Tewodros Ashenafi: Energy mogul behind one of Ethiopia's leading oil companies
SouthWest Energy (SWE), which Ashenafi founded in 2005, has become Ethiopia’s leading indigenous oil and gas exploration and production company.
East Africa
Tanzania’s richest man reveals crypto scammers hacked his X account after token collapse
According to Mohammed Dewji, the breach occurred between Feb. 5 at 4:00 PM and Feb. 6 at 2:00 AM.
Aga Khan IV, spiritual leader and business visionary, dies at 88
Aga Khan’s investments shaped East Africa’s media, banking, and hospitality sectors.
Ugandan tycoon Charles Mbire sees $3.65 million loss on MTN Uganda shares
Mbire saw the market value of his holdings drop from $70.57 million on Jan. 15 to $66.92 million at the time of this report.
Sarbjit Singh Rai: Kenyan businessman leading East Africa’s industrial powerhouse
From expanding his family’s business empire to leading a multinational conglomerate, Sarbjit Singh Rai’s journey is one of strategic growth, resilience, and industry dominance.
Ally Edha Awadh: The Tanzanian entrepreneur behind Dar es Salaam-based Lake Group
From flipping burgers in Canada to leading one of East Africa’s largest energy conglomerates, Ally Edha Awadh’s journey is a story of vision, hard work, and adaptability.
Safaricom, led by Peter Ndegwa, seeks approval for Kenya’s first telco-owned submarine cable
The Nairobi-based telco company has applied to the Communications Authority of Kenya (CA) for a Submarine Cable Landing Rights Licence.
Africa’s richest man to gain indirect stake in Kenya’s largest fast-food chain after Actis sale
The deal, valued at an undisclosed amount, is awaiting approval from the COMESA Competition Commission.
10 assets owned by Kenya’s largest landholders, Kenyatta family
Driven by the vision for Kenya’s development, the Kenyattas have strategically invested in sectors crucial to the nation’s growth, from infrastructure to agriculture.
Meet Edha Nahdi: Tanzanian tycoon driving East Africa’s cement revolution
Nahdi’s crowning achievement is Amsons Group’s acquisition of Bamburi Cement, Kenya’s largest producer.
Tourist arrivals help Mauritian Lagesse family-controlled LUX Island post $12.5 million profit
This boost in profit comes alongside a 16 percent increase in revenue, which rose from $99.6 million to $115.7 million in the first half of the year.
Kenyan tycoon Suresh Bhagwanji Shah sees $3.1 million gain from I&M stake
The rise in I&M Group’s stock price highlights ongoing investor confidence and growing market interest.
Kenafric, led by Kenya’s Shah family, set for $100 million stake sale by private equity firms
The private equity firms have enlisted Nedbank Group to lead the sale process.
Directline Assurance files lawsuit against Kenyan media mogul Samuel Macharia
This is the latest development in the ongoing legal and business tussle between the media mogul and the Nairobi-based motor vehicle insurance company.
Sasini, backed by Kenya’s Merali family, reports $4.3 million loss for 2024
Sasini has reported a full-year loss of $4.3 million for 2024, despite seeing a 20.55% increase in revenue and a 54.52% growth in assets.
MTN shares earn Ugandan executive $2.4 million in first 10 days of 2025
Ugandan executive Charles Mbire's MTN Uganda stake adds $2.4 million, reaching a record-high valuation of nearly $70 million.