DATE LISTED: 9th Sept, 1998
IPO PRICE (TZS): 550
TBL is a Tanzania based company principally engaged in the production, distribution and sale of malt beer, non-alcoholic malt beverages and alcoholic fruit beverages. It operates four breweries in Dar es Salaam, Arusha, Mwanza and Mbeya and has over eight depots throughout the country. The Company also produces malt at its malting plant in Moshi.
TBL was founded on 1933 as Tanganyika breweries but it later changed its name to Tanzania breweries limited in 1964 following the unification of Tanganyika and Zanzibar. In September 9th 1999 TBL listed 294,928,463 shares in the DSE following a successful IPO at TZS 550 per share.
The Company operates through two divisions: Beer, and Wines and Spirits. The beer segment comprises clear beer and opaque beer. The Company and its subsidiaries own various liquor brands, such as Safari Lager, Kilimanjaro Premium Lager, Ndovu Special Malt and Konyagi. The Company also produces and distributes Castle Lager, Castle Milk Stout, Castle Lite, Peroni and Redds Premium Cold.