The regulatory body responsible for promoting and protecting competition in Kenya's economy.
Mudavadi-linked investors agree to buy back Absa’s insurance stakes in a Sh3bn deal
Investors associated with Musalia Mudavadi and Issa Timamy are set to acquire majority stakes in two Kenyan insurance companies for Sh3 billion. The acquisition involves Absa’s 63.3 percent stake in Absa Life Assurance Kenya and First Assurance Kenya Limited.
Moniepoint Enters Kenya After Acquisition of Sumac Microfinance Bank
Moniepoint completed its acquisition of Sumac Microfinance Bank, securing a 78% majority stake. The acquisition was approved by the Central Bank of Kenya and the Competition Authority of Kenya.
Kenya’s competition regulator clears Zenith Bank’s Paramount acquisition
The Competition Authority of Kenya approved Zenith Bank's acquisition of Paramount Bank, clearing a regulatory hurdle. Zenith Bank must retain all 78 employees of Paramount Bank for at least 12 months post-acquisition.
Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
Moniepoint has received approval from the Competition Authority of Kenya to acquire a 78% stake in Sumac Microfinance Bank. The acquisition will allow Moniepoint to enter Kenya's regulated banking sector.
Access Bank UK to acquire Mauritius-based Afrasia Bank
Access Bank UK to acquire majority equity stake in Afrasia Bank. Afrasia Bank is Mauritius’ fourth largest bank by total assets.
