Canal+ has assumed control of MultiChoice Group (MCG) following the fulfilment of all suspensive conditions tied to its takeover offer. The merger, announced as unconditional on Friday, 19 September 2025, marks the largest transaction ever undertaken by Canal+, positioning the combined entity as a global media and entertainment powerhouse. “Subject to the Takeover Regulation Panel issuing a compliance certificate in respect of the Canal+ offer in terms of section 121(b) of the Companies Act, which is expected imminently, the settlement process in connection with the offer will now commence,” the group confirmed. Canal+ Shareholding Surpasses 48% Threshold As of the…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The Central Bank of Kenya (CBK) has formally revoked the license of Bonto Kenya Money Transfer Limited (BKMTL), marking the official exit of the money remittance provider from Kenya’s competitive financial services landscape. The revocation, effective September 11, 2025, was published in a gazette notice dated September 16, citing Regulation 44(2) of the Money Remittance Regulations, 2013. It follows Bonto’s own decision to wind down operations, a process that concluded this month after the company cited unsustainable market conditions. “After careful consideration, the Board of Directors… has made the difficult decision to cease our money remittance operations and surrender our…
Kenya made history at the 2025 World Athletics Championships in Tokyo by becoming the first country to win all distance events—from the 800m to the marathon. The nine-day competition, held at Japan National Stadium from September 13 to 21, saw Team Kenya finish second overall behind the United States, collecting 11 medals: 7 gold, 2 silver, and 2 bronze. The victories spanned both track and road events, with standout performances from Kenya’s elite runners: 800m (Women) – Lilian Odira (1:54.62, Championship Record) 800m (Men) – Emmanuel Wanyonyi (1:41.86, Championship Record) 1500m – Faith Kipyegon 3000m Steeplechase – Faith Cherotich (8:51.59,…
Uganda plans to borrow $358 million in loans from regional and international lenders to fund key infrastructure projects—including a high-voltage electricity transmission line to South Sudan. The financing plan, presented to Parliament by junior finance minister Henry Musasizi on September 16, 2025, is part of the country’s broader push to monetise its surplus power and deepen regional connectivity. Who’s Funding the Deal? The proposed credit package will be sourced from: African Development Fund (ADF)—the concessional arm of the African Development Bank Group Arab Bank for Economic Development in Africa (BADEA) Standard Chartered Bank Deputy Speaker Thomas Tayebwa has referred the…
KCB Group PLC and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding to provide financial and trade facilitation support to investors operating in the Vipingo Special Economic Zone (SEZ) in Kilifi County. Under the agreement, Afreximbank will commit US$500 million, while KCB Group will provide US$300 million in funding. The partnership was announced during the Arise Integrated Industrial Platforms (Arise IIP)–Kenya Investment Forum 2025. Financing Framework for SEZ Enterprises The funding will support manufacturing, agro-processing, logistics, and value-addition enterprises within the SEZ. Investors will access tailored financial instruments, including: Working capital facilities Project finance Trade financing Project…
The Best Western Plus Meridian Hotel, a six-story hospitality asset on the edge of Nairobi’s Central Business District, has been listed for sale at Sh1.29 billion. The listing, managed by Knight Frank Kenya, positions the property as a rare opportunity to acquire a fully operational hotel in a high-demand urban corridor. According to Knight Frank, the hotel’s “excellent and serene location in the periphery of Nairobi CBD, away from the heavier foot and vehicle traffic,” enhances its appeal to both business and leisure travelers. The property sits on a 0.366-acre corner plot along Murang’a Road, offering direct access to Westlands,…