Tanzania's Ali Mufuruki to own majority stake in Wananchi Group Holdings Limited

By professo

The Tanzanian businessman and founder of Infotech Investment Group, Ali Mufuruki, has announced his plans to acquire a 50% stake in the Kenya-based Wananchi Group Holdings Limited.

The businessman currently has a 1% stake in the firm, and so on approval of his acquisition, Mufuruki will have majority shares in the firm.

The Fair Competition Commission (FCC) confirmed that it will be reviewing the shareholding bid of the internet and pay-TV service provider and parent group of Zuku TV.


Wananchi Group Holding Ltd provides both residents and corporate customers with home entertainment and communication services.

The purchase proposals will be investigated in line with the Fair Competition Act’s provisions and rules.

Parties that are interested in the merger have been advised by the FCC to register interests or objections in order to aid the decision.


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital