Acquisition Archives – CEO East Africa

Which Ugandan Startups Have Been Involved in Acquisitions?

by Jonathan LAfrica Industry & Analysis Lists & Rankings Startups Technology The Big StoryJanuary 15, 2025January 20, 2025

In the African startup ecosystem, acquisitions are rare. This is true for nascent ecosystems, and Uganda is no exception. An acquisition happens when one company, typically larger and more established,…

COMESA CLEARS Finance Trust Bank acquisition and merger with Nigeria’s Access Bank

by Paul MurungiIndustry & Analysis The Big StoryMay 19, 2024June 6, 2024

Dr. Mahmoud Momtaz, the Chairperson of The Common Market for Southern and Eastern Africa (COMESA) Competition has cleared the merger and acquisition of Uganda’s Finance Trust Bank with Nigeria’s Access Bank, a decision that is slated to impact market dynamics in East Africa’s banking industry. Access Bank will acquire up to 80.89% of the issued shares, which is a subscription…

Ugandan Startup, Asaak, Expands to Latin America Through the Acquisition of Mexican Startup, FlexClub.

by Jonathan LStartups The Big StoryAugust 31, 2023August 31, 2023

Asaak, a trailblazing fintech firm from Uganda, has reached a significant milestone with its acquisition of FlexClub Mexico, extending its operations across two continents. Details of the transaction were not…