Indonesian Investor Pulls Out of Suswa Geothermal Project
Indonesia’s state-linked energy company, Pertamina, through its geothermal subsidiary PGEO, has withdrawn from the planned development of the Suswa geothermal field,
Nedbank Moves Closer to NCBA Acquisition after CMA Nod
Nedbank’s proposed acquisition of NCBA has advanced after Kenya’s Capital Markets Authority granted an exemption from the mandatory takeover rule, allowing a partial pro-rata offer capped at about 66 percent. Shareholder backing has strengthened, with irrevocable undertakings rising to 77.54 percent of NCBA shares, reducing execution risk as the deal awaits remaining regulatory approvals.
Coca-Cola HBC to Acquire Africa's Largest Coca-Cola Bottler at US$ 3.4bn Valuation
Coca-Cola will sell 41.52% out of its 66.52% stake in CCBA to Coca-Cola HBC, and Coca-Cola HBC is acquiring 33.48% of CCBA that is held by GFIConduit Partners With Onafriq to Expand Stablecoin-Powered Payments in Africa
Conduit, a cross-border payments platform leveraging stablecoins, has partnered with Onafriq, Africa’s largest digital payments network, to enhance instant cross-border payments and treasury managementLC Waikiki to Pay KSh 15.5 Mn After Court Finds Binding Deal by Conduct
Justice Njoki Mwangi ruled that a binding commercial relationship arose between the two companies through their conduct, meetings and implementation planning even though a formal logistics agreement was never signed.Rebranding Plans Tanked Stanbic-NCBA Merger, Insiders Say
Standard Bank subsidiary Stanbic Bank's insistence on rebranding NCBA may have been the final nail on the coffin in the long-running merger negotiations,
From Collapse to Control: The Evolution of Bank Mergers & Acquisitions in Kenya
Kenya’s banking sector has consolidated repeatedly over the past four decades through a mix of failure, regulation, and strategic takeovers. From the 1989 state-led rescue that created Consolidated Bank to the regional expansion wave of the 2010s and foreign-led acquisitions in the mid-2020s, mergers and acquisitions have been the system’s primary correction mechanism. What began as crisis containment evolved into scale-driven growth and, more recently, a contest over ownership and control, with foreign capital increasingly shaping governance and strategy across the sector.Regulator Approves KCB’s US$15mn Acquisition of Riverbank
The Competition Authority of Kenya (CAK) has approved KCB Group’s acquisition of a 75% stake in Riverbank Solutions, a payments technology company.Nigerian Banking Group Zenith Bank Inches Closer to Acquiring Paramount Bank
Zenith Bank has secured Competition Authority of Kenya approval to acquire 100% of Paramount Bank, removing the competition hurdle to its entry into Kenya. CAK found the deal would not alter market concentration, noting Paramount’s small market share and Zenith’s lack of prior Kenyan operations. The approval is subject to staff retention conditions, with Central Bank of Kenya clearance now the final step.German Firm Acquires Kenyan Tycoon's Logistics Company for KSh 5.2bn
South Africa's Nedbank Moves to Acquire Majority Stake in NCBA
Nedbank has moved to acquire a 66% controlling stake in NCBA through a partial tender offer, securing binding commitments covering 71.2% of the bank’s shares. The deal values NCBA at about 1.4x book value and combines 80% Nedbank shares with 20% cash, while keeping 34% of NCBA listed on the Nairobi Securities Exchange. The transaction is subject to regulatory approvals and is expected to close within six to nine months.I&M Group Lifts Stake In Tanzania Unit To 95.5% As Minority Shareholders Exit
I&M Group PLC has raised its ownership in I&M Bank (T) Limited to 95.5% after acquiring shares previously held by PROPARCO and Microfinance East Africa Ltd. The stake increase from 84.9% follows receipt of all corporate and regulatory approvals and consolidates the group’s control of its Tanzanian unit, according to a board notice dated January 13, 2026.
