CAK Clears Takeover, MCB Leads $400mn Facility, and CBK Prepares for Crypto Licensing - November 2025

The Competition Authority of Kenya (CAK) has approved the acquisition of Mace Consult Holdings Limited by Consult Bidco Limited. The authority stated the deal complies with merger regulations and will not negatively impact competition. In the financial sector, Mauritius Commercial Bank (MCB) has successfully arranged and closed a $400 million syndicated facility for Sea World Energy Holdings Limited, consolidating Karpowership Group's operations across Africa. Meanwhile, the Central Bank of Kenya (CBK) announced that the licensing of Virtual Asset Service Providers (VASPs) will begin only after new regulations under the Virtual Assets Service Providers Act, 2025 are issued. This follows the act's gazetting on October 21, which brings Kenya's digital asset market under statutory regulation.