Kenyan businessman Suresh Bhagwanji Shah set for $2 million I&M dividend
Kenyan businessman Suresh Bhagwanji Shah is set to earn $2.06 million after I&M Bank declared a stronger interim dividend.
East Africa
Mauritius-based investor Peter McAllister Todd’s Afine stake falls $3 million
Peter McAllister Todd’s Afine stake drops $3.2 million as the small-cap property firm faces a sharp slide on the Johannesburg Stock Exchange.
Kampala-based entrepreneur Agnes Aistleitner Kisuule's First Circle Capital secures $6 million
Agnes Aistleitner Kisuule’s First Circle Capital raises $6 million to support African fintech founders.
Kenyan tycoon Peter Munga in $30 billion coal dispute with Chinese investors
The rights to Kitui's Mui Basin coal blocks are the subject of a $30 billion coal dispute between Kenyan tycoon Peter Munga and Chinese investors.
Sankei Ole Kenga's Enkisoma lands $9.3 million to widen access to Kenya’s private schools
Enkisoma Africa and MyCredit are funding digital labs for 150 Kenyan schools, offering financing and full support to ease adoption.
Tanzanian billionaire Rostam Aziz cleared to build $124 million Mombasa LPG terminal
Kenya clears Rostam Aziz’s $124 million LPG terminal, paving the way for construction and new competition in Mombasa’s energy market.
Kenyan businessman Paul Ndung’u challenges SportPesa trademark transfer in new court fight
Paul Ndung’u returns to court, challenging the transfer of the SportPesa trademark and accusing former partners of arranging a fraudulent deal.
Kenyan tycoon Gideon Muriuki-led Co-op Bank to pay $45 million interim dividend
Co-op Bank, led by CEO Gideon Muriuki, plans a $45.4 million interim dividend after stronger nine-month earnings and rising assets across its network.
Mohamed Jaffer’s Bulkstream holds wheat over $1.1 million fees in Mombasa dispute
Bulkstream retains 1,514 tonnes of wheat in Mombasa over $1.1 million unpaid fees amid legal dispute with Ugandan importer.
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya infrastructure
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya’s infrastructure projects after meeting President William Ruto.
Naivas, controlled by Mauritian tycoon Arnaud Lagesse-led IBL, posts $19 million profit
Naivas, Kenya’s biggest retailer now led by Mauritius-based IBL Group, posted a 43% profit jump to $19 million in 2025 despite economic headwinds.
Kenyan banker James Mwangi-led Equity Group nine-month profit rises to $420 million
The solid performance reinforces the lender’s position among Africa’s most profitable financial services groups.
Kenyan tycoon Peter Munga’s wife stops Britam share sale
Kenyan court halts sale of 75 million Britam shares as Peter Munga’s wife claims joint ownership.
Kenyan tycoon David Langat eyes 2027 Governor bid in Nandi
Rift Valley tycoon David Langat says he may run for governor in 2027—likely in Nandi or Uasin Gishu—if grassroots support coalesces behind him.
Axian’s Hassanein Hiridjee seals $63 million deal for Kenya’s Wananchi
Axian Telecom agreed to acquire Wananchi Group for $63 million, adding enterprise fibre and connectivity assets in Kenya, Tanzania and Uganda.
Kenyan lawyer Desterio Oyatsi gains $6.7 million from NCBA stake surge
Oyatsi, who serves as the deputy group chairman of NCBA, owns 21.7 million units of the bank’s shares, representing a 1.32 percent stake in the lender.