The Mergers, Acquisitions, and Deals That Shaped 2024
The Kenyan Wall Street takes you down memory lane on some of the key mergers, acquisition, and deals that shaped 2024. As curtain falls on 2024, this year will go [...]
Amsons Group Acquires Bamburi Cement in Successful Buyout Deal
Shareholders of Bamburi Cement agreed to transfer 350.4 million shares to Tanzania’s conglomerate Amson’s Group in a buyout deal that might lead to the potential delisting of the cement manufacturer. [...]Manufacturer Kenafric Gets Nod to Acquire Stationery Competitor
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of Economic Industries Ltd. by stationery manufacturer, Kenafric Manufacturing. “Entry and exit barriers in the market for stationery in [...]Bamburi Cement-Amsons Group Deal Kicks Off with KSh 8.9 Bn Stake
Tanzania’s Amsons Group has kicked off the KSh 23.6 billion Bamburi Cement buyout deal, acquiring the first batch of the listed cement manufacturer's shares at KSh 8.91 billion in a [...]Savannah Clinker Withdraws Bamburi Cement Takeover Bid
Savannah Clinker Limited has withdrawn its competing offer to acquire listed cement manufacturer Bamburi Cement Plc, the Capital Markets Authority (CMA) announced on December 4, 2024. To facilitate reconciliation, the [...]
Bamburi Cement Owner Holcim Sells Nigerian Unit for US $1bn
Holcim AG, a Swiss building materials company and the majority shareholder in Bamburi Cement, has signed an agreement to sell its entire Nigerian business to Chinese firm Huaxin Cement for [...]KenGen signs KSh 250mn Geothermal Deal with Eswatini
Listed energy firm KenGen will conduct geoscientific studies in three regions of Eswatini to determine the feasibility of developing a geothermal power plant in the country, after signing a KSh [...]Kenya's Mawingu Acquires Arusha-based Internet Service Provider Habari for KSh. 1.9bn
Mawingu Networks, a Kenyan Internet Service Provider (ISP) has acquired Habari, an Arusha-based ISP, for KSh 1.9bn. “This acquisition, along with an additional $15 million of financing, will enable Mawingu [...]KeNIC Partners with Zoho to Increase Uptake of .ke Domain
KeNIC has partnered with Indian multinational tech company Zoho to drive the uptake of second level domain name .ke in Kenya. Through our partnership with Zoho, we provide access to [...]Makini Group of Schools' Owner ADvTECH Acquires Ethiopian School for $7.5mn
Makini School’s owner ADvTECH has concluded a $7.5 million agreement to acquire 100% interest in Ethiopia’s Flipper International School. “As Addis Ababa experiences rapid urbanization, the demand for high-quality education [...]Airtel Money Partners with Naivas to Expand Network
Airtel Money has entered into a partnership with Naivas, which would enable its customers to deposit and withdraw cash in all the 109 branches of the retailer. “This partnership underscores [...]Adani Claims Kenya Cancellations Have no Material Impact on Conglomerate
In a letter to the National Stock Exchange of India and the Bombay Stock Exchange (BSE), Adani Enterprises Limited stated that the cancellation of its project proposals in Kenya had [...]
