East AfricaNews & AnalysisThe Big Story

EXCLUSIVE: Here is a List of UBL Shareholders Who Sold—And Those Who Refused to Sell to EABL

by Paul MurungiMay 22, 2025May 23, 2025
UBL Managing Director, Andrew Kilonzo and his counterpart, EABL Group CEO, Jane Karuku. In an extraordinary act of shareholder resolve, a majority of the minority investors in Uganda Breweries Limited (UBL) stood their ground against a high-stakes buyout offer from East African Breweries Limited (EABL).

In an extraordinary act of shareholder resolve, a majority of the minority investors in Uganda  Breweries Limited (UBL) stood their ground against a high-stakes buyout offer from East African Breweries…

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Tagged: Damji Zarin Begum EABL Elizabeth Kibuuka Musoke Innocent Muhanguzi Johnnie Walker Lilian Margaret Russel Malcolm John Warrack Mawji Amin Mohamed Shares Smirnoff stake Uganda Breweries Limited Uganda waragi

About the Author

Paul Murungi

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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