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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Let’s start off with why Absa Group is involved in this B20 summit. When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion. We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…
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After a year in legal limbo, Uganda’s Competition Act has finally come to life. The Competition Regulations, 2025, are now in force, setting the stage for active enforcement of antitrust…
In a notable leadership shift within Kenya’s financial services sector, KCB Group Chief Executive Officer Paul Russo has been elected Chairperson of the Kenya Bankers Association (KBA), the umbrella body…
In a region hungry for industrial transformation, one man is quietly forging a revolution. Sanjay Awasthi, the reclusive billionaire behind Tembo Steels, has built Uganda’s most advanced and environmentally conscious steel empire. With innovation, vertical integration, and a soft-spoken resolve, he’s proving that you don’t need noise to build a nation—just vision, steel, and heart. A quiet revolution is underway in the heart of Iganga District in eastern Uganda. At the centre of it stands a man who rarely seeks the spotlight but whose influence has reshaped an entire sector. Sanjay Awasthi, the Chairman and Founder of Tembo Steels Uganda…
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The persistent hum of the concrete city jungle gradually fades into a distant memory as the boat glides effortlessly through the serene waters of Lake Victoria. A refreshing breeze carries with it the faint whispers of seasoned rocks and untold wonders, creating an enchanting atmosphere that perfectly sets the stage for Dolwe Island. This hidden gem, cradled in the heart of Namayingo District and nestled between the waters of Kenya and Tanzania, beckons with its lush greenery and tranquil beauty, promising adventures waiting to unfold. The Resort Here, away from the relentless pace of the mainland, lies La Fang Eco…
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The European Patent Office (EPO) has selected two Ugandans as part of the top 10 global innovators for the first standalone edition of the Young Inventors Prize 2025. Sandra Namboozo and Samuel Muyita, who created Karpolax, a biodegradable sachet that extends the shelf life of fresh produce by slowing down fruit ripening, reducing food waste and supporting smallholder farmers, are among the top 10 innovators – known as Tomorrow Shapers are under 30 – were selected from over 450 candidates by an independent jury, with their work showcasing the transformative power of technology in addressing global challenges. The two, who…
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Airtel Africa has struck a deal with SpaceX to bring Starlink’s high-speed satellite internet to its 14-country footprint with the agreement set to initially focus on nine countries. Currently, SpaceX has acquired requisite licenses in 9 out of 14 countries within Airtel Africa’s footprint including; Nigeria, Chad, Kenya, Zambia, Malawi, Rwanda, Niger, Madagascar, and the Democratic Republic of Congo. Operating licenses for Uganda and the other 4 countries are under process. The collaboration leverages Starlink’s constellation of Low Earth Orbit satellites and Airtel’s entrenched customer network of over 163 million subscribers. Starlink, licensed to operate in the nine rollout countries,…
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The Democratic Republic of Congo (DRC) has become the fifth East African member state to officially authorise Starlink to operate as an internet service provider in the country, marking a significant step toward expanding internet access nationwide. DRC joins the ranks of Kenya, Rwanda, South Sudan and Burundi where Starlink is currently operating as a satellite internet service. In a press release issued by the Regulatory Authority of Posts and Telecommunications of Congo (ARPTC), the government confirmed that it had granted a telecommunications license to Starlink DRC S.A., a Congolese-registered entity of the global satellite internet provider. The decision follows…
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Uganda, Kenya and Nigeria are among the few African countries that will not face the consequences of a proposed travel ban by U.S President Donald Trump, which if implemented, will affect 43 countries across the globe. A leaked memo from the White House published by the Reuters news agency shows, the Trump administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban. However, it is not clear if Uganda is likely to be spared after a U.S official told Reuters that, “there could be changes on the list and that…
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