Tanzania’s richest man Mohammed Dewji secures land in Rwanda
Dewji is the visionary leader behind MeTL Group, a Tanzanian conglomerate with a diverse portfolio of more than 150 products.
East Africa
Kenyan billionaire heiress’ husband, Andrew Musangi, approved as CBK chair nominee
Musangi is the founder of Mukite Musangi & Company Advocates (MMC), a prominent Kenyan legal firm.
Andrew Musangi, husband of Kenyan billionaire heiress, unveils $8-million wealth
Musangi, the incoming Central Bank of Kenya (CBK) chair is the founder of Mukite Musangi & Company Advocates (MMC).
Kenyan banker Gideon Muriuki spends $1.2 million acquiring new Co-op bank shares
Muriuki had once held a two-percent stake in Co-op Bank, but after selling some shares in 2020, his stake had dropped to 1.75 percent.
Kenyan billionaire David Langat donates $1-million school to rural area
Langat envisions the school, dubbed the ACK Dr. David Langat School, as a self-reliant entity.
Kenyan tycoon John Kimani acquires additional 5.46 million shares in Centum
John Kimani’s recent acquisition reflects his continued commitment to expanding his investment portfolio in Kenya’s thriving business landscape.
Bank led by Kenyan tycoon Gideon Muriuki recoups $1.56-million loan from Centum unit
Muriuki owns a substantial two-percent stake in Co-operative Bank Group, translating to 117,471,300 ordinary shares.
Mauritian tycoon Hector Espitalier-Noel gains $1.9 million from stake in ENL
Espitalier-Noel owns a 9.92-percent stake in ENL Limited.
Firm linked to Kenyan tycoon Chris Kirubi’s heirs to secure $20-million loan from IFC
Centum Real Estate (Centum RE) is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
U.S. billionaire Jeff Bezos pledges $22.8 million to land restoration efforts in Africa
This move by Bezos and The Bezos Earth Fund follows their announcement in October 2022, outlining plans to collaborate with African and European nations.
Africa’s youngest billionaire to invest $100 million in four Rwandan firms
Dewji, whose net worth stands at $1.5 billion according to Forbes is Tanzania’s wealthiest man and the youngest billionaire on the continent.
Firm linked to Chris Kirubi’s heirs grants $1.3 million in loans to Kenyan civil servants
Centum Investment is an East African-focused investment firm controlled by the family of the late Kenyan tycoon Chris Kirubi.
Kenyan tycoon James Mwangi’s Equity Group investment loses $5.9 million
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
Insurance firm linked to Kenya’s Peter Munga achieves $11.2 million in H1 profit
Munga owns a significant stake in Britam Holdings, with 72 million shares, making him one of its largest shareholders.
Kenyan tycoon Suresh Bhagwanji Shah’s stake in I&M slumps by $1.2 million
Shah owns a beneficial 10.98-percent stake in I&M Bank Group, translating to 178,514,362 ordinary shares.
Malagasy tycoon Hassanein Hiridjee’s Axian raises $158.3 million from JP Morgan
Axian Telecom, a subsidiary of Hiridjee’s conglomerate, hopes to use the funds to support its operations in Tanzania and Madagascar.