CEOs alarmed by high poverty index among key consumers

Behind the confidence that East African Breweries Plc (EABL) will not face challenges in raising Sh20 billion through the corporate bond it has floated, Group Chief Executive Jane Karuku harbours concern about how the market is performing.

Even the positive aspects of it, evident by the performance of the Nairobi Securities Exchange (NSE), stable inflation figures and dropping interest rate, she says, do not tell the actual picture of why the market is the way it is – an ugly hourglass – where those at the top are doing well, while those at the bottom are struggling.

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`;
} else {
teaserEl.innerHTML = “”;
}

activeEl.innerHTML = “”;
paywallEl.style.display = “block”;

} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;

var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds

Subscribe Now & Save

`;
} else {
teaserEl.innerHTML = “”;
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
}
}

function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}

updateFlashSale();
setInterval(updateFlashSale, 1000);

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Behind the confidence that East African Breweries Plc (EABL) will not face challenges in raising Sh20 billion through the corporate bond it has floated, Group Chief Executive Jane Karuku harbours concern about how the market is performing.

Follow The Standard
channel
on WhatsApp