Kenya Wine Agencies Limited

From Wikipedia, the free encyclopedia

Kenya Wine Agencies Limited
TypePrivate company
IndustryManufacturing & Marketing
Founded1969
HeadquartersNairobi, Kenya
Key people
Kuria Muchiru (Chairperson)
Lina Githuka (Managing Director)[1]
ProductsWine & Spirits
Number of employees
235 (2015)
Websitewww.kwal.co.ke

Kenya Wine Agencies Limited (KWAL), is a Kenyan manufacturer, importer and distributor of wine and spirits.[2][3][4]

History[]

The company was founded in 1969 by the Government of Kenya, to consolidate and streamline the importation and distribution of wine and spirits in the country. The agency opened its first wholly owned winery in 1982. Initially, KWAL enjoyed a monopoly, which was broken when the country's economy was liberalized. In the beginning, KWAL was a 100% parastatal, owned through the Industrial and Commercial Development Corporation (ICDC).[5]

In 2012, KWAL and the Distell Group Limited fought each others in a legal feud when Distell started to bypass KWAL to distribute its beverages in Kenya. KWAL was the sole distributor of 80% of Distell beverages in Kenya. At this point, the Kenyan government had already considered selling a fair share of KWAL to Distell, but the process had been delayed.[6]

In 2014, the process of divestiture by the government was kick-started when 26% shareholding was sold to the South African multinational conglomerate Distell Group Limited.[3] Beginning in February 2015, the Government of Kenya began the process of selling 4% ownership to the estimated 235 company employees at the time at a price of KSh34 (US$0.00378) per share. The process is expected to conclude in April or May 2015. ICDC still has a 42.65 stake to dispose of.[4] Since 2017, Distell Group Limited owns a majority share in KWAL, having acquired an additional 26% stake from the Industrial and Commercial Development Corporation (ICDC).[7]

In October 2018, Lina Githuka was appointed new managing director of the company, succeeding to Carlos Gomes.[8] In 2019, KWAL started its own production of Hunters-branded cider.[9] In February 2021, KWAL launched the construction of its new manufacturing facility in Tatu City, its first in 20 years.[10]

Description[]

Activities[]

KWAL is a wine manufacturer, distiller, importer and distributor of alcoholic beverages, headquartered in Nairobi, with a distribution network throughout Kenya's urban centres. The company has an established countrywide branch network and is repositioning itself to grow the market in line with its renewed vision of being the preferred provider of Quality beverages in Eastern Africa and beyond.[7]

KWAL plays a key role in the development of vineyards and wine production in Kenya. It owns the Yatta Vineyards.[11][12]

Ownership[]

The company is owned by KWA Holdings E.A. Limited.

As of February 2015, the shares of stock of the company are as listed in the table below:[4][13]

Kenya Wine Agencies Limited Stock Ownership
Rank Name of Owner Percentage Ownership
1 Distell Group Limited 55.37
2 ICDC 43.77
3 Other 0.86
Total 100.00

In May 2021, the Heineken group offered to acquire the Distell group, which would make the Dutch group the majority shareholder of KWAL.[14]

See also[]

References[]

  1. ^ KWAL, . (2014). "Kenya Wine Agencies Limited :The Board of Directors". Kenya Wine Agencies Limited (KWAL). Retrieved 12 February 2015.CS1 maint: numeric names: authors list (link)
  2. ^ Blomberg, . (2013). "Company Overview of Kenya Wine Agencies Limited". Bloomberg News. Retrieved 12 February 2015.CS1 maint: numeric names: authors list (link)
  3. ^ a b Wahito, Margaret (29 August 2014). "Kenya: KWAL Privatisation Process Concludes". 98.4 Capital FM (Nairobi) via AllAfrica.com. Retrieved 12 February 2015.
  4. ^ a b c Herbling, David (12 February 2015). "Kwal Staff Begin Buying Winery Shares At Sh34". Business Daily Africa (Nairobi). Nation Media Group. Retrieved 12 February 2015.
  5. ^ Gachie, Josphat (2013). "Kenya Wine Agencies Limited – KWAL". Retrieved 12 February 2015.
  6. ^ Distell to market products despite legal tussle with Kwal, Businessdailyafrica.com, 12 September 2012
  7. ^ a b https://www.kwal.co.ke/our-story/
  8. ^ John Mutua, KWAL names new boss as it eyes larger market share, Businessdailyafrica.com, 22 octobre 2018
  9. ^ Brian Ngugi, Kwal starts local production of cider brands, Businessdailyafrica.com, 8 May 2019
  10. ^ Grace Matheka, KWAL kicks off construction of its manufacturing facility at Tatu City, Hapakenya.com, 15 February 2021
  11. ^ Beatrice Gachenge, Kenya: Vineyards Flourishing in Dry Plains, Allafrica.com, 30 January 2008
  12. ^ Kenyan Wines: A Well-Guarded Treasure, Wine-explorers.net, 19 May 2014
  13. ^ Wangalwa, Elayne (2014). "Distell To Acquire Stake In Kenya Wine Agencies". CNBC Africa News. Retrieved 12 February 2015.
  14. ^ Victor Juma, Heineken eyes South African firm with 55pc stake in Kwal, Businessdailyafrica.com, 20 May 2021

External links[]

Retrieved from ""