Company: Tanzania Breweries
Country: Tanzania
Sector: Beverages: Alcoholic
CEO: Michelle Kilpin
Website: https://www.tanzaniabreweries.co.tz
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Dar es Salaam, Tanzania
Founded: 1933
Valuation/Revenue: $1.26bn market value (African Business Top 250, 2025); market cap fell to roughly $970.6m by late 2025 (Shore Africa, citing Dar es Salaam Stock Exchange data, November 2025)
Tanzania Breweries Limited (TBL) is Tanzania’s dominant brewer and spirits producer, making beer, spirits and traditional beverages under brands including Castle Lager, Kilimanjaro, Safari Lager, Eagle and Konyagi. It is majority owned by global brewing giant AB InBev, listed on the Dar es Salaam Stock Exchange, and traces its roots back to 1933, making it one of the oldest continuously operating industrial companies in East Africa.
What Does Tanzania Breweries Do?
TBL brews and distributes lager beer (Castle Lager, Castle Lite, Kilimanjaro Lager, Safari Lager and Eagle), non-alcoholic malt beverages and, through subsidiaries, spirits and traditional beverages. Its 65%-owned subsidiary Tanzania Distilleries Limited produces Konyagi, one of East Africa’s best-known spirits brands, while its 60%-owned Darbrew Limited produces traditional African opaque beer under the Chibuku brand. Across roughly a dozen major brands, TBL holds a dominant share of Tanzania’s formal beer market, supported by a nationwide distribution network and multiple production facilities.
Is Tanzania Breweries Legit?
Yes. TBL is a long-established, publicly listed manufacturer regulated by Tanzanian authorities, and has operated continuously since its founding as Tanganyika Breweries in 1933. It publishes audited financial statements, pays regular corporate taxes (reportedly TSh 472 billion in a recent period), and is one of the most closely watched blue-chip stocks on the Dar es Salaam Stock Exchange.
Who Owns Tanzania Breweries?
TBL is majority owned by AB InBev, the world’s largest brewer, following AB InBev’s 2016 global acquisition of SABMiller, which had itself held majority control of TBL since a joint venture structure was established in 1993. The remainder of TBL’s shares are publicly traded on the Dar es Salaam Stock Exchange, held by Tanzanian institutional and retail investors.
Who Is the CEO of Tanzania Breweries?
Michelle Kilpin was appointed Managing Director of Tanzania Breweries, becoming the first woman to hold the company’s top role in its history, succeeding Jose Moran, who moved into a broader regional position within AB InBev. Kilpin previously spent more than 19 years within the AB InBev group before taking up the TBL post.
How Big Is Tanzania Breweries?
According to African Business magazine’s Top 250 companies in Africa list for 2025, Tanzania Breweries carried a market value of around $1.26 billion. More recent reporting, however, shows the company’s market capitalisation falling below the $1 billion mark for the first time in years, to roughly $970.6 million (about TSh 2.3 trillion) by late 2025, according to Shore Africa’s analysis of Dar es Salaam Stock Exchange data, down from about $1.23 billion at the end of 2024. This decline was attributed to slowing earnings growth, higher finance costs linked to currency translation, and heavy dividend payouts that reduced cash reserves, causing TBL’s share price to fall roughly 22% during 2025 and knocking it out of the top spot for the exchange’s most valuable listed company.
What Has Tanzania Breweries Been in the News For Recently?
Beyond the leadership change to Michelle Kilpin, TBL’s 2025 results drew attention for their mixed picture: revenue continued to grow, including a reported roughly 10% rise in the third quarter of 2025 driven by demand for beer and Konyagi spirits, even as profitability metrics such as earnings per share softened and the stock’s valuation slid. The company’s shift out of the Dar es Salaam Stock Exchange’s top valuation spot, after competitors posted stronger gains, has been a notable storyline in Tanzanian financial media during 2025.
Is Tanzania Breweries Publicly Traded?
Yes. Tanzania Breweries has been listed on the Dar es Salaam Stock Exchange for decades and is consistently one of the exchange’s largest and most actively traded stocks, a bellwether for consumer spending trends in Tanzania.
Links
Website: https://www.tanzaniabreweries.co.tz
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Tanzania Breweries legit? Yes, it is a Dar es Salaam Stock Exchange-listed brewer operating continuously since 1933, majority owned by AB InBev.
Who owns Tanzania Breweries? AB InBev holds majority control, with the remainder publicly traded in Tanzania.
Who is the CEO of Tanzania Breweries? Michelle Kilpin, Managing Director, the company’s first female MD.
How big is Tanzania Breweries? Around $1.26 billion in market value per African Business’s 2025 Top 250 ranking, though later 2025 reporting put its market cap closer to $970 million after a share-price decline.
When was Tanzania Breweries founded? 1933, as Tanganyika Breweries.
Where is Tanzania Breweries headquartered? Dar es Salaam, Tanzania.