Peter Ndegwa-led Safaricom invests $777 million in Kenyan suppliers
Safaricom, led by Peter Ndegwa, invested $777.6 million in Kenyan suppliers in 2025, strengthening local enterprises, jobs, and sustainable economic growth.
East Africa
How Kenyan billionaire Abu Joho built a port empire—and why the courts are pushing back
Abu Joho’s port empire, built on political ties and logistics power, is under siege as courts, rivals and reforms reshape Kenya’s vital Mombasa trade hub.
Nairobi-based entrepreneur Farouk Ramji drives Mawingu to $20m funding success
Mawingu Networks raises $20 million from Pembani Remgro to expand affordable internet across Kenya and Tanzania under CEO Farouk Ramji.
Tanzanian businessman Ally Awadh secures slice of Kenya’s cooking gas market
Tanzanian businessman Ally Awadh’s Lake Gas gains 2 percent of Kenya’s cooking gas market with a new $60 million terminal in Vipingo.
CRDB Bank, led by Tanzanian banker Abdulmajid Nsekela, secures $200 million loan
CRDB Bank, led by Tanzanian banker Abdulmajid Nsekela, secured a $200 million syndicated loan after record investor demand surpassed expectations.
Mukuha family's Naivas becomes Kenya’s first retailer to reach 110 stores
Naivas, Kenya’s top homegrown retailer, has opened its 110th store in Kiambu, marking 35 years of steady growth and reaffirming its market leadership.
Tanzania moves to seize tea assets from Africa’s youngest billionaire Mo Dewji
Facing political and financial pressure, Tanzania moves to seize MeTL’s tea assets in a high-stakes showdown with Africa’s youngest billionaire.
Kenyan investor Baloobhai Patel buys more Absa Bank shares worth $4.8 million
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.
Ugandan multimillionaire Patrick Bitature gets temporary relief in $10 million loan fight
Uganda’s top court paused enforcement of a $10 million award against businessman Patrick Bitature, giving him temporary relief in his long-running loan dispute.
Malagasy tycoon Mamy Ravatomanga calls for calm during nationwide non-violence observances.
Madagascar tycoon Mamy Ravatomanga calls for calm, condemns looting and job losses during nationwide non-violence observances.
Elon Musk’s Starlink, Cisco boost Rwanda’s tech expansion
Starlink and Cisco team up with Rwanda to build a gateway, expand connectivity and train millions for the digital economy.
Kenyan tycoon TK Muya’s Family Bank plans Nairobi Stock Exchange listing
Kenyan tycoon TK Muya’s Family Bank plans NSE listing as shareholders meet to approve debut after decades of growth.
Kenyan billionaire Vimal Shah’s Bidco, Egyptian Swiss Group eye food market expansion
Vimal Shah’s Bidco Africa explores a partnership with Egyptian Swiss Group to expand food manufacturing and strengthen supply chains across East and Central Africa.
Mauritian tycoon Arnaud Lagesse’s IBL Group reports lower profit despite higher revenue
IBL Group, led by Arnaud Lagesse, reports $109.1 million profit, down 11%, as revenue climbs to $2.65 billion.
Kenya court orders businessman SK Macharia’s guards out of Directline office
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.
SportPesa investor Asenath Wacera back in spotlight amid renewed scrutiny
A viral blog thrusts SportPesa investor Asenath Wacera into view, reviving her early role as the widow of ex-Nairobi mayor Dick Wathika.