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Diageo to Sell EABL Stake to Japan’s Asahi for Sh297bn-Sh300bn
Diageo is reportedly selling its stake in East African Breweries Limited (EABL) to Japan's Asahi Group Holdings. According to reports, the deal is valued between Sh297 billion and an estimated Sh300 billion. This potential divestment represents a significant shift in ownership for one of East Africa's largest brewing companies. This acquisition of EABL by ASAHI is described as a significant event and a milestone for the Nairobi Securities Exchange. The development highlights major activity within Kenya's financial markets.
Kenya Spends Ksh507B on Debt; Allocates Funds for Retirement Amid County Demands
Kenya has spent Ksh507 billion on debt repayment within the last three months. This signals significant financial outflows towards the country's loan obligations. Separately, the Kenyan government has allocated Kshs 1.57 billion for voluntary early retirement packages, a move likely aimed at streamlining the public workforce. In a related financial matter, Kakamega Governor Fernandes Barasa is demanding the immediate disbursement of Ksh 27 billion which he states is owed to county governments by the National Treasury.
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