Asahi Moves Closer to EABL Acquisition With Takeover Exemptions from East African Regulators
Asahi Group Holdings has secured mandatory takeover exemptions from capital markets regulators in Kenya, Tanzania and Uganda, clearing a key procedural hurdle in its US$2.3 billion EABL acquisition. Antitrust approvals and a Court of Appeal case filed by distributor Bia Tosha remain outstanding.
Ruto Pushes for New African Financial Order as Summit Unveils Billions in Deals
Africa currently holds more than US$ 4 trillion in long-term domestic savings, including over US$ 1 trillion in pension and insurance assets and more than US $500 billion in central bank reserves.
Why Your Next Big Deal Isn’t Happening in a Boardroom but in Kigali This May
For the Kenyan executive, leaving Kigali with a signed agreement requires more than a pitch, it requires a project that is investment-ready and aligned with the new continental mandate of shared regional growth.Macron, Ruto Sign Investment Deals Ahead of Summit
France is recalibrating its Africa strategy after being pushed out of the Sahel since 2022, shifting from military-backed influence in West Africa to investment-led partnerships.Cloud9 Acquires Digital Ticketing Platform M-Tickets
By embedding financial services within ticketing services, Cloud9 and Mtickets said they "aim to remove friction from the entire event journey."
Nedbank's KSh 105 per Share Offer for NCBA Opens 28 May
Nedbank's partial tender offer for approximately 66% of NCBA Group PLC opens 28 May 2026 and closes 10 July 2026 at 5:00 PM EAT. Shareholders may tender at KSh 105 per share. NCBA's Board has recommended the offer. Results are expected by 21 July 2026.Equity Group Eyes Angola, Zambia, Mozambique Acquisitions in Southern Africa Push
Equity Group Holdings is pursuing bank acquisitions in Angola, Zambia, and Mozambique, CEO James Mwangi told Reuters. The move follows record FY2025 profit of KSh75.50 billion and is anchored to the Lobito Corridor trade route. Equity targets 15 African countries by 2030, up from seven todayTullow Challenges KSh 23bn Tax Claim on Kenya Exit
Tullow Oil PLC has formally objected to a KSh 23 billion (US$170million) tax assessment by the Kenya Revenue Authority (KRA), setting up what could be a protracted dispute over the company’s exit from Kenya.Treasury Taps Capital Market Experts to Ink New PPP Deals
According to a tender notice, the government seeks to create a pool of elite experts to design financial instruments, such as infrastructure bonds and asset-backed securitiesNation Media Group Posts Third Straight Loss as Ownership Change Looms
Nation Media Group posted a net loss of KSh 308.6 million for the full year ended 31 December 2025, its third straight annual loss, as turnover fell 3.1% to KSh 6.04 billion. Revenue has nearly halved from a KSh 13.37 billion peak in FY2013, tracking a 66% collapse in Kenya's print circulation market over the same period. Digital revenue and broadcasting each grew 5%, with the user base expanding to 64.7 million.Turkish Aviation Firm Exits Tanzania to Focus on Kenya's Cargo Hub
Çelebi will reinforce its position in Kenya following its acquisition of Transglobal Cargo Centre Ltd, a ground handling and cargo operator at Jomo Kenyatta International Airport (JKIA).Dubai's Soren Investment Acquires Gulf African Bank
Soren (UAE) and Auron (Kenya) acquire 57.72% of Gulf African Bank, buying out Al Salam Bank, Istithmar World, and IFC. Soren, with stakes in Sudan and Tanzania, is now the dominant shareholder.
