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 [...]
How DRC Bank, Delayed Compliance, Have Stalled Access Bank's Acquisition of National Bank
In recent years, Access Bank Plc, the biggest lender in Nigeria in terms of assets, has aggressively expanded across the continent. However, a regulatory maze involving its activities in the [...]Central Bank, Treasury Approve National Bank's Acquisition by Access Bank
The Central Bank of Kenya (CBK) and the National Treasury have approved the acquisition of KCB Group's National Bank of Kenya (NBK) by Access Bank PLC. As part of the [...]Japanese Trading Firm Bets on Kenya, Uganda in Pharmaceutical Acquisition Deal
Japan’s Marubeni Corporation is acquiring a minority interest in Phillips Healthcare, a Mauritius-based pharmaceutical firm with extensive operations in Kenya, Uganda, Ethiopia, and Egypt. “The Commission will, in accordance with [...]Danish Firm, Slow, Acquires Kenyan Coffee-Roasting Company to Expand Operations
Denmark-based sustainable coffee company, Slow, has acquired African Coffee Roasters (ACR) —a Kenya-based roastery known for its origin-based coffee processing model as it intends to strengthen its global supply chain [...]KK Security Rebrands to GardaWorld after Acquisition
Global security solutions provider GardaWorld Security has rebranded its Kenyan subsidiary—KK Security Ltd— to GardaWorld Security–Africa. “Our brand evolution reflects the breadth of our service offering. We combine local knowledge [...]Carbacid Takeover Bid for BOC Kenya Collapses
The long-delayed takeover bid for BOC Kenya has officially lapsed, marking the end of an acquisition attempt that had been embroiled in regulatory proceedings and strategic reconsiderations. BOC Kenya, a [...]KCB Group Acquires Majority Stake in Fintech Firm, Riverbank
KCB Group has ramped up its plan to consolidate agent banking channels into one platform with the planned acquisition of Riverbank Solutions, a fintech, for an undisclosed sum. “Across the region, [...]
