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 [...]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 [...]
