East African Breweries Limited (EABL) has recorded a 49 percent increase in net profit to Sh18.2 billion for the financial year ended June 30, 2026, driven by higher sales, disciplined cost management and reduced financing expenses. The brewer reported a 13 percent rise in revenue to Sh146 billion, supported by …
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British American Tobacco (BAT) has announced plans to eliminate around 9,000 jobs worldwide as part of a major restructuring strategy aimed at reducing costs and modernising its operations. The tobacco company, known for brands such as Lucky Strike and Dunhill, will cut 5,500 positions while outsourcing another 3,500 roles. BAT …
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The Board of I&M Group PLC has appointed Abdi Mohamed as the incoming Chief Executive Officer of I&M Bank Kenya, subject to approval by the Central Bank of Kenya (CBK). In a statement issued to shareholders on Monday, the lender announced that Mohamed will join the bank from Absa Bank …
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Digital lending firm Tala has announced plans to reduce its workforce in Kenya as part of a broader global restructuring aimed at streamlining operations and centralizing key business functions. In a statement, the US-based fintech company said the exercise is expected to affect fewer than 10 percent of its employees …
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The Lower Eastern Times Opening The Third Eye