Centum, linked to Chris Kirubi’s heirs, acquires 4.64 million shares under share buyback program
The late Kirubi, a prominent Kenyan tycoon and serial investor, owned a 31-percent stake in Centum Investments before his passing in 2021 at 80.
East Africa
Tanzanian gold magnate Ketan Patel suffers $2.3-million loss as Shanta Gold shares retreat
Patel, the founder of the Tanzania-based mining company, presently holds a 4.22-percent stake in Shanta Gold, or 44,274,017 ordinary shares.
Kenya’s Mukuha family-owned Naivas to open two new branches within a month
Naivas International was established in 1990 by the late Kenyan tycoon Peter Mukuha Kago.
Kenyan tycoon James Mwangi-led Equity Group partners with Schneider to power 1 million households in DRC
Mwangi revealed that the collaboration aims to ensure energy becomes a fundamental right for the people of the DRC.
Kenyan tycoon John Kimani’s Kakuzi stake tanks, losing $1.6 million in two days
Despite this setback, Kimani retains his position as one of the wealthiest investors on the Nairobi Securities Exchange.
7 companies owned by Baloobhai Patel, one of Kenya’s richest investors
In a bid to ensure a strong legacy for his family’s wealth and investments, Patel has initiated a comprehensive restructuring process to consolidate his equity positions.
Kenyan tycoon James Mwangi-led Equity Group pours $511 million into social impact initiatives
In the recently presented 2022 Sustainability Report, Mwangi, the group CEO, highlighted the organization’s dedication to prioritizing people over profits.
Kenyan retail tycoon Atul Shah receives green light to pursue refund case against Imperial Bank
Shah is the former managing director and CEO of Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets.
Kenya’s Ndegwa family bolsters position as largest shareholder in NCBA Group with new $2.2 million shares
The Ndegwa family’s continuous investment in NCBA Group reflects their belief in the institution’s potential for growth and success.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom becomes majority owner of ‘Free in Senegal’
Under Hiridjee, AXIAN Telecom has achieved remarkable growth through active acquisitions and substantial network investments since 2015.
Wealthy Kenyan businessman Andrew Ndegwa loses more than $1 million in 87 days
As a director on the board of the financial services giant, Ndegwa holds a significant 4.3-percent stake in NCBA Group.
Mauritian tycoon Arnaud Dalias loses more than $1 million in 20 days
Despite this recent setback, Dalais remains one of the most affluent CEOs in Mauritius and East Africa.
5 companies NBA star Giannis Antetokounmpo owns
Through his holding company Ante, Inc., Milwaukee Bucks star Giannis Antetokounmpo has interests in retail, food, sport teams and mutual funds.
6 companies owned by Tanzanian multimillionaire Seif Ali Seif
Through Super Group, Tanzanian tycoon Seif Ali Seif has interests in automobile manufacturing, logistics and sugar production.
Kenyan investment banker Jimnah Mbaru gains $1 million in 74 days
As a non-executive director on Britam Holdings’ board, Mbaru holds a beneficial stake of 130,000,000 shares in the company.
Tanzanian multimillionaire Seif Ali Seif to acquire South Africa’s Tongaat Hulett
Ali Seif and his family are the beneficial owners of Kagera Sugar Group which is a subsidiary of the their conglomerate, Super Group.