Company type | Public |
---|---|
DSE: TBL | |
Industry | Brewing, Beverage |
Founded | 1933 |
Headquarters | Buguruni, Dar es Salaam, Tanzania |
Key people | Cleopa Msuya Chairman of the Board Philip Redman Managing Director |
Products | Beer, Wines and Spirits |
Revenue | TSh 892 billion (March 2013) |
TSh 176 billion (March 2013) | |
Total assets | TSh 738 billion (March 2013) |
Total equity | TSh 487 billion (March 2013) [1] |
Number of employees | 1,742 |
Parent | AB InBev |
Website | Homepage |
Tanzania Breweries Limited, also referred to as TBL, is the oldest and largest brewing company in Tanzania. [2]
Tanzania Breweries Limited is a Tanzania based company principally engaged in the production, distribution and sale of malt beer, non-alcoholic malt beverages and alcoholic fruit beverages in Tanzania.
TBL's headquarters are located in Dar es Salaam, Tanzania it operates four breweries in Dar es Salaam, Arusha, Mwanza and Mbeya. [3] TBL is listed on the Dar es Salaam Stock Exchange.
Tanzania Breweries Limited was founded in 1933 as Tanganyika Breweries in Tanganyika (now part of Tanzania). Tanganyika Breweries was acquired by Nairobi based Kenya Breweries Limited (KBL) in 1935. In 1936, KBL and Tanganyika Breweries operations were merged leading to the creation of the East African Breweries Limited (EABL). [4]
In 1964, The company name was changed from Tanganyika Breweries Limited to Tanzania Breweries Limited following the political unification of Tanganyika and the People's Republic of Zanzibar and Pemba to form the United Republic of Tanzania.
In 1967 the Government of Tanzania made their first equity investment in TBL through their acquisition of 45% stake in the brewery. They later took full control of the company in 1979 as part of the government's nationalization of large industries as part of the Arusha Declaration. [5] After being nationalized in 1967, TBL was poorly managed and become a loss making entity.
In 1993 the Tanzanian government entered into a joint venture with South African Breweries International (Now SABMiller) to run TBL. This was through a US$22.5 million investment in TBL by SABI, giving them SABI 50% ownership of the Company. SABMiller is the second largest and one of the most efficient brewing companies in the world. SABMiller turned TBL around with extraordinary speed, almost tripling production in the space of three years. [6]
September 9, 1998, TBL was listed on the DSE through a successful IPO. This made it the second listing on the bourse since its formation. [7]
In 2002, Diageo backed EABL acquired a 20% equity stake in TBL after it (EABL) signed license agreements with South African Breweries International and agreed to issue SABI a similar share Kenya Breweries Limited. In the agreement, SABI exited the Kenyan market while EABL exited the Tanzanian market by handing over its Kibo subsidiary to TBL. [4] This partnership gave TBL 98% share of the market as by the year 2004. [8]
In 2010, EABL ended this agreement with TBL with the option to buy a 51% stake in Serengeti Breweries, the second-biggest beer maker in Tanzania, and disposed its 20% stake in TBL for US$71.5 million through a secondary offer on the DSE in 2011. [9]
On March 14, 2013, the TBL acquired 60% of the share capital of Dar es Salaam based Darbrew Limited for TSh 8,816 million and obtained control of the company. [8]
As at March 31, 2013, TBL had a 74% market share of alcoholic beverages in Tanzania and was a major exporter of beer to Nile Breweries Limited of Uganda, Crown Beverage Limited of Kenya and Zambia Breweries Limited of Zambia all subsidiaries of SABMiller. [8]
In 2015 and 2016 TBL won employer of the Year Award, in 2015, 2016 and 2017 the Manufacturer of the Year and it is the Largest Taxpayer in Tanzania.
Tanzania Breweries Limited (TBL) is the largest tax payers in form of corporate tax, excise duty and value added tax. The largest brewer in the land paid 472bn/- last year compared to 463bn/- in the prior year warranting the recognition of a largest tax payer in the country.
The companies that comprise the Tanzania Breweries Limited include: [8]
All the companies that constitute TBL are domiciled in Tanzania.
At the moment TBL trades 11 Key brands including the following list:
The shares of Tanzania Breweries Limited are traded on the Dar es Salaam Stock Exchange, under the symbol: TBL. The shareholding in the company's stock as at March 31, 2013 was as depicted in the table below: [8]
Tanzania Breweries Limited Stock Ownership | ||||||||||||||||||||||||||||||
|
Tanzania Breweries Limited is governed by a ten-person Board of Directors with Leonard Mususa serving as the Chairman of the group and Philip Redman as the Managing Director. [10]
South African Breweries is a major brewery headquartered in Johannesburg, South Africa and was a wholly owned subsidiary of SABMiller until its interests were sold to Anheuser-Busch InBev on 10 October 2016. South African Breweries is now a direct subsidiary of Anheuser-Busch InBev SA/NV.
SABMiller plc was a South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by AB InBev for US$107-billion. It was the world's second-largest brewer measured by revenues and was also a major bottler of Coca-Cola. Its brands included Foster's, Miller, and Pilsner Urquell. It operated in 80 countries worldwide and in 2009 sold around 21 billion litres of beverages. Since 10 October 2016, SABMiller is a business division of AB InBev, a Belgian multinational corporation with headquarters in Leuven.
Anadolu Efes Biracılık ve Malt Sanayii A.Ş. produces and markets beer and malt and non-alcoholic beverages in Turkey, the United States, Russia, the Commonwealth of Independent States (CIS), Europe, Central Asia and the Middle East. Anadolu Efes is a member of the Anadolu Group. Anadolu Group was founded in 1950 by the Özilhan and Yazıcı families. The Anadolu Group transformed into a holding company in 1969.
The Asahi Group Holdings, Ltd. is a Japanese beverage holding company headquartered in Sumida, Tokyo.
Beer in Africa, especially lager, is produced commercially in most African countries, and indigenous people also make varieties of beer. Beer is served in various locales, from neighbourhood shebeens to upscale bars. Many countries have standardized beer bottle sizes, which are cleaned and re-used, so when buying beer at a store, people often must pay a deposit on the bottle and the price of the beer. An alternative to glass-bottle beers is local beer sold in tetra-pak style paper cartons.
Plzeňský Prazdroj, a. s. is a Czech brewery which opened in 1842 in Plzeň, Bohemia. It was the first brewery to produce a pale lager, branded as Pilsner Urquell, which became so popular and was so much copied that more than two-thirds of the beer produced in the world today is pale lager, sometimes named pils, pilsner and pilsener after Pilsner Urquell. The brewery name, Pilsner Urquell, which can be roughly translated into English as "the original source at Pilsen", was adopted as a trademark in 1898. Pilsner Urquell is the largest producer and exporter of beer in the Czech Republic.
East African Breweries Limited, commonly referred to as EABL, is a Kenyan-based holding company that manufactures branded beer, spirits, and non-alcoholic beverages.
The Dar es Salaam Stock Exchange (DSE) is a stock exchange located on Ohio Street, west of Kivukoni, south east of Dar es Salaam, the commercial capital and largest city in Tanzania. It was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association and the World Federation of Exchanges. The exchange is open five days a week, from Monday through Friday. The trading days are weekly from Monday to Friday, starting from 10.00 am to 14.00 pm.
SABMiller was one of the top five global brewing companies, and had a range of over 150 beers, including international beers such as Pilsner Urquell, and Miller Genuine Draft, and local ones such as Gambrinus and Castle Milk Stout.
The Jubilee Insurance Company of Kenya (JICK), mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community. It is a wholly owned subsidiary of Jubilee Holdings Limited, a multinational insurance holding company, which maintains its headquarters in Nairobi, the capital of Kenya, with subsidiaries in Kenya, Tanzania, Uganda, Burundi, and Mauritius, with plans to expand on the African continent.
International Breweries plc is a brewery in Nigeria. It began production in December 1978 with an installed capacity of 200 000 hectolitres per annum, this increased to 500 000 hl/a in December 1982.
Intafact Beverages Limited is a brewing company based in Onitsha, Anambra State, Nigeria. Since 15 December 2017, it is a subsidiary of International Breweries Plc.
TransCentury Limited is an infrastructure company whose stock is "listed on the Nairobi Securities Exchange (NSE) with three divisions across 14 countries in East, Central and Southern Africa".
Kgalagadi Breweries (Pty) Limited are brewers based in Gaborone, Botswana. They produce lager beers, traditional beers, bottled water and soft drinks under license. The brewery started out as Prinz Brau, with two brands, Prinz Brau and Prinz Deluxe.
Distell Group Limited, commonly referred to as Distell, was a multinational brewing and beverage company, based in South Africa. On April 26, 2023, Distell was acquired by Heineken. After that, its operations were integrated into Heineken Beverages, a company created by the merger of its South African unit, Distell, and the African brewery acquired by the Dutch multinational Namibia Breweries.
Coca-Cola Beverages Africa is a company that was formed in 2014 from the merger of SABMiller plc, The Coca-Cola Company and Gutsche Family Investments beverage bottling operations in Southern and East Africa.
Jubilee Holdings Limited is a financial services holding company, with its headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania, Burundi, and Mauritius. Its activities are mainly in the insurance sector.
Beer and alcohol is an integral part of Tanzanian society and local brands hold a strong sense of national pride among the Tanzanian population. There is a considerable amount of brewing and drinking done in the country. Tanzania ranks 6th in Africa for beer consumption and contributes to over 3% of the African consumption. However, over 90% of the national consumption is either homemade or from the informal sector. Bottled beer is expensive for the majority of the population and is almost 6 times more expensive than the maize beers. Nonetheless, beer sales and taxes are a vital part of the Tanzanian economy.
Keroche Breweries is a Kenyan brewer and alcoholic beverages manufacturer. Founded in 1997 by Tabitha Karanja and her husband Joseph Karanja as a fortified wine maker, the company has grown to be the second largest alcoholic beverages producer in Kenya. The company's headquarters is located in Naivasha, Kenya. The Karanja family are the company's majority shareholders as well as C-Suite executives. The company's flagship brand is Summit Lager. It also brews Summit Malt and KB Lager. The company also produces a range of wines under the Valley Wines brand, ready-to-drink vodkas under its Viena Ice brand and spirits including dry gin, whiskey, brandy and vodka under its Crescent brand.