EABL pays Sh11bn loans to tame high interest costs

East Africa Breweries Limited Group Chief Finance Officer Risper Ohaga.

Photo credit: File | Nation Media Group

East African Breweries Plc (EABL) spent Sh11 billion in repaying debts in the year ended June 2024, as part of cost management measures in an environment of rising interest rates.

The firm’s financial statements for the review period shows total debt stock contracted to Sh49.67 billion from Sh60.67 billion in June 2024.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.