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Mega stake sales put Kenya at top of Africa deals table
While Kenya has long dominated the East African region in volume and value of deals, it has often fallen behind economies from other regions such as South Africa, Egypt, Nigeria and Morocco in ticket sizes.
Mega stake sales in Safaricom and East Africa Breweries Limited (EABL) vaulted Kenya to the top of Africa’s deals table in 2025, beating Egypt, Nigeria and Mauritius in the list of the continent’s most active deals markets.
British multinational Diageo’s $3 billion (Sh388.6 billion) sale of stakes of 65 percent in NSE-listed EABL and 53.68 percent in UDV Kenya to Japanese beverage maker Asahi Holdings, was the biggest deal recorded on the continent last year, as well as the largest ever transacted on the Kenyan capital market.
