Kenyan banking multimillionaire Gideon Muriuki wins order blocking his arrest days before plea
A Kenyan judge barred police and prosecutors from arresting Gideon Muriuki, days before the Co-operative Bank chief was due to take plea.
East Africa
Tanzanian billionaire Mo Dewji pledges $11.3 million to build stadium for Simba SC
Mo Dewji pledged $11.3 million for a Simba stadium, six training pitches and a residential camp, pending a decision by the club's trustees.
Ugandan tycoon Mukesh Shukla's Kampala towers cleared for sale over debt
A Ugandan court has cleared the sale of two Kampala condominium units owned by Mukesh Shukla's Springs International Hotel over a Shs173 million debt.
Kenyan tycoon Muhoho Kenyatta pockets $6.6 million as NCBA lifts dividend by half
Muhoho Kenyatta collects roughly $6.6 million from NCBA's interim dividend, months before Nedbank completes its takeover of the bank his family has long backed.
Forbes counts one Tanzanian billionaire, but three others are writing nine-figure cheques
Forbes lists one Tanzanian billionaire. Three others have committed hundreds of millions to acquisitions in the past two years, exceeding their published valuations.
Jens Montanana's Datatec makes fourth acquisition of the year with New Mexico deal
Datatec's Logicalis USA has acquired Loial, a New Mexico cybersecurity provider, in the group's fourth acquisition since January. No price was disclosed.
Umeme, Uganda's former power monopoly chaired by Patrick Bitature, has lost 85% of its value
Umeme shares have fallen about 85% since its Ugandan concession ended, and the company says it has no operating revenue and expects another loss.
Tanzanian billionaire Rostam Aziz's $130 million terminal threatens Kenya's LPG monopoly
Rostam Aziz's Taifa Gas is finishing a $130 million Mombasa terminal set to break a cooking gas market where two importers control 98% of supply.
Kenyan multimillionaires Robert Kirubi and Mary-Ann Musangi to pocket $1.25 million in Centum dividend
Robert Kirubi and Mary-Ann Musangi will take about $1.25 million from Centum's record dividend through the 31% stake inherited from their father.
Kenyan media mogul SK Macharia held in contempt of court in Directline dispute
Kenya's High Court has held media mogul SK Macharia in contempt for breaching orders in the long-running Directline Assurance ownership dispute.
Tanzanian tycoon Ghalib Said Mohamed puts $5.7 million into Yanga's transfer spending
Ghalib Said Mohamed's GSM Group has allocated TSh15 billion, about $5.7 million, purely for player recruitment at Tanzanian champions Young Africans.
Ugandan tycoon Sikander Lalani fled genocide in 1994 and built a $255 million steelmaker
Sikander Lalani abandoned his Kigali roofing factory when genocide broke out in 1994, rebuilt in Uganda, and now pays the state $51 million in tax.
Tanzanian billionaire Rostam Aziz to reopen Ugandan outlets shut by Museveni's son
Museveni has cleared Nation Media Group to resume operations in Uganda, a month after his son shut its outlets down over press freedom.
Tanzania's Mittal brothers buy their third Vivo Energy business in three months
Mount Meru Group, owned by Tanzanian-raised brothers Atul and Arvind Mittal, is buying Vivo Energy's Rwanda and Malawi fuel businesses.
Madagascar billionaire Hassanein Hiridjee has raised $730 million to expand across Africa
Madagascar billionaire Hassanein Hiridjee has raised about $730 million from development lenders since 2025 to expand his Axian across Africa.
Kenyan tycoons Ronald Karauri and Robert Macharia lose SportPesa control to anonymous UAE firm
A UAE-registered firm with no traceable owner holds 54% of SportPesa's Kenyan operator, cutting Ronald Karauri and Robert Macharia below 4%.