Kenya Wine Agencies Limited

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Kenya Wine Agencies Limited
Company typePrivate company
Industry Manufacturing & Marketing
Founded1969
Headquarters Nairobi, Kenya
Key people
Kuria Muchiru (Chairperson)
Lina Githuka (Managing Director) [1]
ProductsWine, Spirits & Juices
Number of employees
229 (2021)
Website www.kwal.co.ke

Kenya Wine Agencies Limited (KWAL), is a first line manufacturer, importer and distributor of wine, spirits and non-alcoholic beverages

Contents

History

The company was founded in 1969 by the Government of Kenya, to consolidate and streamline the importation and distribution of wine and spirits in the country. The agency opened its first wholly owned winery in 1982. Initially, KWAL enjoyed a monopoly, which was broken when the country's economy was liberalized. In the beginning, KWAL was a 100% parastatal, owned through the Industrial and Commercial Development Corporation (ICDC) [2] now Kenya Development Corporation (KDC).

In 2012, KWAL and the Distell Group Limited fought each other's in a legal feud when Distell started to bypass KWAL to distribute its beverages in Kenya. KWAL was the sole distributor of 80% of Distell beverages in Kenya. At this point, the Kenyan government had already considered selling a fair share of KWAL to Distell, but the process had been delayed. [3]

In 2014, the process of divestiture by the government was kick-started when 26% shareholding was sold to the South African multinational conglomerate Distell Group Limited. [4] Beginning in February 2015, the Government of Kenya began the process of selling 4% ownership to the estimated 235 company employees at the time at a price of KSh34 (US$0.00378) per share. The process is expected to conclude in April or May 2015. ICDC still has a 42.65 stake to dispose of. [5] Since 2017, Distell Group Limited owns a majority share in KWAL, having acquired an additional 26% stake from the Industrial and Commercial Development Corporation (ICDC) [6] now Kenya Development Corporation (KDC).

In October 2018, Lina Githuka was appointed new managing director of the company, succeeding to Carlos Gomes. [7] In 2019, KWAL started its own production of Hunters-branded cider. [8] In February 2021, KWAL launched the construction of its new manufacturing facility in Tatu City, its first in 20 years. [9]

Description

Activities

KWAL is a wine manufacturer, distiller, importer and distributor of alcoholic beverages, headquartered in Nairobi, with a distribution network throughout Kenya's urban centres. The company has an established countrywide branch network and is repositioning itself to grow the market in line with its renewed vision of being the preferred provider of Quality beverages in Eastern Africa and beyond. [6]

KWAL pioneered the wine industry in Kenya having established the first commercial winery in Kenya in 1982.

Ownership

The company is owned by KWAL Holdings E.A. Limited (KHEAL). KHEAL the parent Company of the KWAL group of companies has shareholding as follows as of June 2022:

Kenya Wine Agencies Limited Stock Ownership
RankName of OwnerPercentage Ownership
1 Distell Group Limited 55.44
2 KDC 43.77
3Other0.79
Total100.00

In May 2021, the Heineken group offered to acquire the Distell group, which would make the Dutch group the majority shareholder of KWAL. [10]

See also

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References

  1. ↑ "Kenya Wine Agencies Limited :The Board of Directors". Kenya Wine Agencies Limited. 2014. Retrieved 12 February 2015.
  2. ↑ Gachie, Josphat (2013). "Kenya Wine Agencies Limited – KWAL". Archived from the original on 21 September 2013. Retrieved 12 February 2015.{{cite web}}: CS1 maint: unfit URL (link)
  3. ↑ Distell to market products despite legal tussle with Kwal, Businessdailyafrica.com, 12 September 2012
  4. ↑ Wahito, Margaret (29 August 2014). "Kenya: KWAL Privatisation Process Concludes". 98.4 Capital FM (Nairobi) via AllAfrica.com . Retrieved 12 February 2015.
  5. ↑ Herbling, David (12 February 2015). "Kwal Staff Begin Buying Winery Shares at Sh34". Business Daily Africa (Nairobi). Nation Media Group . Retrieved 12 February 2015.
  6. 1 2 "Our Story".
  7. ↑ John Mutua, KWAL names new boss as it eyes larger market share, Businessdailyafrica.com, 22 octobre 2018
  8. ↑ Brian Ngugi, Kwal starts local production of cider brands, Businessdailyafrica.com, 8 May 2019
  9. ↑ Grace Matheka, KWAL kicks off construction of its manufacturing facility at Tatu City, Hapakenya.com, 15 February 2021
  10. ↑ Victor Juma, Heineken eyes South African firm with 55pc stake in Kwal, Businessdailyafrica.com, 20 May 2021
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