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Kenyan tycoon Manoj Shah built Osho Chemical Industries from six staff into a five-country business, and says a stroke finally taught him to slow down.
Kenya’s Quickmart has lined up $55 million from four cornerstone investors, including the IFC, as the Kinuthia family-backed chain prepares to close its IPO.
The trial of Malagasy tycoon Mamy Ravatomanga and 27 others over five Boeing 777s that ended up in Iran resumes in Antananarivo on Tuesday.
A Kenyan conservation initiative links philanthropic wealth associated with Walmart heir Rob Walton to a $160 million programme protecting wildlife and supporting local communities.
A Ugandan court has ordered tycoon Patrick Bitature to pay a consultancy about Shs954 million ($256,136), plus interest, over two stalled property projects.
Joshua Chepkwony's East Africa Device Assembly Kenya has assembled 700,000 locally manufactured digital devices in a year as Kenya accelerates its shift to 4G and 5G.
South Africa's Absa Group has launched a $238.6 million tender offer to raise its stake in Absa Bank Kenya from 68.5 percent to 85 percent.
Lupita Nyong'o won an Academy Award in her first major film and parlayed it into a beauty, book and blockbuster empire worth millions.
A Nairobi court has dismissed a bid to halt tribunal proceedings tied to Chris Obure's SBS Dunhill Group and its KSh7.6 billion Senteu Plaza dispute.
Kenyan industrialist Manu Chandaria has signed an agreement with the Kenya School of Government to build a regional leadership and governance centre honouring the late Raila Odinga.
James Mwangi's Equity Group has opened its first pharmacy outlet in Kenya, aiming to lower medicine costs and cut the pharmaceutical share of health insurance claims.
Hassanein Hiridjee's Axian Energy has secured a $60 million financing facility with Mauritius Commercial Bank to fund renewable energy expansion across six African countries.
James Mwangi's 127.8 million Equity Group shares are now worth $75 million, up $8 million since Billionaires.Africa ranked him fourth on the NSE rich list in February.
Hassanein Hiridjee's Axian Telecom has lined up a fresh €170 million EBRD loan to expand mobile and fibre infrastructure across Senegal and Kenya.
Kenya's Auditor General has flagged a conflict of interest after Mary Wambui's company won $3.1 million in digital superhighway contracts while she chaired the Communications Authority board.
Kenya's High Court has ordered billionaire Mary Wambui to deposit KES 100 million ($775,000) within seven days or Equity Bank will auction her KES 9.5 billion Glee Hotel.