Ugandan pharma tycoon Emmanuel Katongole quits tax board after six months
Emmanuel Katongole, co-founder of Ugandan HIV drug maker Quality Chemical Industries, has resigned as chairman of Uganda's tax authority board after six months.
East Africa
Ugandan billionaire Sudhir Ruparelia seeks $225 million from Rabobank over Crane Bank fallout
Sudhir Ruparelia is seeking at least $225 million from dfcu Bank, a Rabobank unit and others in a London trial over Crane Bank's 2017 sale.
Ugandan billionaire Sudhir Ruparelia buys Old Mutual's Kampala building
Sudhir Ruparelia has bought Old Mutual's former UAP Insurance building on Kimathi Avenue in Kampala as the insurer sells off property across East Africa.
Tanzanian billionaire Mohammed Dewji explores Uganda investment opportunities with Gen Saleh
Tanzanian billionaire Mohammed Dewji met Gen. Salim Saleh in Kampala to discuss recycling, manufacturing and food security as MeTL looks beyond Tanzania.
Kenyan banker James Mwangi gains $23 million on Equity Group shares in third quarter
James Mwangi's Equity Group stake rose $23.2 million in the third quarter after the Kenyan lender posted a record first-half profit.
Kenyan banker Titus Muya gains $12 million as Family Bank shares climb after listing
Titus Muya's Family Bank stake rose $12 million in the third quarter, the Kenyan lender's first full quarter as a listed company.
Kenyan banker Suresh Bhagwanji Shah gains $18 million in Q3 as I&M Group shares hit a record
Suresh Shah's I&M Group stake rose $18.2 million in the third quarter as the Kenyan lender's shares climbed to a record high.
Billionaire Aliko Dangote pledges to list Kenya refinery on Nairobi bourse
Nigerian billionaire Aliko Dangote promises to list his planned East African refinery on the Nairobi bourse, a day before breaking ground in Lamu.
Kenyan tycoon Peter Muthoka pockets $19 million profit selling his airport cargo business
Peter Muthoka made a Sh2.5 billion profit selling Transglobal Cargo Centre to Turkey's Celebi for $40.1 million, roughly twice its asset value.
Ugandan tycoon Patrick Bitature loses a $256,000 case over two buildings he never built
A Ugandan court ordered Patrick Bitature to pay Finicon $256,136 plus nine years of interest for design work on two projects never built.
Malagasy tycoon Mamy Ravatomanga's workers want to know if they will still be paid
Staff at Sodiat, the Malagasy group owned by jailed tycoon Mamy Ravatomanga, met the court official now running it to ask about wages and layoffs.
Kenyan billionaire Narendra Raval starts building $386 million cement plant in Kitui
Narendra Raval's Devki Group has begun building a 50 billion shilling cement factory at Ngaaie in Mwingi North, due to open in mid-2027.
Kenyan billionaire Humphrey Kariuki loses court fight to hold on to a South African wine brand
A Nairobi judge refused to stop Namaqua Wines ending its deal with WOW Beverages, ruling the exclusive distributorship was never put in writing.
Aliko Dangote starts $160 million Djibouti terminal to pump fuel into Ethiopia by pipeline
Aliko Dangote, Djibouti's President Guelleh and Ethiopia's Abiy Ahmed have broken ground on a $160 million fuel storage terminal and pipeline supplying landlocked Ethiopia.
Kenyan banker Gideon Muriuki's Co-op Bank stake is closing in on $40 million
Gideon Muriuki holds 135 million Co-operative Bank shares, worth about $38.6 million as the stock trades near record highs.
Aliko Dangote hands Engineers India $450 million to build his $16 billion Kenya refinery
Aliko Dangote has hired Engineers India, the firm behind his Lagos refinery, on a $450 million contract to manage construction of his $16 billion Kenya plant.