Jaswant Rai wins 30-year lease to operate troubled Kenyan sugar factory
Kenyan businessman wins 30-year lease to operate Nzoia Sugar Factory, advancing Kenya’s privatization drive to revive its struggling sugar sector.
East Africa
15 richest people in Uganda
Uganda's wealthiest drive growth through real estate, finance, and manufacturing, shaping the nation's rise as East Africa’s emerging private sector hub.
Top 10 richest women in Kenya
Kenya’s wealthiest women are forging cross-sector empires, driving East Africa’s economic growth through strategic leadership and investments in finance, real estate, agriculture, and manufacturing.
NCBA, backed by Kenya’s richest families, earns $2.1 million from AIG sale
NCBA Group earned $2.1 million from its full acquisition of AIG Kenya, boosting its financial services footprint and expanding long-term customer value.
Baloobhai Patel acquires $1.2 million more shares in Absa Kenya
Baloobhai Patel ups Absa Kenya stake by $1.2 million, showing confidence in lender's growth as bank posts strong profit despite tough macro conditions.
Rajiv Ruparelia, only son of Uganda’s richest man, dies in car crash
Rajiv was driving a high-performance Nissan GTR along the Kajjansi – Munyonyo Road near the Busabala Flyover junction when the crash occurred.
Centum, backed by Kirubi family, leads East Africa’s urban shift
Heading into its 2026 fiscal year, the company has firmly established itself as a major force in shaping the future of cities in Kenya and Uganda.
Heirs of Peter Mukuha Kago in fresh feud over Naivas
Heirs of the late Naivas founder, Peter Mukuha Kago, are at odds once again, questioning the fairness of the judiciary in their ongoing dispute over the multi-billion-shilling estate.
Edha Nahdi's Bamburi Cement launches concrete plant in Mombasa
Bamburi Cement, now owned by Edha Nahdi’s Amsons Group, has launched a new concrete plant in Mombasa to meet rising demand and fuel its recovery.
Manu Chandaria: Kenyan industrialist behind billion-dollar conglomerate
At 96, Chandaria is still at the helm, guiding Comcraft into its next phase with plans to take key subsidiaries public.
Peter Ndegwa leads Safaricom’s $300 million M-PESA upgrade
Peter Ndegwa said the upgrade will strengthen M-PESA’s backbone, making it more resilient and prepared for the future.
Peter Munga reclaims Equity Group stake with $1.3 million new shares
The move boosts his direct stake in East Africa’s largest lender at a time when the bank continues to post strong results and maintain its market dominance.
Ngugi Kiuna’s BOC Kenya eyes growth after Carbacid's failed deal
BOC Kenya, led by Ngugi Kiuna, targets independent growth after the collapse of its acquisition deal with Carbacid, refocusing on market expansion.
Peter Munga loses bid to block Britam shares auction over $3.35 million loan
The bank seeks to recover $3.35 million in loans owed by Equatorial Nut Processors, controlled by Munga.
Edha Nahdi's recently acquired Bamburi Cement posts $7 million loss
Bamburi Cement, recently acquired by Tanzania’s Amsons Group, reported a $7 million net loss in 2024, driven by forex losses from the sale of its Ugandan unit.
Edha Nahdi talks $380 million cement expansion with Kenya’s president
The $380 million investment will boost Kenya’s manufacturing, create jobs, and support AfCTA goals.