Acquisition Archives – CEO East Africa

COMESA CLEARS Finance Trust Bank acquisition and merger with Nigeria’s Access Bank

by Paul MurungiIndustry & Analysis The Big StoryMay 19, 2024May 19, 2024

Dr. Mahmoud Momtaz, the Chairperson of The Common Market for Southern and Eastern Africa (COMESA) Competition has cleared the merger and acquisition of Uganda’s Finance Trust Bank with Nigeria’s Access Bank, a decision that is slated to impact market dynamics in East Africa’s banking industry. Access Bank will acquire up to 80.89% of the issued shares, which is a subscription…

Ugandan Startup, Asaak, Expands to Latin America Through the Acquisition of Mexican Startup, FlexClub.

by Jonathan Ntege LubwamaStartups The Big StoryAugust 31, 2023August 31, 2023

Asaak, a trailblazing fintech firm from Uganda, has reached a significant milestone with its acquisition of FlexClub Mexico, extending its operations across two continents. Details of the transaction were not…