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, [...]RUBiS Takes Over National Oil in State-Backed Restructuring
In a move aimed to rescue the struggling state-owned National Oil Corporation of Kenya (NOC), the government has handed over more than 99 fuel stations to French energy firm RUBiS [...]
Mobius Motors Acquired by Middle-Eastern Firm Silver Box
Silver Box, a Middle East-based investment and technology firm, has acquired Mobius Motors Kenya for an undisclosed sum, marking a significant shift for the ailing local automotive manufacturer. Preserving and [...]Kenya Dominates East Africa’s Private Capital Deals in January
East Africa's private capital markets began 2025 with 13 transactions with a total value of US$38.7 million in disclosed deals, according to the IM Burbidge's East Africa Financial Review for [...]Bamburi Cement Shares Suspended after Amsons Takeover
Trading of Bamburi Cement shares at the Nairobi Securities Exchange (NSE) has been suspended, 55 years after the cement manufacturer was listed on the bourse. “The trading of Bamburi shares [...]Toyota's CFAO Targets Full Control of GoodLife Pharmacy in Kenya Expansion
Toyota Tsusho affiliate CFAO Healthcare has set plans to buy Africa Chemist Beauty Care Inc. (ACBC), the parent company of GoodLife Pharmacy, from LeapFrog Investments in motion. Leapfrog Investments, [...]Kenya, South Africa Led Continent in Private Capital Investments in 2024
South Africa and Kenya remained leading destinations for private capital flows in Africa, recording 84 and 83 transactions respectively in 2024, the Africa Capital in 2025 Report by Stears reveals. [...]
