Tanzania Breweries Limited

Company type	Public
Traded as	DSE: TBL
Industry	Brewing, Beverage
Founded	1933
Headquarters	Buguruni, Dar es Salaam, Tanzania
Key people	Cleopa Msuya Chairman of the Board Philip Redman Managing Director
Products	Beer,Wines andSpirits
Revenue	TSh 892 billion(March 2013)
Net income	TSh 176 billion(March 2013)
Total assets	TSh 738 billion(March 2013)
Total equity	TSh 487 billion(March 2013)[1]
Number of employees	1,742
Parent	AB InBev
Website	Homepage

Tanzania Breweries Limited, also referred to asTBL, is the oldest and largest brewing company in Tanzania.^[2]

Tanzania Breweries Limited is aTanzania based company principally engaged in the production, distribution and sale of malt beer, non-alcoholic malt beverages and alcoholic fruit beverages in Tanzania.

TBL's headquarters are located in Dar es Salaam, Tanzania it operates four breweries inDar es Salaam,Arusha,Mwanza andMbeya.^[3] TBL is listed on theDar es Salaam Stock Exchange.

Tanzania Breweries Limited was founded in 1933 asTanganyika Breweries inTanganyika (now part of Tanzania). Tanganyika Breweries was acquired byNairobi basedKenya Breweries Limited(KBL) in 1935. In 1936, KBL and Tanganyika Breweries operations were merged leading to the creation of theEast African Breweries Limited (EABL).^[4]

In 1964, The company name was changed from Tanganyika Breweries Limited toTanzania Breweries Limitedfollowing the political unification ofTanganyika and thePeople's Republic of Zanzibar and Pemba to form theUnited Republic of Tanzania.

In 1967 theGovernment of Tanzania made their first equity investment in TBL through their acquisition of 45% stake in the brewery. They later took full control of the company in 1979 as part of the government's nationalization of large industries as part of theArusha Declaration.^[5] After being nationalized in 1967, TBL was poorly managed and become a loss making entity.

In 1993 the Tanzanian government entered into a joint venture withSouth African Breweries International (NowSABMiller) to run TBL. This was through a US$22.5 million investment in TBL by SABI, giving them SABI 50% ownership of the Company. SABMiller is the second largest and one of the most efficient brewing companies in the world. SABMiller turned TBL around with extraordinary speed, almost tripling production in the space of three years.^[6]

September 9, 1998, TBL was listed on theDSE through a successfulIPO. This made it the second listing on the bourse since its formation.^[7]

In 2002,Diageo backedEABL acquired a 20% equity stake in TBL after it (EABL) signed license agreements with South African Breweries International and agreed to issue SABI a similar share Kenya Breweries Limited. In the agreement, SABI exited the Kenyan market while EABL exited the Tanzanian market by handing over its Kibo subsidiary to TBL.^[4] This partnership gave TBL 98% share of the market as by the year 2004.^[8]

In 2010, EABL ended this agreement with TBL with the option to buy a 51% stake in Serengeti Breweries, the second-biggest beer maker in Tanzania, and disposed its 20% stake in TBL for US$71.5 million through a secondary offer on the DSE in 2011.^[9]

On March 14, 2013, the TBL acquired 60% of the share capital of Dar es Salaam based Darbrew Limited for TSh 8,816 million and obtained control of the company.^[8]

As at March 31, 2013, TBL had a 74% market share of alcoholic beverages in Tanzania and was a major exporter of beer toNile Breweries Limited ofUganda, Crown Beverage Limited ofKenya and Zambia Breweries Limited ofZambia all subsidiaries ofSABMiller.^[8]

In 2015 and 2016 TBL won employer of the Year Award, in 2015, 2016 and 2017 the Manufacturer of the Year and it is the Largest Taxpayer in Tanzania.

Tanzania Breweries Limited (TBL) is the largest tax payers in form of corporate tax, excise duty and value added tax. The largest brewer in the land paid 472bn/- last year compared to 463bn/- in the prior year warranting the recognition of a largest tax payer in the country.

The companies that comprise the Tanzania Breweries Limited include:^[8]

1. Tanzania Breweries Limited - The flagship company of the group. Engages in the production, distribution and sale of malt beer, non-alcoholic malt beverages and alcoholic fruit beverages in Tanzania.
2. Kibo Breweries Limited - 100% Shareholding - Engages in management of fixed assets. The companies within the group lease plant and machinery, motor vehicles and furniture from this unit.
3. Tanzania Distilleries Limited - 65% Shareholding - Engages in the production of spirituous liquors.
4. Darbrew Limited - 60% Shareholding - Engages in the production of Traditional African Beverages (TAB) commonly known as Opaque beer.
5. Mountainside Farms Limited - 4% Shareholding - Engages in barley farming.

All the companies that constitute TBL are domiciled in Tanzania.

At the moment TBL trades 11 Key brands including the following list:

1. Castle Lager
2. Castle Lite
3. Kilimanjaro Lager
4. Eagle
5. Balimi
6. Ndovu Special Malt
7. Safari Lager
8. Castle Milk Stout
9. Grand Malta
10. Bia Bingwa
11. Safari Sparkling Water
12. Konyagi

The shares of Tanzania Breweries Limited are traded on the Dar es Salaam Stock Exchange, under the symbol:TBL. The shareholding in the company's stock as at March 31, 2013 was as depicted in the table below:^[8]

Tanzania Breweries Limited is governed by a ten-person Board of Directors with Leonard Mususa serving as the Chairman of the group and Philip Redman as the Managing Director.^[10]

• SABMiller Homepage
• EABL Homepage
• Dar es Salaam Stock Exchange

• Beer in Tanzania
• Dar es Salaam Stock Exchange
• SABMiller
• East African Breweries
• Diageo

• SABMiller
• Economic history of Tanzania
• Companies listed on the Dar es Salaam Stock Exchange
• Breweries of Africa
• Food and drink companies established in 1933
• 1933 establishments in Tanganyika
• Beer in Tanzania
• Tanzanian brands
• Manufacturing companies of Tanzania
• Economy of Dar es Salaam

• Webarchive template wayback links
• CS1 Lithuanian-language sources (lt)
• EngvarB from September 2014
• Use dmy dates from September 2014