President Ruto Cancels All Adani Deals
President William Ruto on Thursday ordered the Ministry of Transport and Energy to cancel all the contracts awarded to the Indian conglomerate Adani Group, bringing to a temporary halt the [...]
Afreximbank Signs US$ 127mn Energy Deals, Budgets US$ 300k to Lobby Trump on AGOA
The African Export-Import Bank (Afreximbank) has signed multiple energy related deals worth US$127mn during the ongoing Africa Energy Week in Cape Town, African Energy Chamber said in a statement on [...]
Regulator Approves Ramco's Bid to Solely Own Kenyan Subsidiary after Amethis' Exit
The Competition Authority of Kenya (CAK) has approved the acquisition of investment holding company Ramco Plexus by its parent company Ramco Inc. “As per the parties’ submissions, this transaction will [...]Savannah Clinker Hikes Bamburi Cement Acquisition Offer by 9.4%
A circular from listed cement maker, Bamburi Cement PLC, to its shareholders reveals that Savannah Clinker's proposed price for takeover has risen from KSh 70 per share to KSh 76.55. [...]Ecobank Sierra Leone and British Govt's Investment Firm Sign $25mn Deal to Boost Private Sector
The British International Investment (BII), the UK's development finance institution has signed a $25mn risk sharing deal with Ecobank's unit in Sierra Leone. This further strengthens our intent to be [...]Centum Lays Groundwork for Francophone Africa
Centum Investment Company PLC (Ticker: CTUM) has signed a deal with HR firm ITM Holdings, that allows for ITM toexpand into Kenya’s rapidly growing Business Process Outsourcing (BPO) sector, while [...]CAK Raises Concerns in Access Bank's Acquisition of KCB Group's NBK, as COMESA Approves Deal
The Competition Authority of Kenya (CAK) has raised concerns about employment in the ongoing regulatory review of the acquisition of KCB Group's National Bank of Kenya (NBK) by Nigerian lender [...]Kenyan Fintech Kopo Kopo Appoints New CEO As Acquisition Looms
Kopo Kopo, a fintech that provides short-term loans, has appointed Dennis Ondeng as its new CEO, and made three other senior leadership changes amidst acquisition plans by Nigerian fintech giant [...]
