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. [...]Mi Vida Homes Partners with HF Group to Provide Holistic Home Ownership
Real estate developer Mi Vida Homes, has signed a strategic partnership with the banking arm of HF Group Kenya in a move that will see potential home buyers experience a holistic [...]
EABL Parent Company Diageo Sells Guinness Ghana to Castel for US $81mn
Diageo PLC, the parent company of East African Breweries, has agreed to sell its 80.4% stake in Guinness Ghana Breweries to Castel Group for US$81 million as part of its [...]Central Bank of Ireland Approves LemFi's Acquisition of Irish Fintech Bureau Buttercrane
LemFi, a London-based startup specialising in international payment services for immigrant communities in the UK, USA, Canada and Europe, has obtained regulatory approval from the Central Bank of Ireland to [...]
Actis to Exit Java House to Two Africa-Focused PE Firms
Kenyan coffee chain Java House is up for sale by London-based Actis to Alterra Capital and Phatisa Group marking its fourth sale in 12 years. Java House, which was founded [...]PE Firms Amethis Metier to Exit Kenafric
Consumer goods conglomerate Kenafric’s US$100 million confectionery stake is up for sale by two private equity firms with the transaction spearheaded by Nedbank Group, Bloomberg reported on Friday. Kenafric has [...]Canadian Entrepreneur Acquires KK Security's Parent Company
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of Doctor No Parent Limited the parent company of KK Security by Canadian entrepreneur Stephan Crétier. “This [...]
