East African Breweries Plc (EABL) has announced the resignation of its Chief Financial Officer and Executive Director, Risper Ohaga, marking a significant leadership transition at the regional brewing giant at a time of major ownership change. In a public notice, the EABL board said Ms Ohaga will step down from her roles effective 30 June 2026 to pursue interests outside the group, bringing to a close a tenure that began in February 2020. The board credited Ms Ohaga with steering the company through a period of economic disruption and recovery, including the Covid-19 pandemic, while strengthening financial controls, governance and…
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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 of a 65% controlling stake in East African Breweries Plc (EABL) from Diageo Plc, a transaction that ranks among the largest consumer-sector deals ever executed in East Africa. The advisory line-up brings together regional execution strength and global deal expertise. Absa Bank Kenya PLC is acting as financial adviser alongside Nomura, the Japan-headquartered investment bank, while ENS Africa and A&O Shearman, the London-headquartered global law firm, are providing legal counsel….
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Global spirits giant Diageo has agreed to sell its majority stake in East African Breweries Limited (EABL) to Japan’s Asahi Group Holdings, marking a significant shift in the ownership of East Africa’s largest beer producer. Under the deal, Diageo will sell its 65% shareholding in EABL, along with its interests in the Kenyan spirits business, United Distillers and Vintners Kenya (UDVK), to Asahi. The transaction is expected to generate net proceeds of approximately $2.3 billion for Diageo after tax and transaction costs, valuing EABL at an implied enterprise value of $4.8 billion. Diageo said the disposal aligns with its strategy…
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Three years after taking over the reins at Nile Breweries Limited (NBL), Adu Rando, the Brazilian Managing Director of the AB InBev subsidiary, has been promoted to Global Director, BEES…
The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has imposed a fine of USD 750,000 on global alcoholic beverages manufacturer Diageo Plc, the majority shareholder in East African Breweries Limited (EABL), for engaging in anti-competitive business practices across Uganda, Eswatini and Zambia. The ruling, contained in a 13-page decision issued on September 21, 2025, concluded that Diageo’s actions violated regional competition laws by restricting trade and distorting market dynamics within the COMESA region. The Commission’s decision follows a multi-year investigation into the company’s distribution and production agreements with local partners, which were found to contain clauses that…
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Diageo has announced the appointment of Christopher Wangai Gitau as General Manager, Greece, effective 1 October 2025. In this role, he will report to Olena Neznal, Managing Director for Eastern…
East African Breweries PLC (EABL) has reported a solid full-year performance for the year ended June 30, 2025, posting a 12% jump in profit after tax to Kshs 12.2 billion, despite tough market conditions. The group’s net revenue rose by 4% to Kshs 128.8 billion, driven by a 2% growth in volumes across both beer and spirits portfolios. In light of the performance, the Board recommended a final dividend of Kshs 5.50 per share, bringing the total dividend for the year to Kshs 8.00—up 14.3% from the previous year. The dividend will be paid on or around October 28, 2025,…
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Uganda Breweries Limited (UBL)—a subsidiary of East African Breweries Limited (EABL), itself owned by Diageo plc, the global leader in beverage alcohol with an outstanding portfolio of spirits and beer brands—has appointed Felicite Nson, a Cameroonian acclaimed business leader, as its next Managing Director, exclusive sources can reveal. The leadership change at UBL comes at a transformative moment not only for Uganda’s beer and spirits market but also for Diageo’s operations in Africa. It follows a broader strategic reshuffle at EABL that will see the outgoing UBL MD, Andrew Kilonzo, take over the reins at Kenya Breweries Limited (KBL), East…
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East African Breweries Limited (EABL) is set to make significant leadership changes at two of its key subsidiaries, with Andrew Kilonzo, the current Managing Director of Uganda Breweries Limited (UBL), tipped to take over as the new Managing Director of Kenya Breweries Limited (KBL), replacing Mark Ocitti, reliable sources have revealed. The transition is expected to take effect at the end of the third quarter of 2025. Kilonzo, a seasoned FMCG executive with over 25 years of experience spanning retail energy, beverages, and entertainment, is an EABL veteran. He took over at Uganda Breweries in April 2022, having previously served…
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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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