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Tag: mergers and acquisitions

KCB to acquire DRC lender Trust Merchant Bank

KCB Bank has entered into a definitive agreement with shareholders of TMB to acquire a majority stake in the Democratic Republic of...

Allianz completes acquisition of majority stake in Jubilee Insurance

Insurance company Allianz has become the majority shareholder in Jubilee General Insurance Limited in Kenya. This follows the...

President Kenyatta unveils Equity BCDC

Kenya’s President, His Excellency Hon Uhuru Kenyatta yesterday unveiled the new brand of Equity BCDC, a subsidiary of Kenya’s Equity Group Holdings...

KCB, Atlas Mara ink deal for Rwanda, Tanzania banking businesses

KCB Group and Atlas Mara have signed a definitive agreement that will see East Africa’s biggest bank by assets increase its footprint...

Qatar Airways seeking to acquire 49 percent stake in RwandaAir

In an effort to address the rising demand for flights in Africa, Qatar Airways has made a bid to acquire a 49 percent stake...

Acquisition of four African banks by Equity to cost Ksh. 12...

Equity Bank’s plans to acquire four lenders in Rwanda, Zambia Mozambique and Tanzania from London listed firm Atlas Mara Limited has been...

We do not owe Safaricom Ksh. 906 million debt: Telkom Kenya...

Telkom Kenya has downplayed allegations that it owes rival telco Safaricom Ksh. 906.6 million debt ahead of its planned merger with Airtel.

Billionaire acquires 6.6 million shares in NIC

Billionaire investor Baloobhai Patel has acquired a one percent stake, valued at Ksh. 185 million, in lender NIC Group, the bank’s July...

Quick Mart, Tumaini Supermarket to form single business unit

Local supermarkets Quick Mart and Tumaini are set to merge their operations into one entity in an effort to grow their customer...

Safaricom asks CA to ensure Airtel, Telkom clears debt before merger

Safaricom has written to the Communication Authority of Kenya (CA) seeking the body’s intervention to ensure that rival network service providers Telkom...
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