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, [...]Kalahari Cement Cleared to Acquire Holcim's 29% Stake in EA Portland
The Capital Markets Authority (CMA) has approved the proposed sale of Holcim Limited's 29.2% stake in East African Portland Cement (EAPC) Plc to Kalahari Cement Limited, a newly incorporated Kenyan [...]COMESA to Probe Proposed Acquisition of Two Planes Leased by Kenya Airways
The COMESA Competition Commission has opened an inquiry into the proposed acquisition of two planes currently leased in Kenya, in a deal involving global lessor Azorra Aviation Holdings, LLC and [...]National Oil’s KSh 11.6Bn Insolvency Laid Bare In Audit
Regis Runda Joins Makini Schools After KSh1.23 Bn ADvTECH Buyout
Kalahari Cement Strikes KSh 717M Deal to Acquire 28.2% Stake in Portland Cement
Kalahari Cement Limited has signed binding agreements to acquire a 28.2% stake in Kenya's second largest cement manufacturer, East African Portland Cement Plc (EAPC), from two shareholders: Associated International Cement [...]South Africa Approves Multichoice's US$1.9bn Buyout by France's Canal+
The Competition Tribunal of South Africa has conditionally approved the acquisition of MultiChoice Group Limited by French media conglomerate Groupe Canal+ SAS, with a strong emphasis on job security and [...]Tullow Oil Seals Kenya Exit in KSh 15.5Bn Deal with Gulf Energy
Tullow Oil PLC has signed an agreement with Gulf Energy Ltd, inching closer to its exit from Kenya’s upstream oil sector, to sell its entire stake for a minimum cash [...]After Going Bust, Lipa Later Now Mulls Buyout Proposals
Ailing fintech firm Lipa Later Limited, is drawing renewed investor interest as competing proposals emerge to salvage and restructure the company’s operations and assets. Meanwhile, Advance Global Capital (AGC) — [...]
