04 October 2024

Axian Telecom is reportedly looking to acquire Kenya-based mobile, internet and TV provider Wananchi Group.

According to local media, files made with the Comesa Competition Commission suggest that Axian Telecom subsidiary Axian Telecom Fibre is looking to acquire 99.63% of Wananchi. It trades under the Zuku brand offering TV, broadband and mobile across Kenya, Tanzania, Uganda, Malawi and Zambia.

Comesa has received the proposed acquisition from Axian Telecom Fibre for 99.63% of Wananchi. Wananchi agreed to the regulator’s condition of selling its majority stake in iSAT Africa as a condition to complete the sale.

Wananchi Group has struggled in recent years as shareholders clashed and hampered investment plans and product development. Shareholders claimed to have been defrauded by rival shareholders to the tune of KES20 billion in 2018.