Kenyan beverage tycoon Kimani Rugendo seeks Supreme Court lifeline in Malindi land battle
Kevian chairman Kimani Rugendo wants the Supreme Court to weigh a retrial order he says could reshape how long running land cases are handled.
East Africa
Kenyan banker James Mwangi hit with security order in $7.8 million land fight
Court of Appeal blocks James Mwangi’s bid to halt a Sh1 billion land judgment, orders Sh10 million security and freezes dealings on the Muthaiga plot.
Kenyan billionaire Narendra Raval's Devki Group wins local approval to start Kishushe mining in Taita Taveta county
Shareholders at Kishushe Ranch in Kenya’s Taita Taveta county unanimously approved Devki Group’s mining plans, with officials promising jobs and road upgrades.
Kenya clears Tanzanian billionaire Edha Nahdi’s bid for NSSF stake in East African Portland Cement, but orders 18 months of job protection
Kenya’s competition watchdog cleared Amsons executive Edha Nahdi’s firm to buy NSSF’s Portland Cement stake, with an 18 month job lock.
Tanzanian billionaire Bakhresa tells young entrepreneurs to stay patient as he reflects on journey
Billionaire industrialist Said Salim Bakhresa tells young founders to be patient and persistent, describing a path from street food sales to a regional group.
Hassanein Hiridjee pushes Axian deeper into finance with VIA Assurance launch in Madagascar
Axian chief Hassanein Hiridjee has launched VIA Assurance in Madagascar, betting that simpler products and faster service can grow a thin insurance market.
UK court orders SportPesa co founder Paul Ndung’u to pay $2.9 million in costs as ownership fight drags on
A London judge ordered Paul Ndung’u to pay Sh374 million in interim costs after rejecting key claims in his SportPesa ownership dispute.
Kenyan businesswoman Mary Wambui fights hotel auction as bank looks to recover $62 million
Mary Wambui Mungai is fighting a planned auction of her Nairobi luxury hotel as Equity Bank pursues a disputed Sh8 billion debt.
Luxury hotel operator controlled by Mauritian Lagesse family posts $127 million half-year revenue
LUX Island Resorts posts $127 million half-year revenue as tourist arrivals boost occupancy and profits across Indian Ocean resorts.
Tanzanian billionaire Edha Nahdi's Amsons Group to inject $201.7 million into East Africa Portland Cement in bid to quadruple output
Amsons Group will inject Sh25.8bn ($201.7m) into East Africa Portland Cement, aiming to lift output to 4 million tonnes within three years.
Saudi-Ethiopian billionaire Mohammed Al Amoudi lines up $80 million IFC loan for Sheraton Addis refurbishment
IFC is weighing an $80m loan to refurbish Sheraton Addis, backing Mohammed Al Amoudi’s MIDROC as Ethiopia pushes conference tourism.
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.
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.