EABL halves Sh20bn loan to parent company Diageo

Beer maker East African Breweries Limited (EABL) has halved its Sh20.2 billion ($200 million) loan owed to parent company Diageo.
The beer maker used cash from the sale of its glass subsidiary to repay part of the loan in the financial year ended June 2016.

The EABL, which announced its full-year results on Friday, also said it had wired Sh8 billion to Diageo in addition to the Sh2.8 billion paid out in the previous financial year.