Diageo Arm Bumps Up Capital Expenditure Budget By US$33.7mn

Fresh off reporting year-on-year (y-o-y) turnover growth of 6% to KES34.4bn (US$453.3mn) in the year to June 2009, Diageo's East Africa-region brewing unit East African Breweries Limited (EABL) has scaled up its capital expenditure budget by US$33.7mn, which is set to be invested into its Kenyan and Ugandan operations. Following SABMiller's capacity doubling in Uganda - East Africa's only truly competitive beer market - BMI believes EABL is likely to place a particular emphasis on the country with its dominant but underperforming position in Kenya continuing to serve as the springboard for regional expansion.

To read the full article, please choose one of the following options: