Asahi Group Holdings Ltd has secured regulatory approval in Kenya, Tanzania, and Uganda to acquire a majority stake in East African Breweries PLC (EABL) without issuing a mandatory takeover offer to minority shareholders.

• Asahi will indirectly gain control of 65 percent of EABL's issued share capital.
• The key organizations involved are Asahi Group Holdings Ltd, East African Breweries PLC (EABL), and Diageo.
• Regulatory exemptions were granted by the Capital Markets Authority (Kenya), Capital Markets and Securities Authority (Tanzania), and Capital Markets Authority Uganda, though antitrust approvals are still pending.

CPA Roble Said Nuno has been appointed as the new Chief Executive Officer of the Commission on Revenue Allocation (CRA) in Kenya. This appointment follows a competitive recruitment process aimed at enhancing leadership and efficiency in the management of devolved funds.

• CPA Roble Said Nuno is the newly appointed CEO of the CRA.
• The Commission on Revenue Allocation (CRA) is the key organization involved.
• The appointment was announced by CRA Chairperson Mary Wanyonyi Chebukati, highlighting a transparent and merit-based selection process.

The Postal Corporation of Kenya (Posta) is shutting down 125 of its post offices as part of a Sh1 billion cost-cutting initiative to achieve profitability.

• 125 out of 625 post offices are being closed, a reduction of about 20%.
• The Postmaster-General and Posta Chief Executive Officer, John Tanui, stated this is to redirect capital towards e-commerce and courier services.
• The closures will affect all regions in Kenya, with some branches being converted into fulfilment hubs.