What Does Old Mutual’s Business Transfer Mean For Everyone Involved?
Old Mutual Life Assurance Company Ltd (OMLAC) is seeking regulatory approval to transfer its long-term assurance business to Old Mutual Life Assurance Kenya Ltd (OMLAK), in a move that signals [...]
CMA Exempts Sanlam Kenya from Mandatory Takeover Offer
The Capital Markets Authority (CMA) has granted Hubris Holdings Limited and Sanlam Allianz Africa Proprietary Limited (SAZ) an exemption from issuing a mandatory takeover offer following their combined shareholding in [...]
Jumia’s Falling Fortunes Attract Buyout Interest from Axian Telecom
E-commerce giant, Jumia Technologies, is attracting takeover interest from Mauritius-based Axian Telecom, as the firm battles a sharp decline in revenue, narrowing liquidity, and intensifying competition across Africa’s fast-paced digital [...]Paytech MAs are Redefining Africa's Payments and Banking Landscape
Africa’s payment sector is undergoing a profound transformation, with Paytech mergers and acquisitions (MAs) reshaping how value is exchanged, how digital economies grow, and who controls the rails of financial [...]
LemFi Acquires Fintech Pillar, to Launch Credit Cards for Immigrants
LemFi, an international payment services startup based in London, has acquired Pillar, a UK-based fintech focused on credit access for immigrants, in a strategic move that will transform financial services [...]
COMESA Probes Mawingu Networks' Acquisition by SA Fund
The Comesa Competition Commission has opened an investigation into the proposed acquisition of a controlling stake in Mawingu Networks by a South Africa-based fund, Pembani Remgro Infrastructure Fund II (“PRIF II”). [...]Kenyan Startup Solar Panda Acquires Zambian Solar Firm In Expansion Move
Solar Panda, a Kenyan provider of solar energy solutions for off-grid communities, has acquired Vitalite Zambia Limited, marking its entry into Southern Africa and its third active market on the [...]Nigerian Fintech Moniepoint Gets Green Light to Acquire Kenyan Microfinance Bank
The Competition Authority of Kenya (CAK) has cleared a proposed acquisition by U.S.-based fintech Moniepoint Inc., which plans to take a controlling 78% stake in Sumac Microfinance Bank Limited, marking [...]Access Bank Completes Acquisition of National Bank of Kenya from KCB
Access Bank Plc has completed its acquisition of National Bank of Kenya (NBK) from KCB Group Plc. With the acquisition of 100% of NBK, its second after acquiring and rebranding [...]Safaricom is Eyeing Mergers Acquisitions in Next Growth Phase, CEO Peter Ndegwa Says
Safaricom PLC has unveiled a new five-year strategy focused on transforming into Africa’s leading purpose-led technology company, with a strong emphasis on innovation, enterprise solutions, and strategic acquisitions. In an [...]
Dangote-Backed Travel Firm Acquires Kenya's Oldest Tour Company
Africa Travel Investments, a tourism investment firm backed by Africa’s richest man — Aliko Dangote — has acquired Kenya's oldest tour company Pollman’s Tours and Safaris. “With regard to the [...]Del Monte to Acquire Waste Management Firm Mananasi Fibre
Pineapple processor Del Monte Kenya Limited has received unconditional approval from the Competition Authority of Kenya (CAK) to purchase all of Mananasi Fibre Limited (MFL). Kenya has the potential to [...]
