Kenyan tycoon Francis Njogu's Gulf Energy secures $15 million drilling rig
Gulf Energy chairman Francis Njogu has secured a $15 million oil rig as the company prepares to begin drilling in Turkana.
East Africa
Swiss-Indian billionaire heiress Vasundhara Oswal sues Ugandan police for $1m after 2024 detention
Vasundhara Oswal, an investor in Uganda’s ethanol industry, is suing senior police officers for $1 million after a 2024 arrest she calls unlawful.
Kenyan businessman SK Macharia back in court as judge demands clarity on who owns insurer Directline
S K Macharia appeared in court as the Directline shareholding dispute intensified, with a judge urging regulators to clarify ownership.
Dangote-backed IFC deal unlocks $20 million in loans for Ethiopian small businesses
Dangote plays a central role in a $10 million IFC initiative with Dashen Bank, designed to provide Ethiopian SMEs with access to $20 million in loans, fostering entrepreneurship and financial inclusion.
Kenyan tycoon Zedekiah Bundotich Kiprop's logistics firm hit with $6.7 million debt ruling
Kenya’s High Court cleared I&M Bank to recover Sh864.7 million from Buzeki Enterprises, ruling a promissory note must be enforced as written.
Kenyan multimillionaire investor Paul Ndung’u loses fresh bid to reopen SportPesa case
Appeal judges rejected Paul Ndung’u’s move to revive a withdrawn SportPesa case, saying courts cannot undo an order that was never filed.
Tanzanian multimillionaire Ghalib Said Mohamed to build CAF level stadium in Dar es Salaam
Young Africans says GSM Group president Ghalib Said Mohamed has won the bid to build a CAF standard stadium to end years of renting.
Narendra Raval's Devki Steel seeks $12 million VAT settlement with KRA
Narendra Raval Devki Steel has opened negotiations with Kenya Revenue Authority in a Sh1.6 billion VAT dispute over factory equipment imports
Kenya’s CMA CEO Wyckliffe Shamiah approves new investment bank, stockbroker
CMA has licensed six new firms including an investment bank and stockbroker, widening the Kenya-regulated capital markets sector in 2026.
Mombasa billionaire Mohammed Jaffer wins delay in court case against maize miller
A Mombasa High Court pushed to May a Ksh90 million suit targeting a grain handler associated with businessman Mohammed Jaffer after witnesses failed to attend.
Bill Gates Rejects Claims Linking Him to Mosquito Surge in Kenya
Bill Gates has rejected claims circulating online that link him to a surge in mosquitoes in Kenya, with his foundation calling the allegations false.
Kenyan billionaire Manu Chandaria donates $150,000 to new student innovation hub
Industrialist and philanthropist Manu Chandaria, through the Chandaria Foundation, has partnered with KCA University on a Sh20 million incubation and innovation centre in Nairobi.
Court orders arrest of Kenyan tycoon Pius Ngugi over $32,000 legal fees
A Nairobi court issued an arrest warrant for tycoon Pius Ngugi over Sh4.19 million in legal fees after a bid to stop execution failed.
Billionaires.Africa ranks the 10 richest investors on the Dar es Salaam Stock Exchange in 2026
DSE ended 2025 at record valuation levels. These are the ten biggest individual investors by listed equity stakes, led by bank heavy portfolios.
Billionaires.Africa ranks the 10 richest investors on the Uganda Securities Exchange in 2026
A 34% rally has lifted Uganda’s Securities Exchange—still a market where a few liquid stocks and a small circle of investors drive most of the action.
Billionaires.Africa ranks the 20 richest people on the Nairobi Securities Exchange in 2026
Using late January 2026 NSE closing prices, we ranked the biggest disclosed shareholders on Kenya’s bourse and priced their listed stakes in dollars.