Kenya's Competition Authority (CAK) has approved Japanese brewer Asahi Group Holdings' acquisition of Diageo's controlling stake in East African Breweries (EABL) for approximately Sh388.4 billion.

• The deal transfers control of EABL, which commands roughly 80% of Kenya's alcohol market, from Britain to Japan.
• Key conditions include Asahi setting aside adequate cash for outstanding liabilities and reserving 20% of EABL's refrigeration space for rival products.
• The approval removes a major regulatory hurdle for Diageo's exit from Kenya as part of its strategy to divest from the continent.