French media giant Canal+ has decided to shut down Showmax, the streaming platform developed by MultiChoice, after years of mounting losses that underscored the difficulty of building a profitable subscription…
South Africa’s Nedbank Group has unveiled plans to acquire approximately 66% of the issued ordinary share capital of Kenya’s NCBA Group. The move is set to hand the Johannesburg-listed lender…
Old Mutual Insurance Uganda, Uganda’s No.1 general insurer, has announced that its Managing Director and Chief Executive Officer, Stephen Chikovore, will step down from his role effective 31 January 2026….
Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition…
Netflix Inc. has announced a landmark agreement to acquire Warner Bros. from Warner Bros. Discovery (WBD) in a cash-and-stock transaction that values the studio at an enterprise figure of about…
Despite global economic uncertainty and geopolitical tensions, African CEOs are optimistic about their own organisations’ growth prospects. This is according to the KPMG 2025 Africa CEO Outlook Survey, which captures…
In a move that emphasizes its ambition to lead Africa’s broadband revolution, AXIAN Telecom Fibre Ltd (“Yas”), a subsidiary of AXIAN Telecom Holding and Management PLC, has completed the acquisition…
Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank Uganda. The acquisition marks a major shift in Uganda’s…
Access Bank Plc (Access), one of Africa’s largest banking groups, is set to acquire Uganda’s Finance Trust Bank, highly-placed industry sources have told CEO East Africa Magazine. Access Bank Plc,…
A Djibouti-based bank, Salaam African Bank (SAB) has acquired Uganda’s Top Finance Bank Limited (TFB). Bank of Uganda (BoU), the financial sector regulator announced the acquisition today on Monday 8th…
