The bank plans to reorganize into a Non-Operating Holding Company (NOHC) structure. The listed entity will be renamed ‘Co-op Bank Group PLC’. A new subsidiary, ‘Co-op Bank Kenya Limited’, will handle licensed banking operations in Kenya.

As of December 2025, Co-op Bank holds total assets of KSh 827.4 billion. It operates 222 branches across Kenya and South Sudan. The bank has a 64.56% stake held by Co-op Holdings Co-operative Society Limited.

The restructuring aims to enhance operational efficiency and support regional expansion. The South Sudan unit reported a profit before tax of KSh 236 million for FY2025.

Dr Muriuki emphasized that the NOHC model provides a scalable platform for expansion into diversified financial services and other regional markets.

This approach mirrors that of its predecessors: enhanced operational efficiency and a more robust structure for sustained growth.

The restructuring will place all subsidiaries under a clean group umbrella—this offers greater flexibility for capital allocation across subsidiaries and future regional banking expansion.

Co-op Bank has set ambitious targets under its 2025-2029 strategic plan, aiming to grow total assets beyond KSh 1 trillion.

It is noteworthy that Co-op Bank is the sixth NSE-listed banking group to adopt the NOHC structure.

Details remain unconfirmed regarding specific timelines for regulatory approvals. However, the upcoming AGM on May 15, 2026, will be crucial for moving forward with this restructuring plan.

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In response to these issues, Canal+, which finalized its acquisition of MultiChoice in 2025, has set a target for cost savings of €400 million by 2030. The restructuring efforts include the retirement of Showmax at the end of April 2026, a decision driven by ongoing financial losses that have contributed to a 49% decline in MultiChoice’s trading profit.

As part of its cost-cutting strategy, Canal+ has implemented voluntary severance packages for its staff in South Africa, affecting a workforce of around 17,000. Additionally, the DStv Delicious Festival has ended its partnership with DStv, further illustrating the impact of these measures on cultural and entertainment sponsorships.

David Mignot, a spokesperson for Canal+, acknowledged the challenges, stating, “Financially speaking, business-wise speaking, the thing is not flying.” He emphasized the company’s focus on building subscribers rather than increasing pricing at this time, indicating a cautious approach to revenue generation.

Canal+ is prioritizing its core satellite and hardware infrastructure over lifestyle branding, a shift that reflects the need to stabilize and grow the business amid these challenges. The company aims to achieve targeted synergies of €250 million across the combined business, which could help mitigate some of the financial strain.

Despite these efforts, uncertainties remain regarding the future of the DStv Delicious Festival’s naming rights, as organizers are currently seeking a new sponsor. Furthermore, the broader impact of Canal+’s cost-cutting measures on cultural and entertainment sponsorships remains unclear. Details remain unconfirmed.

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