By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Kenya Online NewsKenya Online News
  • Home
  • Latest News
  • Politics
  • Entertainment
  • Business
  • Sports
Reading: EABL Invests KSh5.9 billion in Businesses Led by Youth, Women and Persons with Disabilities
Share
Notification Show More
Font ResizerAa
Font ResizerAa
Kenya Online NewsKenya Online News
  • Home
  • Latest News
  • Politics
  • Entertainment
  • Business
  • Sports
  • Home
  • Latest News
  • Politics
  • Entertainment
  • Business
  • Sports
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Kenya Online News > Blog > Business > EABL Invests KSh5.9 billion in Businesses Led by Youth, Women and Persons with Disabilities
Business

EABL Invests KSh5.9 billion in Businesses Led by Youth, Women and Persons with Disabilities

Agencies for Kenya Online News
Last updated: October 8, 2024 3:28 pm
By Agencies for Kenya Online News 4 Min Read
Share
SHARE
Spread the love

Published on October 8, 2024 by Agencies for Kenya Online News

Last Updated on 2 years by Agencies for Kenya Online News

East African Breweries PLC (EABL) spent KSh5.9 billion on businesses owned by youth, women, and Persons with Disabilities in the past financial year, the company has said in its latest Sustainability Report.

The spend represents 7.9 percent of EABL’s total supplier base, surpassing the initial target of 6 percent. It is part of EABL’s broader strategy to promote economic inclusivity and empower underrepresented groups, by integrating them into the company’s supply chain.

Through this initiative, EABL aims to drive meaningful progress in fostering diversity while contributing to the economic empowerment of these marginalised groups.

This year’s report highlights the region’s largest manufacturer’s value creation beyond the generation of value for shareholders and the manufacture and distribution of alcoholic beverages. It also highlights the effect of the company’s significant investments in renewable energy, water conservation, and community empowerment initiatives, and progress on meeting the targets.

Speaking at the event to launch the report, Hon. Dorcas Oduor SC, EBS OGW – The Attorney General said: “As one of Kenya’s oldest and biggest companies, EABL has done a lot of pioneering work around ESG in the country and the region. I’m delighted when I see the work you have done and the progress towards sustainability and to prioritise the rights and dignity of every person, irrespective of their gender, age, physical ability or geographical location.”

EABL’s Group Managing Director and Chief Executive Officer, Jane Karuku, said: “In 2024, we made significant strides in our commitment to gender equality by increasing the number of women in leadership roles across the business. Women now make up 45 percent of our leadership team, a reflection of our dedication to creating an inclusive environment that fosters equal opportunities for all.”

Among the highlights of the report this year is the work done to empower underprivileged communities through skills development.

In 2024, the company provided business and hospitality skills training to 9,951 individuals, surpassing its annual target by 68 percent.

Through the Learning for Life Initiative, the company empowered 4,570 women – against a target of 2,500 – with training in business and hospitality skills including budgeting, timekeeping, negotiation, and mixology to enable them to get employment or set up their own businesses.

On the environmental front, EABL reduced the amount of water used in manufacturing its products to 2.93 litres per litre of packaged product, beating the target of 3.07 litres per litre. The company increased the amount of water replenished to 403,908 cubic metres, from 361,217 cubic metres last year.

The full utilisation of the biomass plants at the breweries in Kampala, Kisumu and Nairobi has helped reduce EABL’s carbon footprint by reducing the company’s direct carbon emissions from 28.29 kilotons last year to 21.4 kilotons.

EABL also successfully implemented the project where they take back used spirit bottles from the market and in F24 collected more than 17 million bottles, with more than 500 youth employed to collect, wash, sort and store them before they are reused.

With the biomass plants in Nairobi, Kisumu and Kampala now fully operational, EABL has increased the use of renewable energy to 75.49 per cent of the total power used in its operations.

You Might Also Like

StarTimes Premieres Two Engaging Telenovelas to Drive Subscriber Growth

Best at home and away; Prof Paul Kibicho sets Pinnacle Quest investments best investment partner

OPPO Kenya and LOOP Renew Partnership with Exclusive Cashback Offer on All OPPO Devices

Ex-Central Bank Chair Nyaoga Appointed as Absa Bank Kenya PLC Board of Directors Chairman

NCBA ROLLS OUT FLEXIBLE FINANCING FOR PSV SACCOS

TAGGED:East African Breweries
Share This Article
Facebook Twitter Email Print
Previous Article LG QNED TVs: The Ultimate Entertainment Hub for Your Living Space
Next Article JKIA to Close International Arrivals Terminal
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
- Advertisement -
Ad image

Latest News

Is FKF’s New Leadership Quietly Engineering a Golden Era for Kenyan Football?
Football
The Success of FIFA Women’s Series in Kenya is a Clear Sign of FIFA’s Growing Global Confidence in FKF
Football Sports
The 3-Million Vote Deficit: Why the Road to 2027 Looks Steep for the Incumbency
Politics
Mainga’s Global Rise: How Mega Rail Deals Are Redefining Kenya Railways Future
News
//

We influence 20 million users and is the number one business and technology news network on the planet

  • Home
  • Latest News
  • Politics
  • Entertainment
  • Business
  • Sports

Find Us on Socials

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2022 Kenya Online News. All Rights Reserved.
  • Home
  • Latest News
  • Politics
  • Entertainment
  • Business
  • Sports
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?