EABL Writes to Chief Justice Over Diageo-Asahi Deal Cases | The Kenyan Wallstreet
EABL has written to Chief Justice Martha Koome warning that forum shopping across four court cases threatens to derail the KSh 340Bn Diageo-Asahi transaction.
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East African Breweries
EABL
Data as of Jul 17, 2026
KES 252.25
-20.00 Today
-7.35%
In The News
EABL petitions Chief Justice over rising cases against Asahi deal
The brewer said a series of proceedings filed in different High Court stations had created a risk of conflicting decisions by courts of concurrent jurisdiction over the same deal.
Court rejects bid to use old rows to stop sale of EABL stake
The ruling came weeks after a Nairobi beer distributor, Bia Tosha Distributors Limited, lost twin bids to stop the transaction pending conclusion of a multi-billion beer distributorship row with...
Spanish olive and alcohol producers seek Kenya partners as entry point to Africa
Spanish producers are targeting Kenya’s growing demand for imported foods and drinks, unveiling olives, wines and spirits in a push to tap the hospitality and middle-class market. ...
JILK’s Bid to Block EABL Ownership Change Rejected as Asahi Deal Progresses
East African Breweries PLC (EABL) has welcomed a fresh High Court ruling declining to grant conservatory orders sought by JILK Construction Company Limited and others who were attempting to halt the proposed sale of Diageo’s controlling stake in the company to Japanese conglomerate, Asahi Group Holdings
EABL Leads NSE Turnover as Foreign Investors Buy KSh 457M | The Kenyan Wallstreet
EABL traded KSh 878M on Asahi positioning as foreign investors bought KSh 457M net. All NSE indices eased, with the NASI down 0.75%. T-bills hit cycle highs.
EABL Leads As Foreign Investors Become Very Cautious
The Nairobi Securities Exchange closed the session with a quiet but revealing message: the market is no longer moving as one broad block. It is now being pulled by selective counters
EABL Gains Ground as High Court Declines to Stop Landmark Corporate Transaction
Bia Tosha has suffered another legal setback after the High Court dismissed its latest application seeking to stop the completion of the proposed Diageo–Asahi transaction involving East African Breweries PLC (EABL). In a ruling, the court held that Bia Tosha had already elected to pursue the matter before the Court of Appeal and could not […]
Diageo to exit EABL by December, ushering in Asahi era
The Japanese brewer is expected to introduce brands to East Africa after completing the acquisition.
State to get Sh42bn from Diageo sale of EABL stake
In 2000, Diageo — which was formed in 1997 following the merger of Guinness Plc and Grand Metropolitan — acquired majority control of EABL, cementing its influence over the region’s largest brewer.
No Takeover as East Africa Regulators Approve Asahi-EABL Acquisition
Capital markets regulators in Kenya, Uganda, and Tanzania have approved Asahi Group Holdings’ acquisition of East African Breweries PLC shares from Diageo plc without triggering a mandatory takeover offer.
Asahi Secures East Africa Regulatory Exemptions in US$2.3B EABL Acquisition Deal
Japanese conglomerate Asahi Group Holdings has received regulatory exemption in Kenya, Uganda and Tanzania from making a mandatory takeover offer for regional brewer East African Breweries PLC (EABL) following its planned acquisition for Diageo Kenya Limited
Asahi Wins Takeover Exemption in US$2.3Bn EABL Deal | The Kenyan Wallstreet
Asahi Group has secured mandatory takeover exemptions from Kenya, Tanzania and Uganda regulators in its US$2.3 billion acquisition of Diageo's EABL stake
Expanded Alcohol Tracking to Curb KSh 120bn Tax Losses | The Kenyan Wallstreet
Kenya could extend mandatory excise stamps to all alcoholic beverages including second-generation brews as it moves to plug KSh 120 billion in tax losses
One too many: Why alcohol hits some people hard
Amon and Nkatha’s stories speak to addiction, but also to something else: the body’s shifting relationship with alcohol. ...
Bia Tosha’s Peter Burugu Signals Appeal After Court Clears Ksh300B Diageo–Asahi EABL Deal
A fresh legal battle is looming over the planned sale of Diageo’s stake in East African Breweries Limited (EABL) after beer distributor Bia Tosha Distributors Limited signalled its intention to challenge a High Court ruling that cleared the transaction. Peter Burugu, the owner of Bia Tosha, has filed an application seeking to block the multi-billion […]
Court Lifts Block on EABL Sale, Paving Way for Asahi Takeover
A planned multibillion-shilling takeover of East African Breweries PLC (EABL) has been given the green light after the High Court threw out a case that had temporarily stopped the deal. In a ruling, the court lifted all earlier orders that had blocked the transaction, effectively allowing the process to move forward after months of hurdles. […]
Justin Mollel is the new EABL Chief Finance Officer
Justin Mollel, a Tanzanian National, is the incoming Group Chief Finance Officer at East African Breweries Limited(EABL), with effect from 1 May 2026, replacing incumbent Risper Ohaga, who moves to Apollo Insurance as the new Chief Executive Officer(CEO). Justin is a seasoned and experienced financial and business executive with over 15 years’ experience working in […]
EABL Names Justin Mollel as New Chief Financial Officer | The Kenyan Wallstreet
EABL appoints Diageo Ireland Finance Director Justin Mollel as Group CFO from July 2026, replacing Risper Ohaga who helped structure the $2.3bn Asahi deal.
Court Declines To Stop Diageo From Selling Its EABL Stake
The High Court has declined to stop Diageo from proceeding with the sale of its stake in East African Breweries PLC (EABL) to Asahi. This follows an application by Bia Tosha seeking to restrain Diageo from disposing of its Ksh303.6 billion shareholding in EABL to the Japanese beverage giant. The interim conservatory order issued on […]
Court rejects bid to freeze Diageo sale of EABL stake
EABL and Diageo advocates opposed the extension, saying there was “no legal or factual basis” to keep interim freeze orders in place.
Safaricom, EABL corporate bonds fail to spark secondary debt trading
The sluggish corporate bond market contrasts sharply with a historical record in Treasury bonds turnover, which topped Sh2.7 trillion in 2025 from Sh1.54 trillion the previous year ...
EABL Posts 37% Surge in Half-Year Profit, Declares Record Interim Dividend
EABL’s Board of Directors has recommended an interim dividend of KES 4
EABL lays the ground for a sustainability-linked bond
In October 2025, EABL Plc raised Sh16.76 billion through its latest corporate bond, registering a subscription rate of 154.0 percent for the five-year note that is priced at 11.8 p ...
EABL Declares Dividend After 38% Growth in Profit After Tax
East African Breweries Plc (EABL) has announced its unaudited financial results for the six months ended 31st December 2025, delivering one of its strongest half-year performances in recent years.
EABL H1 Profits up 38%, Lifts Dividend 166% on Higher Cash | The Kenyan Wallstreet
East African Breweries reports a 38% rise in interim profit as revenue hit a record 75.5 Bn, cash strengthened, debt fell, and the interim dividend jumped 167%.
Govt Steps Up Multi-Agency Crackdown on Illicit Drugs and Alcohol in Mombasa
The Government has reaffirmed its commitment to fighting the production, distribution and consumption of illicit drugs and alcohol, advancing nationwide efforts to protect communities and safeguard young people, particularly in Mombasa County. In a statement on Tuesday, January 20, 2026, Principal Secretary for the State Department for Interior and National Administration, Raymond Omollo, said the […]
EABL PLC Announces Departure of Chief Financial Officer after More than 6 years of Service
The Board of Directors of East African Breweries PLC (EABL) has formally announced the resignation of Ms
EABL CFO Risper Ohaga to Leave After 6 Years of Leadership
After six years at the helm of East African Breweries Limited’s finance team, Risper Genga Ohaga has confirmed she will leave the company on June 30, 2026, to explore new career opportunities. Ohaga joined EABL in February 2020, taking charge of both the Chief Financial Officer and Executive Director roles. Her tenure coincided with one […]
EABL CFO Risper Ohaga to Exit in June 2026 After 6Yr Tenure | The Kenyan Wallstreet
East African Breweries has announced the planned exit of CFO and executive director Risper Ohaga, effective June 30, 2026, ending a six-year tenure
EABL chief finance officer Ohaga to exit after six years
Ms Ohaga joined EABL in February 2020 from Absa Group, then known as Barclays, where she had worked for more than a decade in senior finance and audit roles across Africa. ...
EABL CFO Risper Ohaga to step down in June
East African Breweries Limited(EABL) Chief Finance Officer, Risper Ohaga, will step down from her role at the end of June after six years in the role, the brewer announced today.
Minority EABL investors lose Sh12bn paper gain
When the Diageo deal was disclosed on December 17, 2025, EABL was trading at Sh252 per share, before rallying by 18.94 percent to Sh299.75 per share on December 18, the first day of full trading...
High Court Postpones Case Seeking to Block Diageo’s EABL Deal
A legal dispute in Kenya has delayed the planned sale of East African Breweries Limited (EABL) by global drinks giant Diageo Plc to Japan’s Asahi Group Holdings. The High Court has moved the hearing to January 20, 2026, giving the parties more time to prepare and allowing preliminary steps, such as regulatory filings, to continue. […]
Diageo’s Sale of EABL on Watch as Distributor Moves to Court
The High Court challenge by a former EABL distributor of the sale of shares by Diageo to Asahi group carries significant strategic weight
Distributor in court to halt Diageo sale of EABL stake
Kenya’s beer market stirs as a local distributor seeks to block Diageo’s $2.3bn EABL stake sale to Asahi amid ongoing court battles.
Diageo to Offload Entire Shareholding in EABL to Asahi Alongside 53.68% Stake in UDVK
On 17th December 2025, Diageo Plc announced an agreement to dispose its entire interest (65
CMA query EABL over Diageo exit, bond timing
The deal comes in a period when Diageo has exited three African markets in quick succession.
EABL minority owners see Sh13bn gain in share price rally
Investors bought 457,069 shares worth Sh137 million at higher prices, taking cue from the record price to be paid to Diageo which amounts to a payout of Sh303.5 billion for the 514 ...
Japanese brewing giant Asahi to acquire majority stake in EABL for $2.3 billion
Japanese brewing giant Asahi Group Holdings has agreed to acquire Diageo PLC’s majority stake in East African Breweries PLC (EABL)
NSE Halts EABL Trading After Release of Market-Sensitive Information
The Nairobi Securities Exchange Plc (NSE) on Wednesday temporarily halted trading in shares of East African Breweries PLC (EABL) for the remainder of the trading day, citing the release of market-sensitive information that could significantly influence investor decisions. In a statement, the NSE said the suspension followed a cautionary announcement by EABL during active trading […]
Diageo Sells EABL Control to Asahi in KSh 618.7Bn Deal | The Kenyan Wallstreet
Diageo agreed to sell its 65% stake in EABL to Japan’s Asahi, valuing the brewer at KSh 618.7Bn, with completion expected in 2026.
How Diageo bought and sold EABL stake for Sh47bn profit
Asahi will buy the stake for $646 million (Sh83.29 billion), taking Diageo’s pay from the deal to Sh386.8 billion.
Diageo to sell EABL stake to Japan’s Asahi for Sh297bn
Asahi will take full control of Diageo Kenya Limited, the investment vehicle through which the British firm holds the EABL stake.
Corporate Bonds Market Ignites on EABL, Safaricom Notes
Corporate Bonds are now the new attraction as investors seek these debt instruments with renewed interest and stronger appetite. The bull run that has been on in the Equities market also seems to be taking a breather, as foreign investors shift to the US markets in anticipation of a rally and another rate cut by […]
The Unshakeable Foundation of Wealth: Why Mastering the Basics Matters More Than How Much You Earn
At the heart of financial transformation lies budgeting — the discipline of telling your money where to go instead of wondering where it disappeared
EABL Lists KES 16.7 Billion Bond on the Stock Market | The Kenyan Wallstreet
East African Breweries (EABL) has officially listed the first tranche of its Medium-Term Note (MTN) Programme on the Nairobi Securities Exchange (NSE).
EABL Raises KES 16.7B as MTN Tranche 1 is Oversubscribed by 52%, Signaling Investor Confidence
Regional brewer East African Breweries Plc (EABL) recorded a successful bond issuance in the first tranche of its Medium Term Note (MTN) program
EABL raises Sh16.7bn in corporate bond sale
The bond refinancing will help ease pressure on the brewer’s short term liquidity and reduce its financing expenses.
EABL Raises KSh 16.76 Billion After Strong Investor Demand | The Kenyan Wallstreet
EABL raised KSh 16.76Bn in its first MTN tranche after attracting 152% demand. CMA approved the full green shoe and investors locked in an 11.80% coupon.
EABL Hits 6Yr High, BAT at 2Yr Peak, Turnover Tops 1B Midday | The Kenyan Wallstreet
BAT reached KSh 452 and EABL hit KSh 250 in Tuesday trading as turnover passed KSh 1B. Safaricom led activity with strong foreign participation.
EABL royalties to parent Diageo hit record Sh2.2bn
payments made to companies related to EABL climbed from Sh2.08 billion in the year ended June 2024 and Sh1.77 billion in the prior year.
EABL Opens KSh 11 Billion 5-Year Corporate Bond at 11.80% | The Kenyan Wallstreet
East African Breweries PLC has opened a KSh 11 billion five-year bond under its KSh 20 billion MTN Programme, offering a fixed 11.80% rate.
KRA forgoes Sh17bn excise tax on vehicle assembly, military alcohol
The spending on excise duty rose 37 percent to Sh16.9 billion in the year to December 2024 from Sh12.3 billion a year earlier, according to the latest Tax Expenditure Report published by the...
UK Warns Citizens Over Too Much Poisonous Alcohol In Kenya
The United Kingdom has added Kenya to its list of countries where travelers should be careful when consuming alcoholic drinks due to growing
EABL to Redeem KSh 11 Billion Note a Year Early, Ending Record 2021 Issue | The Kenyan Wallstreet
EABL will redeem its KSh 11Bn 12.25% bond on 29 October 2025, ending Kenya’s most oversubscribed corporate note one year ahead of maturity.
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