Kenya’s High Court has paused the sale of Diageo’s stake in East African Breweries (EABL) to Japan’s Asahi Group Holdings, freezing the ownership structure until two regulatory processes conclude. Justice Francis Gikonyo ordered that EABL’s ownership and control remain as they stood on June 18, 2026. The order holds until the Capital Markets Tribunal rules on a pending appeal and the Competition Authority of Kenya (CAK) finishes its review of the transaction. The ruling extends a legal dispute Khusoko has followed since Diageo and Asahi announced the deal. Courts have fielded challenges from a distributor, a contractor, and now a…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Two of Africa’s largest banking groups spent time making the same argument from different podiums: East Africa has entered a growth cycle that will define the next two decades, and the banks that move fastest will capture it. Equity Group Holdings Managing Director and CEO Dr James Mwangi laid out his case in a sit-down interview after releasing half year results. Standard Bank Group Chief Executive Sim Tshabalala made a similar pitch during a three-day trip to Kenya. Both conversations point to a region that global capital is starting to notice, and both bankers say the money is not the…
Kakuzi Plc, the Nairobi and London listed agribusiness firm, has broken ground on a 30 acre greenhouse complex in Murang’a County, formally moving blueberries from a trial crop into a third commercial superfood line alongside avocado and macadamia. The company said the development follows successful crop trials and variety selection work, and comes as the blueberry division’s half year numbers turned positive for the first time. Trials Clear The Way For Commercial Rollout Kakuzi Managing Director Chris Flowers said the variety selection stage of the blueberry pilot returned strong enough results to justify the investment, with trials showing steady yields…
Major aviation and tourism stakeholders have issued a joint call to action as labor disputes continue to destabilize airport operations across the country. According to coverage on Khusoko, industrial action involving air traffic control personnel has disrupted flight schedules and left hundreds of travelers stranded at Jomo Kenyatta International Airport (JKIA). In a joint statement, the African Airlines Association (AFRAA), the Kenya Association of Air Operators (KAAO), and the Kenya Tourism Federation (KTF) warned that unmitigated disruptions threaten safety, vital supply chains, and Kenya’s position as a regional flight hub. Drawing attention to the financial toll of past disruptions, KAAO…
The Central Bank of Kenya has approved South Africa’s Nedbank Group to acquire up to 66 percent of NCBA Group’s issued share capital, in a deal valued at Kes 116.3 billion. CBK issued the approval on August 28, 2026, under Section 13(4) of the Banking Act, and confirmed the decision in a statement dated August 31. The regulator said the acquisition takes effect once Nedbank and NCBA complete the transaction in accordance with the terms of their agreement. Following the regulator’s green light, NCBA Group said in a press statement that completion of the transaction is now expected towards the…
Bamburi Cement has reaffirmed its commitment to working more closely with the Kenya Power and Lighting Company (KPLC) to strengthen electricity reliability and back sustainable industrial growth along the Coast. The two companies sealed that commitment at a high level meeting held at Bamburi’s Mombasa Plant. Bamburi’s leadership team, headed by CEO Geoffrey Ndugwa, sat down with KPLC’s team, led by Managing Director and CEO Dr. Eng. Joseph Siror, to map out ways to improve power stability and operational resilience for Kenya’s manufacturing sector. Why Reliable Power Matters To Bamburi Bamburi Cement ranks among Kenya’s largest industrial power consumers, and…