Kenya’s Merali family faces $1.9-million decline from Sasini Tea shares
The decline underscores ongoing pressures on Kenya's agricultural sector as market challenges weigh on shareholder value.
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Ugandan businessman Ketan Morjaria's Credit Bank under fire after $8.7 million property auction
Kenya’s Credit Bank faces scrutiny after judges froze an $8.7 million land transfer, raising questions over how the lender handled its own property auction.
Kenyan banker James Mwangi gains $7.9 million from Equity Group stake
James Mwangi’s Equity Group stake gains $7.9 million as the Kenyan lender’s shares rally, lifting his holdings and confidence.
Kenyan tycoon Ronald Karauri’s SportPesa backs local boxing again
SportPesa, led by Ronald Karauri, renews support for Kenyan boxing, backing local fighters and grassroots programs after six years away.
Rasik Kantaria becomes Kenya’s first billionaire
Rasik Kantaria hits $1 billion as FMB Capital Holdings soars, marking a historic milestone in East Africa.
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Moroccan businesswoman Lamia Tazi’s Sothema targets CIALIS assets from Eli Lilly
Moroccan businesswoman Lamia Tazi’s Sothema aims to acquire CIALIS assets from Eli Lilly to expand specialized therapies in Africa.
Ivorian businessman Koné Dossongui's Atlantic gets $150 million financing for gold mine
Koné Dossongui’s Atlantic Group gets $150 million to buy the Tongon gold mine in Côte d’Ivoire.
Ackerman family gives up majority control of Pick n Pay as Allan Gray’s stake grows
Pick n Pay’s founding family falls below 50% control as Allan Gray ups its stake, sharpening focus on the retailer’s troubled turnaround.
Prudential’s exit plan tests Patrice Motsepe’s grip on Alexforbes
Prudential’s possible Alexforbes exit hands Patrice Motsepe a pivotal moment: tighten African Rainbow Capital’s control or share power with a new global investor.