Mergers and Acquisitions Archives

Deal Makers: Meet Deloitte Advisors Behind Absa’s Acquisition of StanChart’s Wealth and Retail Business in Uganda

In a transaction set to reshape Uganda’s banking landscape, Absa Bank Uganda signed an agreement in October last year to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank

March 15, 2026

Banking & Financial Services·Business & Markets·The Big Story

Canal+ shuts down loss-making Showmax Streaming Platform

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 video service

March 5, 2026

Media & Communication·The Big Story

A photo collage of NCBA Group CEO John Gachora and Nedbank Group CEO Jason Quinn.

South Africa’s Nedbank to Acquire 66% Stake in Kenya’s NCBA Bank for $856 million

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 effective control

January 21, 2026

Banking & Financial Services·East Africa·The Big Story

A photo collage of Old Mutual Insurance Uganda CEO Stephen Chikovore, and CFO Andrew Makumbi.

Stephen Chikovore, Old Mutual General Insurance’s CEO in Uganda to Step Down in January 2026

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. His exit

December 22, 2025

Banking & Financial Services·The Big Story

A photo collage of Abdi Mohamed- Absa Bank Kenya CEO, Khalid Garousha- Senior Partner of A&O Shearman, Michael Katz- Chairman of ENSafrica. Bottom row: Kentaro Okuda- President and Group CEO of Nomura Holdings, Atsushi Katsuki- President and Group CEO of Asahi Group Holdings, Jane Karuku- the Group MD & CEO of EABL.

Absa, ENS Africa, A&O Shearman and Nomura Advise Asahi Holdings on USD 2.3bn Acquisition of 65% Stake in EABL

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 of a

December 18, 2025

East Africa·Global News·The Big Story

Netflix Strikes $82.7 Billion Deal to Take Over Warner Bros., Redefining the Global Entertainment Landscape

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 $82.7 billion

December 5, 2025

The Big Story

(L–R) Benson Ndung’u, CEO KPMG East Africa; Ignatius Sehoole, CEO KPMG South Africa and KPMG One Africa; Joelene Pierce, CEO Designate KPMG South Africa; and Tola Adeyemi, CEO KPMG West Africa — the leaders behind KPMG’s 2025 CEO Outlook Africa Edition, driving a message of confidence, innovation, and sustainable growth across the continent.

KPMG 2025 CEO Outlook: Africa’s CEOs Bet on AI, Talent, and Sustainability to Power Next Growth Wave

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 the perspectives

November 6, 2025

News & Analysis·The Big Story

AXIAN Telecom’s Yas Strengthens Fibre Dominance with Wananchi Acquisition

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 of 99.63%

November 5, 2025

East Africa·News & Analysis

David Wandera MD ABSA and Sanjay Rughani Standard Chartered Bank Uganda CEO.

Absa Bank Acquires Standard Chartered’s Retail and Wealth Business in Uganda

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 banking landscape

October 24, 2025

The Big Story

Finance Trust Corporate Headquarters on Lumumba Avenue

Nigeria’s Access Bank Plc set to acquire Uganda’s Finance Trust Bank

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, which has

December 26, 2023

Banking & Financial Services·Global News·News & Analysis·The Big Story