Kenyan investor Baloobhai Patel’s Absa Bank shares rise to $15.9 million
Baloobhai Patel grows his Absa Bank Kenya stake to $15.9 million, deepening his influence in the lender.
Baloobhai Patel
Baloobhai Patel’s Aksaya to build Marriott-branded hotel at Nairobi Airport
Baloobhai Patel’s Aksaya Estates partners with Marriott to open a Courtyard hotel at Nairobi Airport, expanding luxury hospitality in Kenya.
Kenyan investor Baloobhai Patel buys more Absa Bank shares worth $4.8 million
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.
Baloobhai Patel-backed Sanlam Kenya reports sharp profit decline in first half
Sanlam Kenya, backed by Nairobi investor Baloobhai Patel, reported an 89% profit fall in H1 2025 as rising expenses outweighed investment gains.
Baloobhai Patel-linked Sanlam Kenya repays $23.5 million Stanbic loan
Sanlam Kenya, backed by investor Baloobhai Patel, has cleared a $23.5 million Stanbic loan and posted a profit rebound on stronger revenue and investment income.
Baloobhai Patel linked-Absa Kenya recovers $1.8 million lost to fraud
The Nairobi-listed lender said its systems helped avert an additional Ksh334 million ($2.59 million) in potential losses.
Baloobhai Patel linked-Absa Kenya backs $52 million student housing in Nairobi
Absa Bank Kenya, partly owned by investor Baloobhai Patel, is backing a $52 million student housing drive to ease Nairobi’s 300,000-bed deficit.
Baloobhai Patel acquires $1.2 million more shares in Absa Kenya
Baloobhai Patel ups Absa Kenya stake by $1.2 million, showing confidence in lender's growth as bank posts strong profit despite tough macro conditions.
Sanlam Kenya, backed by Kenyan investor Baloobhai Patel, to raise $19.3 million in rights issue
Sanlam Kenya, backed by tycoon Baloobhai Patel, plans a $19.3 million rights issue to cut debt, strengthen its balance sheet, and revive profitability.
Absa Kenya, linked to Kenyan tycoon Baloobhai Patel, posts $229.3 million profit in 2024
The leading lender’s earnings soared past $220 million, fueled by strong growth in both net interest and non-interest income.
Kenyan investor Baloobhai Patel buys $1.1 million additional stake in Co-op Bank
This move reflects his confidence in the bank’s potential and his ongoing commitment to expanding his influence in Kenya's financial industry.
Kenyan investor Baloobhai Patel gains from $98.2 million payout in Bamburi Cement takeover deal
Among the investors who benefited significantly is Kenyan tycoon Baloobhai Patel, who earned $15.5 million in just six months through his stake in Bamburi.
Absa adds $3.2 million to Kenyan businessman Baloobhai Patel’s portfolio gains in 2024
His portfolio benefited from a rise in the bank's share price on the Nairobi bourse and the strengthening of the Kenyan shilling against the U.S. dollar.
Sanlam Kenya shareholders approve $25.1 million rights issue to boost capital
This move aligns with the company’s broader strategy to improve its financial standing and long-term stability.
Bamburi Cement, linked to Kenyan tycoon Baloobhai Patel, receives new $193.7-million offer
Savannah Clinker has proposed purchasing all 362.9 million shares of Bamburi at Ksh70 ($0.54) per share.
