Expensive raw materials hit EABL's profit
The brewer’s managers say this is attributable to a shortage of factor inputs locally, which is forcing them to import and thus create more pressure on forex.
Source: theeastafrican.co.ke
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EABL cuts 168 jobs amid profit decline
Production employees were reduced by 122 to 759 while those in management and administration declined by 70 to 207.
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Source: theeastafrican.co.ke