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TodaySaturday, May 02, 2026

Mergers and Acquisitions- Page 2

Top Finance Bank was registered in Uganda as a company on the 14th day of June 2012 and was granted a Credit Institution Licence (Class 5) on 8th September, 2014

Struggling Top Finance Bank sold to Djibouti’s Salaam African Bank

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 August 2022.
August 8, 2022
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KCB Group PLC Chairman Andrew Wambari Kairu (Front Left, )and Oliver Meisenberg, (Front Right) the Chief Executive Officer at Trust Merchant Bank (TMB) sign documents earlier today during a ceremony where KCB signed a definitive agreement to acquire a majority stake at TMB. TMB is a commercial bank based in the Democratic Republic of Congo (DRC). (Back Left to Right) - TMB Deputy CEO, Alexandre Mandeiro, KCB Group CEO Paul Russo, KCB Group CFO, Lawrence Kimathi, and TMB Shareholder Christian Kabila. The acquisition is aligned with the Group’s bid to scale its regional presence and access to the East African community's new members.

KCB Group moves to acquire DRC-based lender Trust Merchant Bank

KCB Group Plc has entered into a definitive agreement with shareholders of Trust Merchant Bank (TMB) to acquire a majority stake in the Democratic Republic of Congo (DRC)-based lender. The transaction is
August 4, 2022
Plascon paint tins. The brand will now be under Akzo Nobel under the new deal

Kansai Paint moves to sell African entity to Akzo Nobel

Kansai Paint Co., Ltd. (“Kansai Paint”) has entered into an agreement to sell its Africa business to Akzo Nobel N.V. (“AkzoNobel”), a global paints and coatings company. The sale is subject to
June 2, 2022
The Autocheck team. Launched in 2020, and backed by notable investors such as TLcom Capital and 4DX Ventures, Autochek combines technology, underpinned by data analytics to deepen auto finance penetration across the continent.

Autochek Acquires ROAM Africa’s Online Car Platforms Cheki Kenya and Cheki Uganda

Autochek, the automotive technology company facilitating auto financing across Africa and ROAM Africa (Ringier One Africa Media) have entered into an agreement for Autochek to acquire automotive marketplaces Cheki Kenya and Cheki
September 7, 2021
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