$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.
East Africa
Kenyan businessman Peter Muthoka sells his cargo handling company for $40.1 million
Kenya cleared Celebi’s purchase of a JKIA cargo handler in a $40.1 million deal that reshapes Nairobi’s freight business.
Nedbank offers $856 million for control of Kenya’s NCBA as big shareholders line up for payout
Nedbank offers $856 million for control of Kenya’s NCBA, signaling a regional banking shakeup and a likely payday for top shareholders.
Kenyan billionaire Rasik Kantaria's FMB Capital stake slips below $1 billion
Kenyan billionaire Rasik Kantaria sees FMB Capital stake fall below $1 billion after share gains cool.
Kenyan investor Baloobhai Patel buys additional Absa stake worth $1.3 million
Baloobhai Patel boosts his Absa Bank Kenya holding by $1.3 million, raising his stake to 100 million shares amid strong profits.
Co-op Bank Kenya CEO Gideon Muriuki acquires additional shares worth $1.2 million
Co-op Bank CEO Gideon Muriuki bought 5.5 million more shares worth Sh148 million, lifting his stake to 2.3% as dividends rise.
Mauritius-based businessman Antoine Delaporte's Adenia Partners set to receive up to $30 million from IFC
Adenia Partners will receive up to $30 million from IFC to back growth-stage African businesses across key sectors.
I&M, founded by Suresh Bhagwanji Shah, raises Tanzania stake to 95 percent
I&M Holdings, founded by Suresh Bhagwanji Shah, lifts its Tanzania unit stake to 95 percent as it deepens regional expansion.
Toby Selman’s Africa Logistics Properties cleared to list dollar-denominated REIT in Nairobi
Africa Logistics Properties secures approval to list East Africa’s first U.S. dollar industrial REIT on the Nairobi Securities Exchange.
Tanzanian billionaire Said Bakhresa adds Malawi soap factory after $100 million soya plant
Said Bakhresa is expanding manufacturing in Malawi with a new soap factory, months after launching a 100 million dollar soya plant.
Meet the Kenyan beer tycoon challenging Diageo's $2.3 billion EABL sale to Asahi
Peter Burugu built a beer distribution empire after leaving EABL. Now he is in court, trying to stall Diageo’s $2.3 billion exit.
Malawi’s richest man Hitesh Anadkat gains $1.69 billion from FMB Capital in 2025
Malawi’s richest man Hitesh Anadkat gains $1.69 billion as FMB Capital shares climb 475 percent in 2025.
Tanzanian billionaire Rostam Aziz to invest $500 million in Zambia’s energy sector
Rostam Aziz’s Taifa Group plans to invest over $500 million in Zambia, targeting gas, solar power and mining to ease energy gaps.
Three billionaires emerge on Malawi Stock Exchange in 2025
Three billionaires emerged on the Malawi Stock Exchange in 2025 after banking stocks surged and long-held stakes crossed the billion-dollar mark.
Tanzanian billionaire Rostam Aziz clears legal hurdle for Mombasa LPG terminal
Rostam Aziz clears legal hurdle for $130.5 million Mombasa LPG terminal, boosting Kenya's regional energy supply.
Kenyan businessman Julius Mwale halts contractor payment with deposit
Kenyan businessman Julius Mwale pauses contractor payment with $132,400 deposit while appealing a road dispute at MMTC.