Ugandan tycoon Patrick Bitature ordered to pay $256,136 in consultancy dispute
A Ugandan court has ordered tycoon Patrick Bitature to pay a consultancy about Shs954 million ($256,136), plus interest, over two stalled property projects.
East Africa
Kenyan billionaire Joshua Chepkwony's EADAK factory assembles 700,000 smartphones as Kenya races toward 4G and 5G
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 launches $238.6 million bid to raise its stake in Absa Bank Kenya to 85 percent
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.
Kenyan-Mexican star Lupita Nyong'o built a $10 million fortune from one Oscar
Lupita Nyong'o won an Academy Award in her first major film and parlayed it into a beauty, book and blockbuster empire worth millions.
Nairobi court dismisses bid to halt tribunal proceedings in tycoon Chris Obure's $59 million Senteu Plaza battle
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 billionaire Manu Chandaria to build a centre honoring late prime minister Raila Odinga
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 opens its first pharmacy in a push for cheaper medicine in Kenya
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.
Madagascar billionaire Hassanein Hiridjee's AXIAN Energy raises $60 million to expand renewable power across Africa
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.
Kenyan banker James Mwangi gains $8 million in four months on Equity Group stake
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.
Madagascar billionaire Hassanein Hiridjee's Axian Telecom secures €170 million EBRD loan to expand African networks
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 says tycoon Mary Wambui's firm won $3.1 million in tenders she helped oversee
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.
Kenyan businesswoman Mary Wambui has days to pay $775,000 or lose her $73.6 million hotel
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.