British drinks giant Diageo’s plan to make a big asset sale has turned the spotlight on its subsidiary East African Breweries Limited (EABL) in a period when the multinational has exited three African markets in quick succession.
The UK firm on Tuesday unveiled a $500 million (Sh64.65 billion) cost-cutting programme and assets disposal plan as part of its “asset light model” aimed at reducing volatility in Africa and driving better returns.
