Equity Bank has completed the acquisition of Banque Commerciale Du Congo at a cost of $95 million.
The supermarket chain took the biggest financial hit from Kenyan operations at $15.39 million.
The two companies on Wednesday separately announced they had reached mutual consent to call off the proposed merger.
The decision came after the government reviewed the list of companies intent on buying a stake in Ethio Telecom.
Plant commissioning will start this month and is expected to go fully online in November.
