    KWS to Auction Motorbikes, Vehicles, and Scrap Metal Starting at Ksh10K...

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    Safaricom Set to Conduct M-Pesa System Upgrade on April 7

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    Govt Allocates KSh 47.6B to Turn Agriculture Around in 2025/26 Budget
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    Govt Allocates KSh 47.6B to Turn Agriculture Around in 2025/26 Budget

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    Court Blocks KRA’s Used Car Valuation Rollout
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    Court Blocks KRA’s Used Car Valuation Rollout

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    State House Budget Balloons Past Ksh 9 Billion in Supplementary Estimates
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    State House Budget Balloons Past Ksh 9 Billion in Supplementary Estimates

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    Left to Right: Johnson Ondicho, Head of Digital Channels at KCB Bank Kenya, Angela Mwirigi, KCB Bank Kenya Director of Digital Financial Services, Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, and Victor Ndlovu, Head Business Development East Africa at Mastercard during the KCB Multicurrency Prepaid Card Launch at Nairobi Royal Golf Club.
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    Kenya’s Banking Sector Reports Record Profits in 2024 Despite Economic Pressures

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    Kenya Revenue Authority (KRA) launches an online auction for various goods.
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    KRA Launches Online Auction for Clothes, Household Items & More

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