Kenya's Competition Authority has approved Diageo's sale of its 65 per cent stake in East African Breweries Plc (EABL) to Japan's Asahi Holdings.

• The deal is valued at $2.3 billion (approximately Sh297.39 billion).
• Key organizations involved are Diageo, Asahi Holdings, and East African Breweries Plc (EABL).
• The regulator directed EABL to reserve sufficient funds for outstanding liabilities and to allocate 20 per cent of its cooler space in retail outlets to competitors' drinks.