Kenyan multimillionaire Peter Munga faces auction of properties over unpaid debts
This marks the latest chapter in Munga’s ongoing struggle with debt, which has seen him narrowly escape property auctions in the past.
East Africa
Bank owned by Kenya’s richest families expands to Migori, targeting East African traders
NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
Ugandan tycoon denies plans to pay Burna Boy $1 million for stadium opening
The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper Tuko.
Aga Khan IV gains $4.5 million from Nairobi-based insurer Jubilee Holdings
This remarkable increase in the market value of his share further solidifies Aga Khan IV’s position as the richest investor on the Nairobi Securities Exchange.
Bank led by Kenyan tycoon James Mwangi partners with MasterCard to expand cross-border payments
Under the visionary leadership of Mwangi, Equity Group has emerged as a dominant force in East and Central Africa.
Burna Boy to earn up to $1 million as headliner for Uganda’s new stadium opening
Burna Boy, known for his electrifying performances, has become a sought-after international act, commanding fees ranging from $700,000 to $1 million.
10 companies owned by Tanzanian multimillionaire Said Bakhresa
Bakhresa, one of East Africa’s richest men, started his billion-dollar empire with a humble restaurant selling baked goods.
Kenya’s wealthy Merali family suffers $3.2-million loss from Sasini Tea stake
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.
Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya
Flutterwave CEO and Co-Founder, Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi.
5 companies owned by Andrew Musangi, CBK board chair nominee
Beyond his impressive career, Musangi wields significant influence in Kenya’s corporate landscape and owns stakes in some companies.
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.
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.