Mergers & Acquisitions

CompaniesMergers & Acquisitions

Nakumatt in partnership talks with rival Tuskys – reports

Nakumatt, the troubled Kenyan supermarket chain, is in talks with Tuskys, another Kenyan retailer, to allow Nakumatt restock its supermarkets and return to stability
CompaniesMergers & Acquisitions

Sadolin rebrands as Plascon after Kansai Paint acquisition

Kansai Paint acquired Sadolin's operations in Uganda and other East African countries through its South African subsidiary, Kansai Plascon Africa Ltd
MarketsMergers & Acquisitions

Dfcu has a new majority shareholder after South Africa-based Arise takes stake

Arise B.V., an investment company based in Cape Town, has acquired a majority stake in dfcu Limited, the holding company of dfcu Bank.
Energy, Oil & GasMergers & Acquisitions

Total completes acquisition of Gapco

Total S.A. has completed the acquisition of Gulf Africa Petroleum Corporation (Gapco) from India's Reliance Industries Limited following regulatory approvals.
Total fuel station in Kampala
CompaniesMergers & Acquisitions

Sanlam to increase presence in East Africa with PineBridge acquisition

The Sanlam Group is set to acquire a majority stake in PineBridge Investments East Africa, increasing its asset management business in East Africa.
CompaniesMergers & Acquisitions

Kansai Paint agrees acquisition of Sadolin’s East Africa operations

Kansai Plascon Africa Limited, a subsidiary of the Osaka-based Kansai Paint Co, has reached a binding agreement for the full acquisition of Sadolin Paints' operations in Uganda, Kenya, Tanzania, Zanzibar, and Burundi, according to a company statement.
CompaniesMergers & Acquisitions

Japan’s Kansai Paint to acquire Sadolin for $87.5 million

Kansai Paint, a Japanese coating company, is looking at acquiring Uganda's Sadolin Paints for $87.5 million in a bid to expand its African footprint.
CompaniesMergers & Acquisitions

Nakumatt to sell 25% stake for $75 million to reduce debt burden

Kenyan supermarket chain, Nakumatt Holdings, will sell a 25% stake to a foreign fund for $75 million, its managing director said on Wednesday.
A shopping mall in Kampala
Mergers & Acquisitions

Opportunity Bank acquired by international fintech company

Opportunity Bank Uganda has been acquired by the MyBucks Group, a Luxembourg-based financial technology (fintech) company that has operations in ten other African countries. MyBucks announced the acquisition in a statement.
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