Global Logistics Advisory Firm CPCS Acquires French Consultancy 1407
CPCS has acquired Mille 1407, a a France-based port and maritime management consultancy, the two companies announced in a statement this week.
Security Concerns Dominate as Government Defends Safaricom Share Sale
National security dominated deliberations in Parliament on Tuesday as the government moved to justify plans to reduce its stake in Safaricom PLC
Afreximbank to Fund Levene Energy's Acquisition of a Minority Stake in Nigeria's Axxela Limited
The US$64mn facility will support Levene Energy's acquisition of a 30% equity stake in Axxela Limited, one of West Africa’s leading gas and power infrastructure companies.Flutterwave Acquires Open Banking Startup Mono
Airtel Africa, SpaceX Partner on Satellite-to-Cell Coverage
Diageo Sells EABL Majority Stake to Japan’s Asahi in KSh 297Bn Deal
Diageo agreed to sell its 65% stake in East African Breweries $EABL and its shareholding in Kenyan spirits firm UDVK to Japan’s Asahi. The deal implies an enterprise value of US$ 4.8Bn (KSh 620.8Bn) for EABL, based on 17x adjusted EBITDA. Diageo expects US$ 2.3Bn (KSh 297.5Bn) net proceeds and will retain brands via long-term licensing agreements.Amsons Outlines Turnaround Plan for East African Portland Cement after Acquiring Majority Control
Amsons intends to triple EAPCC’s production capacity within three years while pursuing fresh investments to anchor the firm’s turnaroundCMA Exempts Bamburi Cement Owner from Mandatory Takeover of East African Portland Cement
CMA has approved Kalahari Cement’s exemption from making a mandatory takeover offer in its KES 1.6B plan to buy NSSF’s 27 percent stake in East African Portland Cement. The regulator classifies the deal as a strategic investment. The approval is subject to CAK and Mining Ministry clearance. Kalahari says it will not delist EAPC and will support its operational turnaround.Kenya's Cold Chain Expansion at Stake as COMESA Scrutinises Cold Solutions US$20mn Deal
Government to Net KSh 244.5Bn from 20% Safaricom Stake Sale
Vodacom is set to take majority control of Safaricom in a KSh 312.6B dual transaction that raises its effective stake to 55%. The Government of Kenya will net KSh 244.5B from selling a 15% stake and transferring future dividend rights on its remaining 20%. The restructuring simplifies Vodafone’s regional structure, strengthens Vodacom’s African footprint and awaits approvals from Kenyan and regional regulators.Rushbox Acquires BuyRentKenya in Strategic Real Estate Expansion
BuyRentKenya has been acquired by African proptech firm Rushbox Ltd. in a deal that signals renewed consolidation in the region’s digital real estate sector.High Court Clears KRA to Collect KSh 384.5M Stamp Duty As NCBA Merger Appeal Proceeds
The High Court has dismissed NCBA Group’s application to suspend enforcement of the April ruling that invalidated the 2019 stamp duty waiver applied to the NIC–CBA merger. Justice E.C. Mwita held that a declaration of unconstitutionality takes effect immediately under Article 2(4) and cannot be paused by the trial court. The judge rejected NCBA’s claim that paying KSh 384.5M now would cause irreparable loss, saying KRA is capable of refunding the money if the bank succeeds at the Court of Appeal. The decision allows KRA to pursue the stamp duty while NCBA’s appeal proceeds, marking another win for petitioner Okiya Omtatah.
