agencies limited type private company industry manufacturing & marketing founded 1969 headquarters nairobi kenya key people charity s. kisotu chairperson felix kariuki 1 managing director products wine & spirits number of employees 235 2015 website homepage kenya wine agencies limited kwal is a kenyan manufacturer importer and distributor of wine and spirits . 2 3 4 contents 1 overview 2 history 3 ownership 4 corporate structure 5 recent developments 6 see also 7 references 8 external links overview edit kwal is a wine manufacturer distiller importer and distributor of alcoholic beverages headquartered in nairobi with a distribution network throughout kenya s urban centres distribution outlets in uganda and a subsidiary in rwanda . 5 as of february 2015 update the company maintains five distribution centres in kenya including nairobi mombasa nakuru kisumu and nyeri . it also operates a distribution centre in kampala uganda and a wholly owned subsidiary in kigali rwanda . 3 history edit the company was founded in 1969 by the government of kenya to consolidate and streamline the importation and distribution of wine and spirits in the country . the agency opened its first wholly owned winey in 1982 . initially kwal enjoyed a monopoly which was broken when the country s economy was liberalized . in the beginning kwal was a 100 % parastatal owned through the industrial and commercial development corporation icdc . 5 in 2014 the process of divestiture by the government was kick started when 26 % shareholding was sold to the south african multinational conglomerate distell group limited . 3 the nairobi based publicly listed equity investment firm centum investment company limited owns a 26.43 % stake in kwal . 4 ownership edit as of february 2015 update the shares of stock of the company are as listed in the table below 4 6 kenya wine agencies limited stock ownership rank name of owner percentage ownership 1 icdc 42.56 2 centum investment company limited 26.44 3 distell group limited 26.00 4 kwal employee stock ownership plan 4.00 5 kwal distributors 1.00 total 100.00 corporate structure edit the company is owned by kwa holdings east africa limited also known as kwal holdings . kwal holdings owns a 6.25 % stake in the stock of publicly traded uchumi supermarkets a 100 % stake in kwal and a 100 % stake in yatta vineyards limited . 5 recent developments edit beginning in february 2015 the government of kenya began the process of selling 4 % ownership to the estimated 235 company employees at the time at a price of ksh34 us 0.00378 per share . the process is expected to conclude in april or may 2015 . icdc still has a 42.65 stake to dispose of . 4 see also edit eac centum icdc kenya economy uchumi references edit kwal . 2014 . kenya wine agencies limited the board of directors . kenya wine agencies limited kwal . retrieved 12 february 2015 . blomberg . 2013 . company overview of kenya wine agencies limited . bloomberg news . retrieved 12 february 2015 . a b c wahito margaret 29 august 2014 . kenya kwal privatisation process concludes . 98.4 capital fm nairobi via allafrica.com . retrieved 12 february 2015 . a b c d herbling david 12 february 2015 . kwal staff begin buying winery shares at sh34 . business daily africa nairobi . nation media group . retrieved 12 february 2015 . a b c gachie josphat 2013 . kenya wine agencies limited kwal . softkenya.com . retrieved 12 february 2015 . wangalwa elayne 2014 . distell to acquire stake in kenya wine agencies . cnbc africa news . retrieved 12 february 2015 . external links edit official website retrieved from https en.wikipedia.org w index.php title kenya wine agencies limited & oldid 731730169 categories winemakersdistilleriesfood and drink companies of kenyacompanies based in nairobifood and drink companies established in 19691969 establishments in kenyahidden categories use dmy dates from may 2013articles containing potentially dated statements from february 2015all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 27 july 2016 at 04 47 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view