Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition…
When veteran journalist Andrew Mwenda posted a video of weary passengers stranded at Entebbe International Airport, his words cut deeper than the images themselves. “The tragedy happening at Uganda Airlines…
Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15…
They say actions speak louder than words, and with Paloma Lengema at the helm, BIC’s impact is clear, sharp, bold, and lasting like the iconic Cristal pen. Rising through BIC’s…
When Dr. Layi Fatona took the stage at the Stanbic Bank East Africa Economic Summit in Kampala, there was a certain stillness in the room — the kind that precedes...
East Africa Breweries Limited Group Managing Director and Chief Executive Officer Jane Karuka has been appointed to the Board of the Kenya Private Sector Alliance (KEPSA). Taking to the LinkedIn…
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Hitesh Tanna is Managing Director of CTV Tanzania, with over 30 years of industry experience. “I founded CTV in 1992, aiming to revolutionize communication in Tanzania. My journey involves pioneering…
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Dinesh Balsingh is a telecom Professional with 22 years of experience in Telecoms Industry. Presently, working as Chief Executive Officer in Airtel Tanzania. Serve as Board Member on Airtel Tanzania…
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Adam Senkoro is General Manager Cellulant Tanzania, a position he has held since February 2022. He is the General Manager for the Tanzania/Uganda Cluster since 2023. Before that, he Senir…
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Herman Kasekende was appointed Chief Executive Officer (CEO) and Managing Director (MD) of Standard Chartered Bank Tanzania in June 2022. Prior to this appointment, Herman served as CEO of Standard…
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In an extraordinary act of shareholder resolve, a majority of the minority investors in Uganda Breweries Limited (UBL) stood their ground against a high-stakes buyout offer from East African Breweries Limited (EABL), rejecting what was marketed as a generous cash-out opportunity. Now, through extensive research and access to regulatory filings, CEO East Africa Magazine can reveal the names behind the two sides of this gripping corporate showdown – those who sold, and those who refused. The high-stakes offer In September 2024, EABL – already holding a 98.19% stake in UBL – launched a final push to acquire the remaining 1.81%…
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