10 richest people on the Nairobi Securities Exchange in November 2023
According to the latest list, well-known Kenyan business figures like John Kimani, James Mwangi and Gideon Muriuki have taken a hit in their wealth so far this year.
East Africa
Wealthy Kenyan tycoon Andrew Ndegwa faces $1.3-million loss in 16 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.
Bank led by Kenyan banker James Mwangi injects $4.6 billion to drive African recovery and resilience
Mwangi, the managing director and CEO of Equity Group, shared details of this ambitious plan during a recent interview in Kenya.
Kenyan tycoon Arvinder Reel leads CFAO to dominate Kenya’s luxury car market
Reel’s leadership has been instrumental in the aggressive expansion of CFAO’s network of branches, dealerships, and authorized service centers across Kenya.
Kenyan tycoon Suresh Bhagwanji Shah loses $1.8 million from I&M Bank stake
Shah is credited with transforming I&M into one of East Africa’s leading banking groups.
Kenyan tycoon James Mwangi earns $1.4-million salary from Equity Group
Mwangi has played a key role in Equity Group’s expansion over the years, leading the expansion of the lender’s operations into multiple countries.
Mauritian tycoon Arnaud Lagesse’s IBL to invest $60 million in East African buyouts
The move signals IBL’s strategic commitment to the Kenyan market and its broader expansion into East Africa under the visionary leadership of Lagesse.
Ugandan tycoon Charles Mbire takes $2.3-million hit from MTN Uganda stake
The decline in the market value of Mbire’s MTN Uganda stake underscores the challenges faced by investors in the Ugandan market.
5 companies owned by Kenyan businessman John Kibunga Kimani
Billionaires.Africa has identified and tracked companies owned by Kimani.
7 companies owned by Kenyan businessman Sarbjit Singh Rai
Billionaires.Africa has identified and tracked various companies and assets linked to Rai.
7 companies owned by Kenyan tycoon Jaswant Singh Rai
Billionaires.Africa has identified and tracked companies owned by Rai.
Tanzanian billionaire Rostam Aziz explores energy and mining investment in Zambia
This strategic move further extends Aziz’s business interests across Southern Africa.
Bank led by Kenyan banker Rebecca Mbithi plans expansion with $62.1-million rights issue
Family Bank Limited is a commercial bank headquartered in Nairobi and led by Kenyan banker Rebecca Mbithi.
5 companies owned by Kenyan tycoon Vimal Shah
According to Forbes’ 2013 ranking of Africa’s wealthiest individuals, Shah, the chairman of Bidco Africa, had a net worth of $1.6 billion.
5 companies owned by Kenyan multimillionaire Narendra Raval
Billionaires.Africa has identified five companies owned by Raval.
African hoteliers at the helm as Dubai-based luxury travel firm expands into Kenya
Miftah Concierge is a Dubai-based luxury travel service provider co-founded and led by African hoteliers Oscar Kato and Pascaline Nkwe.