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Kenya Breweries was founded in 1922 by two white settlers, George and Charles Hurst. By 1990, most of the shareholders were Kenyan and the company was very successful. Tanzania Breweries had been started by Kenya Breweries in the 1930s. After being nationalized in 1967, Tanzania Breweries was poorly managed. However, in 1993 the Tanzanian government entered into a joint venture with South African Breweries Limited to run Tanzania Breweries. South African Breweries is one of the largest and most efficient brewing companies in the world. They turned Tanzania Breweries around with extraordinary speed, almost tripling production in the space of three years. In 2002 East African Breweries Limited EABL and Plc. acquired a 20% equity stake in Kenya Breweries. OWNERSHIP AND LISTING The largest shareholder is Diageo Plc. It is primarily listed on the Nairobi Stock Exchange . It is also listed on the Uganda Securities Exchange and Dar es Salaam Stock Exchange TUSKER Tusker is well-known Beer from Kenya . Its logo is an Elephant bearing Tusk s in memory of the 1923 death of George Hurst at the tusks of a bull elephant. On every bottle is written the slogan "Bia Yangu, Nchi Yangu", meaning in Swahili "My Beer, My Country". It has won many international prizes and is available virtually everywhere in the world. Tusker Lager is brewed using the highest quality malted barley grown in the scenic Kenyan Rift Valley, Hops and Water. |
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