Diageo Sells EABL Majority Stake to Japan’s Asahi in KSh 297Bn Deal
Diageo agreed to sell its 65% stake in East African Breweries $EABL and its shareholding in Kenyan spirits firm UDVK to Japan’s Asahi. The deal implies an enterprise value of US$ 4.8Bn (KSh 620.8Bn) for EABL, based on 17x adjusted EBITDA. Diageo expects US$ 2.3Bn (KSh 297.5Bn) net proceeds and will retain brands via long-term licensing agreements.
Kenya Airways CEO Allan Kilavuka Exits a Month After Profit Warning
Kenya Airways said Group Managing Director and CEO Allan Kilavuka has exited and proceeded on terminal leave, about a month after the airline issued a profit warning. The board appointed Chief Operating Officer Captain George Kamal as acting CEO from 16 December 2025 and said a competitive search for a substantive chief will begin. The airline said its turnaround plan remains in place, including efforts to secure a strategic investor and stabilise earnings after a volatile recovery.UK Watchdog Probes Ernst & Young Over Shell Audit Rules Violation
The UK’s accounting watchdog has opened an investigation into Ernst & Young’s audit of Shell plc after the firm acknowledged breaches of audit partner rotation rules
ALP Industrial REIT Launches USD 30m Capital Raise Backed by Tilisi and Tatu City Assets
ALP Industrial Real Estate Investment Trust has opened a restricted offer to raise up to US$ 30 million (KSh 3.88 billion) from investors, marking one of the largest industrial property listingsKCB, Equity Drives Monday Heavy Trading, Foreigners Still Net Buyers
The NSE opened the week firmer as foreign investors turned net buyers and turnover rose to KSh 1.34Bn. Uchumi fell 9.43% for a third straight session, cutting YTD gains to 747% after a record rally. KCB and Equity led activity, while the NASI gained 0.78%.NSE Logs Third Weekly Decline as Foreign Inflows Return After 8 Weeks
The NSE posted its first foreign inflow in eight weeks, with net buys of KSh 346.6M, even as the NASI fell 1.07% for a third consecutive week, the first such streak since November 2024. Trading activity strengthened, with turnover rising 29.29% to KSh 4.16Bn as banks led volumes.Uchumi Drops After Record Run as Turnover Hits KSh 989Million
Uchumi fell 9.73% to 1.67, ending a steep multi-week rally that lifted the counter 988% YTD. Turnover reached KSh 989M, driven by Equity and Safaricom, while foreign buys rose to 565M. The NASI gained 0.68%. Safaricom’s green MTN tranche drew KSh 41.4Bn, a 175.7% oversubscription.Safaricom Green Bond Oversubscribed at KSh 41.4Bn
Safaricom’s first green MTN tranche attracted KSh 41.4Bn in bids against a KSh 15Bn target, a 275.7% oversubscription. The company will take up the full KSh 5Bn greenshoe, lifting the tranche to KSh 20Bn and refunding KSh 21.4Bn. The five-year tax-exempt note, priced at 10.4%, will fund energy-efficient network upgrades and lists on the NSE on 16 December.Airtel Money Breaks 10% Market Share as M-Pesa Slips Below 90% for the First Time
Airtel Money reached 10.3% in the September 2025 quarter, entering double-digit market share for the first time. M-Pesa fell to 89.7%, its first drop below 90% in the available records. The shift comes as Kenya’s mobile-money ecosystem expands sharply, with 47.7 million active wallets and 91% penetration by June 2025. Long-term data shows rising transaction volumes and wider agent networks supporting this change.Uchumi's Share Price Crosses 1000% YTD, Kakuzi Nears New Record Highs
Uchumi crossed the 1000% YTD mark and hit a day high of 1.93 as Kakuzi reached a new 52-week high at 440. Stanbic drew heavy block trades at 189, pointing to foreign exits. Turnover hit KSh 960.8M, with foreign buys at 49.17M and sells at 190.8M as the NASI fell 1.56%.NSE Opens the Week Lower as Uchumi Hits 935% Year-to-Date
Uchumi hit KSh 1.76 at midday, extending its streak and lifting YTD gains to 935%. Turnover reached KSh 575M, led by KCB and Safaricom. Foreign sells of KSh 210M outpaced buys of KSh 170M. The NASI fell 0.85% with mixed moves across large caps.NSE Overhauls Futures Margins and Introduces Sector Index Future Ahead of 2026
NSE will introduce a Banking Sector Index future on 19 December 2025 and reset margins across major contracts. The new product offers a single hedge for bank-sector exposure and settles in cash. Margin changes vary across expiries, while NBSI margins start at KSh 100 and rise to 125. Existing positions will adjust to the new levels.
