Tusker beer heading for oblivion?

 https://phoenix-browser.com/BfQiREWV1Nw

Diago PLC could dispose of its shares in EABL Group as part of its 500 million cost-cutting program to fight-off the effects of US tariffs, sluggish demand worldwide, including East Africa and a reduction in drinking habits in key markets.

Tusker lager was first brewed in 1922 with the first order made at the then Exchange Bar, at the Stanley Hotel. EABL’s margins have been steadily declining in recent years following heavy taxation and excessive regulation on the business.

Diageo Plc could dispose of its shares in EABL Group as part of its US$ 500 million cost-cutting program to fight off effects of US tariffs, sluggish demand worldwide including East Africa and a reduction in drinking habits in key markets.

Speculation over the UK Group’s planned divestiture from Kenya comes against recent tough measures in the East African country’s to prohibit the sale and consumption of alcohol, including raising the minimum age limit for alcohol consumers to 21 years from 18 years. Shares in the London-listed company have fallen 24% over the past year.