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Brace for higher beer, spirits prices, warns EABL boss

East African Breweries Ltd (EABL) Chief Executive Jane Karuku [File]

The price of beer and spirits is set to go up if the National Treasury effects proposals to raise the excise tax on alcoholic products.

East African Breweries Ltd (EABL) Chief Executive Jane Karuku (pictured) termed the tax changes contained in the current Finance Bill “disastrous,” saying they would reduce consumption, fuel the growth of illicit liquor and also deny the Exchequer more revenue.  

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