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.
East Africa
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.
SpaceX, led by world’s richest man Elon Musk, launches satellite Internet service in Kenya
Starlink officially launched in Africa in 2022, with Musk claiming that the satellite Internet service provider will operate anywhere on Earth where it is legally permitted.
Aga Khan IV’s stake in Nairobi-based media group NMG skyrockets by $2.8 million
The bump in the market value of Aga Khan IV’s stake in NMG reflects investors’ growing confidence and interest in the Kenyan equity market.
Kenyan tycoon Ngugi Kiuna bolsters stake in BOC Kenya to counter takeover attempt
According to the report, Kiuna purchased an additional 93,826 shares in BOC Kenya, amounting to a value of Ksh7.2 million ($63,400).
Ugandan pharma tycoon Emmanuel Katongole’s CiplaQCIL stake plunges to less than $2 million
East Africa’s healthcare industry, Katongole, holds a significant 2.79-percent stake in CiplaQCIL.
5 companies owned by Kenya’s Merali family
Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.
Firm linked to Chris Kirubi’s heirs settles $2.4-million tax charge following Uganda’s tax law amendment
Centum RE is a prominent property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.