AfricInvest IV LLC managed by AfricInvest Group agreed to acquire 10.13% stake in I&M Group PLC (NASE:IMH) from British International Investment plc on November 3, 2023. The completion of the transaction is subject to regulatory approvals. As of March 8, 2024, All the 1,414 employees of the bank will be retained under the current employment terms. East Africa Growth Holding has secured Competition Authority of Kenyas (CAK) approval.