CMA Grants Takeover Exemption to Tanzanian Tycoon in Portland Cement Deal
CMA approved an exemption allowing Tanzanian tycoon Ebrahim Munif’s Kalahari Cement to acquire Holcim’s 29.2% stake in East African Portland Cement without a takeover offer.
Madagascan Telecom Giant Acquires Zuku's Parent Company
AXIAN Telecom’s subsidiary Yas has completed the purchase of 99.63% of Wananchi Group, a major East African broadband and enterprise connectivity provider.
KCB Expands Payment Infrastructure Footprint with Pesapal Minority Stake
KCB Group PLC has agreed to acquire a minority stake in Pesapal, a fintech company runs payment processing for online and point‑of‑sale transactionsAfrican Banking Giants Zero In on Kenya as Capital Rules Spark Acquisition Rush
Quick Mart Owners Expand Into Insurance With Minet Mauritius Deal
Bima Holdings Ltd, an investment vehicle backed by Mauritius private-equity firm Adenia Partners, has secured regulatory clearance from the Competition Authority of Kenya (CAK) to acquire 100% of Minet (Mauritius) [...]Mi Vida Management Buys Out Actis Stake
Mi Vida Homes has announced a management-led buyout from Actis, the global sustainable infrastructure investor. “This is the first such transaction involving a residential development platform in our market,” said [...]COMESA Probes Wasoko–MaxAB Merger
The regional competition watchdog for Eastern and Southern Africa has opened an inquiry into the merger between Kenya’s Wasoko and Egypt’s MaxAB B.V., a deal that created one of Africa’s [...]GenAfrica-Backed Batian Fund Cleared to Buy Riverside Towers in Nairobi
The Competition Authority of Kenya has approved GenAfrica-backed Batian Property Fund’s full acquisition of Riverside Towers Limited, the company that owns and manages The Cube commercial property in Westlands, Nairobi. [...]Insurance Regulator Clears Sanlam’s KSh 820.6 Mn Business Transfer to Jubilee Allianz
The Insurance Regulatory Authority (IRA) has approved the transfer of Sanlam General Insurance Limited’s entire general insurance business, valued at KSh 820.6 million, to Jubilee Allianz General Insurance (K) Limited. [...]Wafa Assurance's US$317mn Acquisition of Egypt's Delta Puts Kenya’s Insurers on Alert
The planned takeover of Egypt’s Delta Insurance by Morocco’s Wafa Assurance has drawn scrutiny from the COMESA Competition Commission, as it raises questions not only about competition in North Africa [...]DTB Kenya to Exit Burundi with Sale of 83.67% Stake
Diamond Trust Bank Kenya has announced plans to sell its entire 83.67% shareholding in DTB Burundi to a consortium of primarily Burundian investors, including the bank’s existing minority shareholder. “The [...]SanlamAllianz Gains 100% Control of Jubilee Allianz Companies
Jubilee Holdings has completed the sale of its remaining stakes in Jubilee Allianz subsidiaries to SanlamAllianz Africa, fully exiting the general insurance market. For real time market updates and analysis, [...]
