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.
East Africa
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.
Agosta Liko’s Pesapal lands KCB investment, resetting Kenya’s payments race
KCB Group plans to take a minority stake in Pesapal, the payments company founded by Agosta Liko in 2009. The tie-up gives Kenya’s biggest bank a foothold in merchant acquiring and digital rails, while Pesapal gains capital and distribution to scale across hospitality, travel, and SME retail.
Kenyan businessman Peter Munga locked in $5 million share feud with wife
Kenya’s Peter Munga is in a $5 million legal fight with his wife over Britam shares tied to a bank loan dispute.
Multimillionaire Habib Kagimu backs farms and tourism, not oil, to power Uganda’s economy
Ugandan businessman and honorary consul Habib Kagimu argues the country’s most reliable growth lies in agriculture, tourism and tech—while oil remains optional upside.
Safaricom, led by Peter Ndegwa, unveils $232 million plan to overhaul Kenya’s education
Safaricom rolls out a $232 million plan to modernize education across Kenya with digital tools and training.
Kenyan industrialist and Pwani Oil founder, Naresh Malde, dies at 74
Naresh Malde, the Kenyan industrialist who built Pwani Oil into one of East Africa’s most trusted homegrown brands, has died in Mombasa at 74.
Kenyan real estate giant Lloyd Masika, Stanbic probed over suspicious valuation
Kenyan real-estate tycoon David Masika finds his firm Lloyd Masika Limited in legal limbo after a recent case exposed major valuation discrepancies and raises questions about due-diligence practices.
Kenyan tycoon TK Muya’s Family Bank secures nod to list in 2026
Family Bank, founded by Kenyan tycoon TK Muya, has secured shareholder approval to list on the Nairobi Securities Exchange in 2026.
Uganda's richest man Sudhir Ruparelia funds 100 scholarships in memory of late son
Ugandan businessman Sudhir Ruparelia and his wife, Jyotsna, launched 100 full scholarships at Victoria University under a bursary named for their late son, Rajiv, marking one of the largest single-year awards in the school’s history.
One of Kenya’s richest men, Jimi Wanjigi, urges end to boarding schools
Businessman and political figure Jimi Wanjigi says Kenya should phase out boarding schools, citing “traumatic” experiences for students and arguing the system must evolve. He backs a day-school approach aligned with ongoing education reforms.
Absa, led by Kenny Fihla, to acquire Standard Chartered Uganda’s retail, wealth business
Absa Bank Uganda, an arm of the banking group led by Kenny Fihla, will acquire Standard Chartered’s retail and wealth units to boost its footprint and retail reach in East Africa.
Madagascar business magnate Mamy Ravamatoga arrested in Mauritius
Mauritius detains Madagascar business magnate Mamy Ravatomanga over suspected money laundering and Boeing jet transfer to Iran.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa eyes AI, data centers to drive growth
Sunil Bharti Mittal’s Airtel Africa targets partnerships, AI, and data centers to strengthen the continent’s digital economy.