The proposed sale of East African Breweries Limited to Japan’s Asahi Group Holdings has moved closer to completion after the High Court dismissed an attempt to block the deal.

In a ruling issued on Thursday, the court declined an application by Bia Tosha that sought to halt the transaction involving Diageo and Asahi, effectively clearing the path for the process to continue.

The case had attracted wide interest across Kenya’s business and investment community, with many watching closely to see whether the legal challenge would disrupt or delay the agreement.

Bia Tosha had requested interim orders to suspend the deal, although the specific concerns raised were not outlined in the court’s summary. The judge, however, determined that the application lacked sufficient merit.

“The petitioner’s notice of motion dated 5th January 2026 is hereby dismissed,” ruled High Court judge Bahati Mwamuye, adding that any existing orders that could stand in the way of completing the transaction had been lifted.

The Nairobi Securities Exchange (NSE) has officially launched a new suite of Sustainable Finance Bonds aimed at funding renewable energy and smart city projects.

Leaders from the East African Community (EAC) gathered in Arusha this March 2026 to finalize new trade harmonization policies aimed at removing non-tariff barriers.

Safaricom Ethiopia has reached a major milestone of 15 million active subscribers as of March 2026, marking a rapid expansion in the Horn of Africa.