Competition Authority of Kenya (CAK) has approved the proposed acquisition of a 65 per cent stake in East African Breweries Plc (EABL) by Japan’s Asahi Group Holdings. The approval brings Asahi closer to taking control of one of East Africa’s leading beverage companies after Diageo Plc agreed to sell its controlling interest in the brewer.
Regulators have welcomed the sale of part of the Government’s stake in Safaricom, saying that the price was competitive and the transaction is unlikely to negatively affect the market. The Capital Markets Authority (CMA), Competition Authority (CAK), and the Communication Authority told MPs scrutinising the deal the divestiture was a good idea and would yield
The Competition Authority of Kenya (CAK) has unveiled a fresh round of career openings targeting young professionals and graduates interested in gaining practical experience in regulatory and consumer protection work. The Authority was established in accordance with the Competition Act, CAP 504, with the intention of promoting fair competition and safeguarding consumers from misleading market
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