In 2024, the company made KES 1.3 billion in profit after tax up from KES 0.2 billion in 2023. This strong performance is attributed to a combination of strong performances in the asset management business, underwriting profits from insurance businesses and returns from investments. Old Mutual also managed to cut its finance costs in half - from KES 2.4 billion in 2023 to KES 1.2 billion in 2024.
Eric’s influence extends beyond his role at EABL. He serves as a board member of Uganda Breweries (UBL) and the Tourism Regulatory Authority (TRA), where his insights and expertise contribute to the strategic direction of these organizations.
ESG is about much more than having the right policies on paper. It is about action. It is about businesses showing that they are not just ticking boxes but are committed to genuine impact.
In 2019, Gachora spearheaded the transformative merger between NIC Bank and Commercial Bank of Africa (CBA), forming Kenya’s third-largest bank by assets, NCBA.
Bata actively serves as a catalyst for sustainable development in the African continent by embracing eco-friendly practices, advocating responsible resource management, and adhering to relevant legislations.
BAT’s commitment to Building A Better Tomorrow is supported by its Environment, Social, and Governance (ESG) priorities. The company aims to excel in environmental management, create a positive social impact, and maintain robust corporate governance throughout its operations.
In a nutshell EABL, stands as a sustainability trailblazer in East Africa. Through innovative practices and community engagement, it champions ESG principles for a brighter future.
Good corporate governance, when executed with precision, acts as the linchpin for ensuring business sustainability.
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