In this episode recorded on November 04, 2025, we are joined by EABL’s CFO, Risper Ohaga, and Absa Bank’s Director of Capital Markets, Robert Murai, as we unpack EABL’s KES 20B Medium-Term Note, why the brewer is back in the debt market, and what it means for its funding plans and investors.

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Show Notes

00:00:00 Introduction

00:00:54 Working Capital Management

00:02:13 Debt vs Equity in Financing a Business

00:05:11 Financial Performance

00:07:18 Redeeming and Issuing Debt, Investor Participation, and Key Dates

00:21:36 Corporate Bond Market in Kenya

00:25:56 MTN Structure, Secondary Trading, Investor Sentiment, and Market Liquidity

00:29:06 Debt Levels and Balance Sheet Management

00:32:31 Corporate vs. Government Bonds

00:34:31 CapEx and Working Capital

00:38:19 Interest Rates, Tax Implications, Cash Flow and Debt Repayment

00:41:09 Closing Remarks and Final Thoughts

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