JILK Construction seeks court order to secure US$23M from Diageo ahead of planned EABL stake sale

KENYA – JILK Construction Company Ltd has moved to Kenya’s High Court seeking urgent orders to secure Kes 3 billion (US$23 million) from multinational brewer Diageo Plc and its Kenyan subsidiaries, citing concerns that a planned share sale could undermine the enforcement of a pending arbitral award and related claims. The Nairobi-based construction firm has filed a Notice of Motion against Diageo Plc, Kenya Breweries Ltd (KBL), East African Breweries Ltd (EABL), and the Competition Authority of Kenya (CAK). According to a report by tv47, JILK is asking the court to compel Diageo, KBL, and EABL to reserve and deposit Kes 3 billion in court pending the hearing and determination of the case. JILK is also urging the court to fast-track the proceedings and deliver judgment by April 30, 2026, ahead of anticipated regulatory approvals for the proposed sale of Diageo’s stake in EABL to Japan’s Asahi Group Holdings, which are expected between May and June 2026. Through its lawyer, Kibe ...