Author: Muindi

Kalahari Cement Limited has signed binding agreements to acquire a combined 28.2% stake in East African Portland Cement Plc ($PORT), purchasing shares from Associated International Cement Ltd (14.6%) and Cementia Holding AG (13.6%). The acquisition covers 26.3 million shares at KES 27.30 per share, valuing the transaction at approximately KSh 717 million. This represents a 42.5% discount to EAPC’s closing price of KES 47.50 on 31 July 2025, according to the company’s public announcement. “Although we have no intention of making a take-over offer for EAPC, we are required by the Take-over Regulations to issue this Notice of Intention,” the…

The Competition Tribunal of South Africa has conditionally approved French media conglomerate Canal+ Group’s acquisition of MultiChoice Group Limited, paving the way for full ownership of Africa’s largest pay-TV broadcaster. The Tribunal’s decision allows Canal+ to acquire up to 100% of MultiChoice’s issued ordinary shares, building on its existing 45.2% stake. The deal, valued at approximately R55 billion ($3 billion), is expected to close by October 8, 2025, marking a major realignment in Africa’s media landscape. “This deal is transformative,” said Maxime Saada, CEO of Canal+. “The combined group will benefit from enhanced scale, greater exposure to high-growth markets, and…

A scheduled session by Kenya’s Public Investments Committee on Commercial Affairs and Energy to assess the financial health of the National Oil Corporation of Kenya (NOCK) was postponed on Wednesday following an intense debate over the future of the state-owned entity. Chaired by Pokot South MP David Pkosing, the committee was set to review NOCK’s audited accounts spanning FY 2018/19 to 2022/23. However, MPs called for scrutiny after describing NOCK as a “dead” agency plagued by financial opacity and operational dysfunction. The session was triggered in part by the government’s recent partnership with RUBiS Energy Kenya, which includes transferring management…

Kenya has protested Tanzania’s newly enacted trade and licensing restrictions targeting non-citizens, warning that the measures undermine the East African Community’s (EAC) integration agenda. Trade Cabinet Secretary Lee Kinyanjui described the move as “discriminatory” and a violation of the EAC Common Market Protocol. “The Business Licensing Order, which seems to be criminalising lawful EAC investments, will hurt both our economies,” Kinyanjui stated. “It is therefore critical, in the spirit of EAC, that bilateral engagements be held to resolve these issues.” The contested measures include: A 10% excise duty and 15% Industrial Development Levy under Tanzania’s Finance Act, 2025 A Business…

Starting August 8, 2025, the Nairobi Securities Exchange (NSE) will enable the buying and selling of shares in single units, following regulatory approval of amendments to its Equity Trading Rules. This marks a major shift in Kenya’s capital markets, eliminating the requirement for minimum trade sizes—previously a barrier for many individual investors—and allowing shares to be traded in multiples of one (1). Strategic Implications The move aligns squarely with the NSE’s 2023–2029 Strategic Plan, which aims to: Increase retail investor participation Enhance market liquidity Drive financial inclusion across the region “This policy change is not just procedural, it is transformational,”…

SuperSport, the home of sport on DStv and GOtv, will broadcast every match of the 2024 African Nations Championship (CHAN) live from 2 to 30 August 2025, delivering top-tier African football to fans across the continent. Hosted jointly by Kenya, Tanzania, and Uganda, this eighth edition of CHAN celebrates local talent, national pride, and the spirit of the beautiful game, featuring 19 national teams composed solely of players competing in domestic leagues. First-Ever Tri-Nation Staging Originally slated for early 2025, the tournament was postponed due to infrastructure delays. It now marks: The first CHAN was co-hosted by three nations A…