GenAfrica-Backed Batian Fund Cleared to Buy Riverside Towers in Nairobi
CAK approves GenAfrica-backed Batian Property Fund’s 100% acquisition of Riverside Towers Limited, owner of The Cube in Westlands, Nairobi...
✨ Key Highlights
The Competition Authority of Kenya has approved GenAfrica-backed Batian Property Fund's acquisition of Riverside Towers Limited, which owns The Cube commercial property in Westlands, Nairobi. This deal strengthens Batian's position in Nairobi's real estate market.
- The combined entity will control about 8% of Nairobi's office rental market.
- Batian Property Fund, managed by Batian Income Properties LLP, aims for a KSh 10 billion fund size.
- The acquisition, approved on October 9, 2025, aligns with Batian's goal to expand its Nairobi real estate portfolio.
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Car & General Share Price Surges; Batian Fund Acquires Riverside Towers; Safaricom Expands 5G - October 2025
Shares of Car & General (Kenya) Plc surged to KSh 55, their highest since April 2022, after the motor-dealer announced a 920% increase in half-year profit and its first-ever interim dividend. In corporate acquisitions, the Competition Authority of Kenya approved the GenAfrica-backed Batian Property Fund's acquisition of Riverside Towers Limited. This deal includes The Cube commercial property in Westlands, Nairobi, and strengthens Batian's position in the real estate market. In the telecommunications sector, Safaricom significantly expanded its 5G network coverage. The company more than doubled its sites to 1,700 in the 2025 financial year, which is a 111.7 percent increase from the previous year.
