Capital markets regulators in Kenya, Uganda, and Tanzania have approved Asahi Group Holdings’ acquisition of East African Breweries PLC (EABL) shares from Diageo plc. The approval removes the need for a mandatory takeover offer. The announcement came from Asahi’s legal and financial advisers. These include A & O Shearman, ENS, Nomura and Absa. The firms
East African Breweries PLC (EABL) has announced leadership changes, including the appointment of a new Chief Financial Officer. In a notice dated Thursday, March 12, 2026, the Board of Directors announced the appointment of Justin Mollel as the Group Chief Financial Officer Designate. Mollel will assume the role of CFO Designate on May 1, 2026,
A multi-billion shilling dispute between Kenya Breweries Limited (KBL) and Jilk Construction Company has moved to the High Court, with both sides battling over corruption allegations, a disputed Ksh 2.4 billion claim, and a fight over legal representation. At the Centre of the dispute is “Project Nafasi,” a Ksh 15 billion brewery project in Kisumu