Vodacom has successfully acquired the Kenyan government’s 15% stake in Safaricom following a Court of Appeal ruling that lifted conservatory orders blocking the transaction.

• Vodafone Kenya Limited, a Vodacom subsidiary, now holds 55% of Safaricom.
• The Kenyan government’s stake in Safaricom has decreased from 35% to 20%.
• The deal, previously halted by the High Court due to constitutional concerns, is valued at approximately Sh204 billion.

British beverage maker Diageo has appointed John Musunga as its Africa MD, effective July 1, coinciding with plans to sell its majority stake in East African Breweries Plc (EABL).

• Diageo is divesting its 65% stake in EABL, a deal valued at approximately Sh300 billion.
• John Musunga, formerly MD for South, West and Central Africa, will lead Diageo's continent-wide operations from Nairobi.
• Japan's Asahi Group Holdings is reportedly the frontrunner to acquire the EABL stake.

Rock Investment Bank has acquired a 60 percent stake in Nabo Capital, significantly changing its ownership structure after purchasing the stake from Centum Investment Company. This transaction allows Rock Investment Bank to become the majority shareholder.

• Rock Investment Bank now holds 60% of Nabo Capital.
• Key organizations involved are Rock Investment Bank and Centum Investment Company, with Nabo Capital being the acquired entity.
• Centum Investment Company will retain a 40 percent stake, with Nabo Capital now accounted for as an associate rather than a subsidiary.