EABL half-year profit drops to Sh8.7b as struggling Kenyans drink less

EABL Group Managing Director Jane Karuku speaking during celebrations to mark 100yrs at the Nairobi National Park. [Wilberforce Okwiri,Standard}

Inflation may finally be hitting a Kenyan staple that has long been considered to be immune to recession - beer.

This has emerged as East African Breweries Ltd (EABL) revealed Thursday its net profit dropped by 0.39 per cent in the six months to December on the back of higher taxes and input costs, and as price-sensitive consumers shunned the frothy drink.