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EABL blames erratic tax for its high business costs

EABL Group chairman Charles Muchene (centre) rings the bell during the listing of the EABL’s final series of its corporate bond at the NSE on May 8, 2017. Looking on is Group MD Andrew Cowan (left) and NSE chief executive Geoffrey Odundo. PHOTO | SALATON NJAU | NMG

By  JAMES NGUNJIRI

Unpredictable tax rises have escalated East African Breweries Limited’s (EABL) #ticker:EABL cost of doing business and made planning difficult.

EABL group chairman Charles Muchene on Monday said volatile tax is making it difficult for investors to attract long-term capital.

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

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