THERE IS tension at Luzira based Nile Breweries Limited with massive changes taking place.
Xclusive UG understands that over ten top managers are on tenterhooks and in fear with their jobs on the line. According to a reliable source, some have already been shown the exit and more are to follow.
In March this year the GlobalCEO of SABMiller, the parent company of Nile Breweries was in Uganda on official visit and according to insiders, he left unimpressed with the way Nile Breweries bosses were running the company.
For years NBL has enjoyed over 65% market share but lately the brewery sales hit an all-time low. It is believed chief among the issues affecting the brewery was laxity by management to push sales and general operations.
In a recent audit report, it was found out that company funds had been misused.
Details to follow…