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) — [...]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 [...]
