The Common Market for Eastern and Southern Africa (COMESA) Commission has greenlit the proposed merger between Kuramo Africa Opportunity Kenyan Vehicle Ltd. (KAOKV) and Trans-Century PLC.
The acquisition builds on Kuramo’s existing 25% stake in TransCentury. The transaction involves purchasing an additional 48% stake for approximately 74% ownership.
Kuramo will invest the raised capital to support TransCentury’s debt settlement and growth strategy.
