John Gachora made $1.4 million as CEO of NCBA Group last year
The total compensation for 2023 exceeded the previous year’s total reward of Ksh147.73 million ($1 million) by 25.75 percent.
East Africa
Safaricom contributes $7.6 billion to Kenyan economy
Kenya’s largest telecom operator reports significant job creation and social impact.
Equity Bank secures $20 million to boost financial access in Kenya’s refugee regions
The project is designed to enhance financial inclusion for small businesses and individuals in these marginalized areas.
Savannah Clinker gains edge in Bamburi Cement takeover after Amsons, Holcim pullout
Savannah Clinker's increased offer of Ksh76.55 ($0.59) per share values Bamburi at Ksh27.8 billion ($215.7 million), surpassing Amsons' earlier bid.
Acorn Holdings completes $21-million green bond repayment
This decision highlights Acorn's strong financial position and solidifies its leadership in Kenya's real estate market.
Suresh Bhagwanji Shah’s stake in I&M Group surges past $36 million
The recent rally in I&M Group's shares on the Nairobi Securities Exchange has significantly boosted Shah's fortune.
BasiGo secures $42 million to boost electric mobility across Sub-Saharan Africa
This investment includes $24 million in Series A equity funding and $17.5 million in debt financing.
Kenya's top banker gains $3 million in three weeks from Equity Group investment
Over the past 20 days, the market value of his stake has increased by Ksh396.21 million ($3.07 million), fueled by a robust stock performance on the NSE.
Heineken’s attempt to block $13.1-million payment to Kenyan tycoon Ngugi Kiuna fails
The court emphasized that the case revolved around the legitimacy of the termination notice, not constitutional interpretation.
Mauritius-based EAGH to acquire 86.5 million shares in I&M Group for $32.4 million
The transaction, valued at Ksh4.2 billion ($32.4 million), marks a significant shift in the region's banking landscape.
Safaricom expands M-PESA platform to Ethiopia, boosting regional financial inclusion
The move aims to strengthen regional financial inclusion and boost economic activity across borders.
Aga Khan IV's investment in Nairobi’s Jubilee Holdings gains $3.4 million
This follows an earlier loss of $3.52 million between April 16 and 26 when his holdings dropped from $40.78 million to $37.27 million.
NCBA opens new branch in Kenya to enhance banking services
NCBA Bank unveils a new branch to deepen local engagement and enhance financial inclusion in Kwale County of Kenya.
Mauritius-based CIEL records $109.3-million profit in 2024
This was fueled by disciplined cost management across the group’s business clusters, solidifying its standing as one of the largest and most profitable conglomerates in Mauritius.
Adani Energy signs $741-million power deal with Kenya amid controversy
This partnership is aimed at bolstering Kenya's power infrastructure and underscores Adani's expanding presence in Africa.
Adenia partners enters Egypt, strengthening African presence
This marks the firm’s eight location across the continent and underscores its commitment to responsible investing and sustainable development in Africa.