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 [...]Liberty Kenya Shareholders Set for Dual Dividend Boost After Tanzania Exit
Liberty Kenya Holdings Plc has announced plans to issue a special dividend of KSh 0.60 per share, tied to the proceeds of the sale of its 60% stake in Heritage [...]Businessman Jaswant Rai Secures 30-Year Lease for Nzoia Sugar Factory
Kenyan tycoon Jaswant Rai, a dominant figure in the country's sugar industry, has won a 30-year lease to operate the struggling state-owned Nzoia Sugar Factory. Despite the optimism, the Nzoia [...]GardaWorld’s Country Director Charts New Course For Kenya Operations After Rebrand
Nearly a decade after first buying into KK Security, Canadian multinational security solutions provider GardaWorld recently rebranded its Kenya operations, marking the end of a long transition period and the [...]BK Group, Rwanda Social Security Board, Set to Merge Insurance Companies
BK Group Plc is set to merge its insurance subsidiary, BK General Insurance, with the Rwanda Social Security Board's (RSSB) subsidiaries Sonarwa General and Sonarwa Life to form a new [...]Sicuro Group Acquires Kenyan Risk Management Firm John Andrews
Global risk management consultancy Sicuro Group has acquired Kenyan risk management firm John Andrews Risk Management (JARM), and renamed it Sicuro Group East Africa. This acquisition represents a significant milestone [...]
