Tanzania Breweries Limited shareholders approve Sh537 per share dividends

Tanzania Breweries Limited shareholders approve Sh537 per share dividends

Dar es Salaam. Shareholders of Tanzania Breweries PLC yesterday approved the payment of Sh537 per share in dividend payout that is worth Sh158.4 billion for the year ending December 31, 2023.

“This illustrates TBL PLC’s commitment to delivering consistent returns to its esteemed shareholders,” said TBL board chairman Mr Leonard Mususa in a statement released after its 51st Annual General Meeting (AGM) at the Julius Nyerere International Convention Centre on July 25.

“We are proud to announce that despite the challenging operating conditions in 2023, including global geopolitical tensions and local excise duty hikes, TBL PLC demonstrated resilient growth and delivered significant value to our shareholders,” he added.

TBL has reported resilient growth and profitability to the tune of Sh224 billion, which is an increase of four percent over the previous year.

In fact, TBL Group’s revenue increased by 12 percent to Sh1.27 trillion in the year under review.

TBL also paid Sh586 billion in taxes to the government in 2023, compared to Sh528 billion the year before, according to the statement.

The AGM involved the approval of the appointment of PricewaterhouseCoopers as the external auditors for the upcoming financial year ending December 31, 2024.

Revenue growth was driven by both beer and spirits, with significant contributions from the core and core-plus segments of the beer business and spirits, the firm stated.

Looking forward to 2024, the firm believes that the formal alcoholic beverage industry remains relevant in Tanzania and there could be more opportunities ahead to expand markets of beer and other beverages.

“We will continue putting our consumers and customers at the centre of what we do and continue executing our tried-and-tested commercial plan to accelerate the pace of business growth,” said Mr Mususa.

TBL procures over 74 percent of its raw materials from within the country, directly and indirectly supporting the creation of over a million jobs throughout its supply chain.

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Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response
Tanzania Foreign Investment News
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Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response

Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response

Addis Ababa, January 20, 2025</Strong> — Tanzania has declared a Marburg virus disease (MVD) outbreak after confirming one case and identifying 25 suspected cases in the Kagera Region of Northwestern Tanzania. The Marburg virus, a highly infectious and often fatal disease, is similar to Ebola and is transmitted to humans from fruit bats and monkeys. This outbreak marks the nation’s second encounter with the deadly virus, following the outbreak in Bukoba District of Kagera Region in March 2023, which resulted in nine cases and six deaths.

In response to this urgent threat, the Africa CDC is mobilizing strong support to help Tanzania contain the outbreak. A team of twelve public health experts will be deployed as part of an advance mission in the next 24 hours. The multidisciplinary team includes epidemiologists, risk communication, infection prevention and control (IPC), and laboratory experts to provide on-ground support for surveillance, IPC, diagnostics, and community engagement.

The Director-General of Africa CDC, Dr. Jean Kaseya, has engaged with Tanzania’s President Samia Suluhu Hassan and the Minister of Health to ensure coordinated efforts and secure political commitment for the response.

“Africa CDC stands firmly with Tanzania in this critical moment. To support the government’s efforts, we are committing US$ 2 million to bolster immediate response measures, including deploying public health experts, strengthening diagnostics, and enhancing case management. Building on Tanzania’s commendable response during the 2023 outbreak, we are confident that swift and decisive action, combined with our support and those of other partners, will bring this outbreak under control,” Dr. Kaseya stated.

Africa CDC has recently supported efforts to enhance the diagnostic and sequencing capacity of public health laboratories in Tanzania. PCR Test kits and genomic sequencing reagents have been dispatched, with additional supplies in the pipeline. To ensure rapid identification and confirmation of cases, the institution will also provide technical assistance to strengthen detection and genome sequencing for better characterization of the pathogen. Additionally, support will be provided to improve case management protocols and enhance the capacity to deliver safe and effective treatment.

Africa CDC is committed to working closely with the Government of Tanzania, regional partners, international organizations, and global stakeholders, including the World Health Organization, to stop the spread of the Marburg virus.

Source: allafrica.com

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Tanzania Declares End of Marburg Virus Disease Outbreak
Tanzania Foreign Investment News
Chief Editor

Tanzania Declares End of Marburg Virus Disease Outbreak

Tanzania Declares End of Marburg Virus Disease Outbreak

Tanzania today declared the end of Marburg virus disease outbreak after recording no new cases over 42 days since the death of the last confirmed case on 28 January 2025.

The outbreak, in which two confirmed and eight probable cases were recorded (all deceased), was the second the country has experienced. Both this outbreak, which was declared on 20 January 2025, and the one in 2023 occurred in the north-eastern Kagera region.

In response to the latest outbreak, Tanzania’s health authorities set up coordination and response systems, with support from World Health Organization (WHO) and partners, at the national and regional levels and reinforced control measures to swiftly detect cases, enhance clinical care, infection prevention as well as strengthen collaboration with communities to raise awareness and help curb further spread of the virus.

Growing expertise in public health emergency response in the African region has been crucial in mounting effective outbreak control measures. Drawing on experience from the response to the 2023 Marburg virus disease outbreak, WHO worked closely with Tanzanian health authorities to rapidly scale up key measures such as disease surveillance and trained more than 1000 frontline health workers in contact tracing, clinical care and public health risk communication. The Organization also delivered over five tonnes of essential medical supplies and equipment.

“The dedication of frontline health workers and the efforts of the national authorities and our partners have paid off,” said Dr Charles Sagoe-Moses, WHO Representative in Tanzania. “While the outbreak has been declared over, we remain vigilant to respond swiftly if any cases are detected and are supporting ongoing efforts to provide psychosocial care to families affected by the outbreak.”

Building on the momentum during the acute phase of the outbreak response, measures have been put in place to reinforce the capacity of local health facilities to respond to potential future outbreaks. WHO and partners are procuring additional laboratory supplies and other equipment for disease detection and surveillance and other critical services.

Marburg virus disease is highly virulent and causes haemorrhagic fever. It belongs to the same family as the virus that causes Ebola virus disease. Illness caused by Marburg virus begins abruptly. Patients present with high fever, severe headache and severe malaise. They may develop severe haemorrhagic symptoms within seven days.

In the African region, previous outbreaks and sporadic cases have been reported in Angola, the Democratic Republic of the Congo, Ghana, Kenya, Equatorial Guinea, Rwanda, South Africa and Uganda.

Source: allafrica.com

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