CDH Kenya is proud to announce the closing of Project Sondu and to have advised Axian Group, with respect to the acquisition by Axian Telecom Fibre Limited of 99.63% of the share capital of Wananchi Group Holdings Limited (Wananchi), at group level in Mauritius; and the indirect acquisition of subsidiaries in Kenya, Malawi, Mauritius, Tanzania, and Uganda alongside the indirect disposal of Wananchi's interest in iSat Africa in Kenya, the United Arab Emirates and Zambia.
Wananchi is a leading East African broadband cable triple play platform (broadband internet, digital pay TV, and voice-over-IP) provider, offering affordable entertainment and connectivity for in East and Central Africa. This transaction offers immense benefits to customers and consumers alike and presents an opportunity for even greater success for Wnanchi.
The deal team was led by Njeri Wagacha and supported by Arnold Mutisya, Kevin Kipchirchir, Wambui Kimamo, Ian Ounoi, and Melanie Njuhigu.
