Kenyan businessman Ahmed Hashi's Hashi Energy loses bid to introduce new evidence in $55.7 million tax case
Kenyan fuel trader Hashi Energy lost a bid to add new evidence in its $55.7 million tax dispute with Kenya’s revenue authority.
East Africa
Safaricom, led by Peter Ndegwa, wins central bank approval for 15% stake sale
Safaricom, led by Peter Ndegwa, wins CBK approval to sell 15% of government stake, raising $1.6 billion for Kenya’s treasury.
Ugandan billionaire Sudhir Ruparelia kicks off Kingdom Kampala expansion with 21-storey tower and helipad
Ugandan tycoon Sudhir Ruparelia is moving ahead with phase two of Kingdom Kampala, anchored by a 21-storey tower and rooftop helipad.
Tanzanian billionaire Rostam Aziz nears $130 million LPG terminal completion
This reflects a major step in his effort to expand LPG supply across East Africa while easing long-standing pressure on the region’s energy infrastructure.
$352 million NCBA stake held by two of Kenya’s richest families in focus after Nedbank bid
$352 million NCBA stake held by Kenya’s Kenyatta and Ndegwa families draws attention after Nedbank’s $856 million takeover offer.
Kenyan businessman Peter Muthoka sells his cargo handling company for $40.1 million
Kenya cleared Celebi’s purchase of a JKIA cargo handler in a $40.1 million deal that reshapes Nairobi’s freight business.
Nedbank offers $856 million for control of Kenya’s NCBA as big shareholders line up for payout
Nedbank offers $856 million for control of Kenya’s NCBA, signaling a regional banking shakeup and a likely payday for top shareholders.
Kenyan billionaire Rasik Kantaria's FMB Capital stake slips below $1 billion
Kenyan billionaire Rasik Kantaria sees FMB Capital stake fall below $1 billion after share gains cool.
Kenyan investor Baloobhai Patel buys additional Absa stake worth $1.3 million
Baloobhai Patel boosts his Absa Bank Kenya holding by $1.3 million, raising his stake to 100 million shares amid strong profits.
Co-op Bank Kenya CEO Gideon Muriuki acquires additional shares worth $1.2 million
Co-op Bank CEO Gideon Muriuki bought 5.5 million more shares worth Sh148 million, lifting his stake to 2.3% as dividends rise.
Mauritius-based businessman Antoine Delaporte's Adenia Partners set to receive up to $30 million from IFC
Adenia Partners will receive up to $30 million from IFC to back growth-stage African businesses across key sectors.
I&M, founded by Suresh Bhagwanji Shah, raises Tanzania stake to 95 percent
I&M Holdings, founded by Suresh Bhagwanji Shah, lifts its Tanzania unit stake to 95 percent as it deepens regional expansion.
Toby Selman’s Africa Logistics Properties cleared to list dollar-denominated REIT in Nairobi
Africa Logistics Properties secures approval to list East Africa’s first U.S. dollar industrial REIT on the Nairobi Securities Exchange.
Tanzanian billionaire Said Bakhresa adds Malawi soap factory after $100 million soya plant
Said Bakhresa is expanding manufacturing in Malawi with a new soap factory, months after launching a 100 million dollar soya plant.
Meet the Kenyan beer tycoon challenging Diageo's $2.3 billion EABL sale to Asahi
Peter Burugu built a beer distribution empire after leaving EABL. Now he is in court, trying to stall Diageo’s $2.3 billion exit.
Malawi’s richest man Hitesh Anadkat gains $1.69 billion from FMB Capital in 2025
Malawi’s richest man Hitesh Anadkat gains $1.69 billion as FMB Capital shares climb 475 percent in 2025.