Hassanein Hiridjee’s AXIAN Group completes stake acquisition in Ivorian insurance startup
The acquisition, finalized in mid-July 2024, positions AXIAN as WiASSUR’s second-largest shareholder and grants the conglomerate a governance role.
East Africa
Kenyan tycoon Edward Kirathe’s Acorn to delist $44.2-million green bond from NSE
Acorn’s portfolio under Edward Kirathe includes 17,000 beds in 17 student housing properties, with an additional 6,000 beds under development.
Kenyan exec Peter Ndegwa's Safaricom partners with Mastercard to accelerate cross-border remittance
The collaboration is set to accelerate the growth of digital payments, reinforcing Safaricom’s leadership in financial innovation across the region.
Indian billionaire Gautam Adani's energy firm pushes on with transmission deal in Kenya
This clarification comes after a presidential adviser previously suggested that deals worth up to $1.3 billion had been finalized.
Bamburi Cement, linked to Kenyan tycoon Baloobhai Patel, receives new $193.7-million offer
Savannah Clinker has proposed purchasing all 362.9 million shares of Bamburi at Ksh70 ($0.54) per share.
Zimbabwean billionaire Strive Masiyiwa boosts capacity for cross-border services in East Africa
This underscores Liquid’s commitment to enhancing East Africa's digital infrastructure as competition in the region intensifies.
Kenyan court halts India’s second-richest man Gautam Adani’s airport lease deal
The Law Society of Kenya (LSK) and the Kenya Human Rights Commission (KHRC) filed a joint application urging the court to block the agreement.
NCBA, backed by Kenya’s richest families, invests $5 million in cybersecurity
NCBA Bank invests Ksh644 million ($5 million) in cybersecurity, enhancing firewalls amid rising cyber threats in Kenya.
Antoine Delaporte’s Adenia sells African payment firm to SPE Capital
Adenia Partners has sold its entire stake in OMOA Group to SPE Capital, marking the completion of its €96-million ($106 million) Adenia Capital III fund.
Daniel Yu's Wasoko merges with MaxAB to form Africa’s largest informal retail platform
This all-stock deal creates the continent’s largest digital platform for the informal retail market, marking a turning point in the sector's consolidation and cross-border expansion.
Edward Kirathe’s Acorn secures plot for first hostel outside Nairobi
Acorn Holdings, led by Kenyan real estate magnate Edward Kirathe, expands student housing with new land acquisition in Eldoret.
Equity Group, led by star Kenyan banker James Mwangi, to raise salaries for female employees
Equity Group, led by Kenyan banker James Mwangi to increase salaries for female employees to narrow the gender pay gap and promote pay equity.
Gautam Adani launches airport unit in Kenya
The Kenya entry supports India's second-richest man, Gautam Adani's goal of modernizing airport infrastructure in the region.
