Mauritius Commercial Bank (MCB) has successfully arranged and closed a $400 million syndicated facility for Sea World Energy Holdings Limited, the affiliate consolidating Karpowership Group's operations across Africa.

• The facility was structured as a portfolio financing leveraging a pool of signed Power Purchase Agreements in Africa.
• MCB served as the sole Mandated Lead Arranger and Account Bank for the transaction.
• Karpowership operates a fleet of 40 vessels with an installed capacity of 8,000 MW across 14 countries.

The Central Bank of Kenya (CBK) announced that the licensing of Virtual Asset Service Providers (VASPs) will commence only after new regulations under the Virtual Assets Service Providers Act, 2025 are issued. This clarification follows the act's gazetting on October 21 and effectiveness from November 4, bringing Kenya's digital asset market under statutory regulation.

• CBK and the Capital Markets Authority (CMA) confirmed they have not yet licensed any VASPs in or from Kenya under the new law.
• The National Treasury is currently developing detailed implementing regulations for licensing, supervision, risk controls, and compliance.
• The new law designates CBK and CMA as joint regulators and introduces stringent anti-money laundering, governance, reporting, and consumer protection obligations.