In brief

11 May 2018

Mergers, Acquisitions and Financial Results

Tanzanian businessman Ali Mufuruki is seeking to acquire a 50% stake in Wananchi Group Holdings, reports Business Daily. Wananchi provides broadband and television services under the brand name Zuku in a number of African markets, including Tanzania and Kenya. The transaction, which would increase Mr Mufuruki’s shareholding to 51%, is currently being investigated by Tanzania’s Fair Competition Commission (FCC).