Kenyan tycoon Suresh Bhagwanji Shah’s I&M lends $16.2 million in green loans to MSMEs
I&M Bank Group was founded by Kenyan tycoon Suresh Bhagwanji Shah in 1974.
Bank linked to Tanzanian billionaire brothers partners with IFC for financial inclusion in East Africa
CRDB Bank is owned in part by Aunali and Sajjad Rajabali.
Meet 40-year-old Ghanaian investor who launched $115-million fund to invest in African fashion
Annan hopes to play a formative role in expanding the social capital of African countries.
Tanzanian billionaire Mohammed Dewji, Kenyan president meet to advance economic partnership
Dewji is the CEO of MeTL, a diversified group.
Nigerian entrepreneur Adesuwa Okunbo Rhodes’ firm secures $20 million from Visa, MasterCard
Rhodes founded Aruwa Capital with the goal of closing the investment gap affecting women-owned businesses in Africa.
Kenyan tycoon Julius Mwale discusses investing with 19 African presidents
He is also in talks with Senegal to build Africa’s longest bridge.
Telecom billionaire Mike Adenuga loses $9 million in 200 days from stake in Conoil
Adenuga holds a majority stake in the oil marketing business.
Centum, controlled by family of late tycoon Chris Kirubi, prepares to repay dollar-denominated loans
Kirubi passed away last year.
South African billionaire Stephen Saad’s Aspen secures $30 million grant to make vaccines
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
Kenyan businessman James Mwangi’s Equity, NCBA fight over $1.3-million property in Nairobi
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Meet Islam Shawky, Egyptian fintech founder who secured $50 million for his startup in May
Paymob has facilitated more than 120 million transactions worth more than $324.6 million under Shawky’s leadership.
Nairobi-based tycoon Kamal Budhabatti’s Little to launch service in Ghana next week
Budhabatti co-founded Little with telecom giant Safaricom in 2016.
Late Kenyan businessman Chris Kirubi’s stake in Centum now worth $13.5 million
Following the demise of Chris Kirubi, his son Robert Kirubi and daughter Mary-Ann Musangi received 80 percent of his fortune.
Egyptian restaurateur Tamer Amer’s OneOrder secures $3 million in seed round
The capital injection will be used to strengthen its operations in Egypt and the MENA region.
Ugandan tycoon Ham Serunjogi’s Chipper Cash lays off nearly 12.5 percent of staff
Chipper Cash is a cross-border payment platform.
James Mwangi-led Equity Group to pay KRA $91.6 million as corporate taxes in 9M 2022
Equity Group is the largest financial services conglomerate in East Africa.