Movement restrictions to curb the spread of the COVID-19 coronavirus have cost the region’s largest alcohol company Sh2.2billion in profits. East African Breweries Limited, EABL on Saturday issued a ...

Announcement today of agreement by Diageo to sell to Asahi its 65% shareholding in EABL, and its shareholding in the Kenyan spirits business, UDVK. Disposals consistent with Diageo's strategy of ...

A day earlier, Diageo announced a major asset sale as it works to bring down its debt. The company agreed to sell its stake ...

We anticipate increased activity across the board, more initial public offerings, listings by introduction and deeper ...

When Kenya‘s East African Breweries Limited (EABL) ended the 12-year run of being headed by expatriates, the Diageo-owned alcohol manufacturer wanted someone innovative and who understood the regional ...

The paper wealth of minority investors in East African Breweries Plc (EABL) increased by Sh13.2 billion or 18.94 percent on Thursday, on news that the majority shareholder Diageo Plc was selling its ...

CEO Jane Karuku sees growth in Ugandan and Tanzanian beverage markets as having the potential to outpace Kenya. EABL’s first-half results for the six months to December 2023 showed that a rise in ...

NAIROBI, Kenya, Dec 17 - Japanese brewer Asahi Group has agreed to acquire a majority shareholding in East African Breweries PLC (EABL) from Diageo in a Kenya breaking news | Kenya news today | ...

Diageo has agreed to sell its stake in its Kenyan business to Japan’s Asahi in a deal worth $2.3bn, as the struggling drinks group looks to reduce its debt load through divestments.

NAIROBI (Reuters) - East African Breweries Ltd is buying SABMiller's 20 percent stake in its Kenyan unit as part of a deal to end a partnership that allowed the firms to produce and market each ...