Indian billionaire Ravi Jaipuria's Varun Beverages enters Kenya with $32 million dairy deal
Ravi Jaipuria's Varun Beverages is entering Kenya with a $32 million deal for the dairy, juice and water business of a family-owned company.
East Africa
Kiwi billionaire Stephen Jennings faces new Mauritius fight over Kenya's Tatu City
Kenyan investors want Mauritius' top court to let them arbitrate against Stephen Jennings' Rendeavour over dilution of their Tatu City stakes.
Heineken posts $1.9 million bank guarantee to freeze interest owed to Kenyan tycoon Ngugi Kiuna
The Dutch brewer secured a $1.9 million Equity Bank guarantee, halting disputed interest on the $11.3 million award owed to Ngugi Kiuna's Maxam.
Billionaire Rostam Aziz receives top Tanzania chamber of commerce award
Tanzania's chamber of commerce handed billionaire Rostam Azizi its highest award, citing his role in investment, job creation and growth.
French prosecutors fly to Mauritius to question Madagascar tycoon Mamy Ravatomanga
France's Parquet National Financier has sent prosecutors to Mauritius to personally question Mamy Ravatomanga as his legal troubles continue to expand across Madagascar, Mauritius and France.
Tanzanian billionaire Rostam Aziz meets Muhoozi in Entebbe as NMG shutdown drags on
Tanzanian billionaire Rostam Aziz has flown to Entebbe to meet General Muhoozi Kainerugaba personally, with NMG owners committing to more patriotic journalism to secure the reopening of their outlets.
Uganda military shuts Tanzanian billionaire Rostam Aziz's Nation Media Group outlets
Uganda's military chief General Muhoozi Kainerugaba has shut down Nation Media Group's Ugandan operations just four months after Tanzanian billionaire Rostam Aziz acquired a controlling stake.
Bhimji Depar Shah turned a Kenyan petrol station into a $700 million Bidco empire
Bhimji Depar Shah started with a petrol station in Nyeri and built Bidco Africa into a $700 million consumer-goods empire across 13 African countries.
Nedbank's takeover of NCBA clears key African regulatory hurdles as Kenyatta family windfall moves closer to completion
Nedbank's $856 million takeover of NCBA Group has secured key East African regulatory approvals, bringing the Kenyatta and Ndegwa families' Sh21.9 billion windfall closer to completion.
Madagascar billionaire Hassanein Hiridjee's Axian Energy secures $60 million loan from MCB to expand renewable energy across Africa
Hassanein Hiridjee's Axian Energy has secured a $60 million loan from MCB Group to fund its renewable energy expansion across multiple African markets.
Kiprono Kittony steps down as Radio Africa chairman after 25 years to take over as Kenya Airways board chair
Kiprono Kittony has stepped down as Radio Africa Group chairman after 25 years, with the Kenyan businessman set to take over as Kenya Airways board chair.
Narendra Raval built Kenya's biggest cement and steel empire but tax battles and political scrutiny are testing his limits
Narendra Raval built Kenya's biggest cement and steel empire from a small hardware shop in Gikomba Market, but mounting tax battles and political scrutiny are now testing his limits.
Billionaire Vimal Shah's seed company just beat Kenya's tax authority in a $1.7 million dispute
The Kenya Revenue Authority has lost a Sh221 million tax dispute against a seed company linked to Kenyan billionaire Vimal Shah and a former Central Bank of Kenya official.
Tanzanian billionaire Rostam Aziz's Nation Media Group holds pivotal post-takeover AGM
Nation Media Group held its most consequential annual general meeting in decades, three months after Tanzanian billionaire Rostam Aziz ended the Aga Khan's 66-year ownership of East Africa's biggest media house.
Kenyan billionaire John Kibunga Kimani's Sh205 million land dispute has reached the Supreme Court
Kenyan billionaire John Kibunga Kimani's Sh205 million land sale dispute has escalated to Kenya's Supreme Court after years of lower court litigation over a contested property transaction.
President Ruto calls Kenyan billionaire Gideon Moi a gangster and accuses him of not paying his own journalists
President William Ruto has escalated his feud with Kenyan billionaire Gideon Moi, accusing Standard Group of gangsterism and targeting months of unpaid employee salaries.