Kenyan supermarket chain Quickmart is going public and these people will make millions
Sokoni is selling 2 billion Quickmart shares, and the proceeds go to Adenia Partners, the chain's founders and CEO Peter Kang'iri.
East Africa
Billionaire Hassanein Hiridjee's foundation opens its 250th school in Madagascar
Hassanein Hiridjee's Axian Foundation has opened its 250th school in Madagascar, at Ambahikily in the south-west, after 15 years of building.
Malagasy tycoon Mamy Ravatomanga is charged over five Boeings that were flown to Iran
Five Boeing 777s registered in Madagascar ended up with a sanctioned Iranian airline. The trial of 33 defendants has been put back to Oct. 27.
Kenyan cement tycoon Benson Ndeta won his fraud case and his old partners are appealing
Savannah Heights and John Gachanga Kaiganaine have gone to the Court of Appeal over a ruling that declared Benson Ndeta's prosecution unlawful.
Sudan's richest family opens 40,000 tonnes of grain storage at Cameroon's main port
Afisa Food Industry, owned by Sudan's Elnefeidi family, has built eight grain silos at Douala port and will run them for 20 years before handover.
Billionaire Mo Dewji's foundation has now performed 13,900 cataract surgeries in Tanzania
The Mo Dewji Foundation has performed 13,900 cataract surgeries in Tanzania, including 4,238 in the first half of 2026 across 12 mobile camps.
Kenyan billionaire Narendra Raval is building a 60MW wind farm to power his cement plants
National Cement, the Devki subsidiary that makes Simba Cement, has applied to build 38 wind turbines in Kajiado County to power its own operations.
Malagasy billionaire Hassanein Hiridjee renames AXIAN Telecom as Yas Group
AXIAN Telecom has renamed itself Yas Group. It reported $980 million of revenue in the first half of 2026, up 26%, with 45.5 million subscribers.
Kenyan billionaire John Kibunga Kimani lifts his Centum stake to 11.51%
John Kibunga Kimani raised his Centum stake to 11.51% in the year to March 2026, from 1.24% five years ago, buying 7.19 million more shares.
Kenyan billionaire Vimal Shah says he was defrauded of $745,000 in currency deal
Bidco Africa founder Vimal Shah told a Nairobi court he sent Ksh102.4 million for dollars that never arrived, after a friend vouched for the deal.
Tanzanian billionaire Edha Nahdi gives $35 million to build 10 hospitals in Kenya
Amsons Group broke ground on the first of 10 mother and baby hospitals it is funding across Kenya with a $35 million grant, Ruto announced.
Kenya's wealthy Merali family acquires stake in pharmaceutical glass plant
The family of the late Naushad Merali is taking half of a pharmaceutical glass plant at Mombasa's Dongo Kundu economic zone.
Kenyan fruit juice tycoon Kimani Rugendo invests $2.3 million in breeding potato seed
Kimani Rugendo's Kevian Kenya has put Sh300 million into potato seed development, moving the juice maker upstream into agricultural inputs.
Tanzanian billionaire Ghalib Said Mohamed wants more trains to the inland cargo hub he runs
Tanzania Railways may add trains to Isaka, the inland cargo hub Ghalib Said Mohamed leases, which clears freight for Rwanda, Burundi, Congo and Uganda.
Raffles Family Office hires former Rwandan minister Jean de Dieu Uwihanganye to court wealthy Africans
Jean de Dieu Uwihanganye, Rwanda's former infrastructure minister, joins Raffles Family Office to lead its push along the Africa-Asia corridor.
Billionaire Aliko Dangote's $16 billion Kenyan refinery has no secure crude supply
Aliko Dangote breaks ground at Lamu on Sept. 30 on a 700,000-barrel refinery, in a country with no commercial oil production.