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Diageo has agreed to sell its 100% shareholding in Diageo Kenya Limited, which holds 65.00% of the shares in EABL to Asahi.

BasiGo, the provider of electric bus solutions in sub-Saharan Africa, has closed $42 million in new capital.

According to all three founders, the success of the firm is attributed to the focussed approach by this talented team to deliver integrated solutions solving real problems faced by brands and businesses with a brave attitude that inspires audacity in work and clients.

Africa-focused electric mobility startup Ampersand, has raised a further $2 million in equity, bringing the funding total raised in the last 12 months to $21.5 million, demonstrating continued investor appetite for the company's approach to electrifying Africa's millions of motorcycles.

Uganda has emerged as the happiest country in East African region followed by Kenya, Tanzania and Rwanda.