June 28, 2017 7:23 PM ET

Beverages

Company Overview of Tanzania Breweries Limited

Company Overview

Tanzania Breweries Limited produces, distributes, and sells malt beer, non-alcoholic malt beverages, and alcoholic fruit beverages in Tanzania. The company operates through two divisions, Beer, and Wines and Spirits. It primarily owns liquor brands, including Safari Lager; Kilimanjaro Premium Lager; Ndovu Special Malt; and Konyagi. The company also produces malt. In addition, it produces and distributes Castle Lager, Castle Milk Stout, Castle Lite, Peroni, and Redds Premium Cold under license from SABMiller International BV; and distributes Amarula and various other international brands of wines and spirits under license from Distell (Pty) Limited of South Africa. The company is based in Dar...

Plot 79, Block 'AA'

Uhuru Street

Mchikichini, Ilala District

PO Box 9013

Dar es Salaam,  

Tanzania

2,200 Employees

Phone:

255 764 702 905

Fax:

255 736 606 369

Key Executives for Tanzania Breweries Limited

Tanzania Breweries Limited does not have any Key Executives recorded.

Tanzania Breweries Limited Key Developments

Tanzania Breweries Limited Announces Earnings Results for the Year Ended March 31, 2016

Tanzania Breweries Limited announced earnings results for the year ended March 31, 2016. For the year, the company has posted 6% profit increase to TZS 228.98 billion compared to TZS 216.55 billion registered in the previous year, despite challenging market and economic conditions. The company's financial results show a 4% revenue increase to TZS 1.11 trillion from TZS 1.073 trillion of the preceding year, driven mainly by volume growth mainly due to price stability following non rise of excise duty and well stable disposal income. The operating profit increased by 4% to TZS 330.07 billion compared to TZS 318.33 billion of the year before due to production and cost efficiencies. The total cash generated from operations during the period was TZS 373 billion of which TZS 93 billion utilized to pay corporate tax and the remaining amount funded capital expenditure, repayment of bank borrowings and interest expenses.

The Court of Appeal Orders Fresh Hearing of an Application Relating to Labour Dispute Involving the Tanzania Breweries Limited

The Court of Appeal has ordered fresh hearing of an application relating to a labour dispute involving the Tanzania Breweries Limited (TBL) and its former employee, Joseph Boniface, over termination of the latter's employment for bribery allegations. Justices Nathalia Kimaro, Stella Mugasha and Richard Mziray reached such a decision after allowing an appeal lodged by TBL to fault the ruling given by the High Court on October 2, last year, after noting some inadequacy in the employment laws. Such inadequacy, they noted, related to services and notification by the Commission for Mediation and Arbitration (CMA) to the parties to the dispute on Award to enable them take appropriate measures in case of any grievance.

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Recent Private Companies Transactions

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