Sam Darwish's IHS completes $274 million sale of Rwanda operations
IHS Towers, led by Sam Darwish, has sold its Rwandan operations to Paradigm Tower Ventures for $274.5 million, refining its African focus.
East Africa
Baloobhai Patel’s Aksaya to build Marriott-branded hotel at Nairobi Airport
Baloobhai Patel’s Aksaya Estates partners with Marriott to open a Courtyard hotel at Nairobi Airport, expanding luxury hospitality in Kenya.
IBL Group, led by Arnaud Lagesse, completes $117 million AfrAsia Bank stake sale
Mauritian tycoon Arnaud Lagesse’s IBL Group sells a $117 million AfrAsia Bank stake to Access Holdings to rebalance investments.
Canadian financier Charles Field-Marsham, who founded Kenya’s top investment bank, exits in management buyout
Canadian banker-entrepreneur Charles Field-Marsham exits Kestrel Capital via a management buyout, capping three decades of market-building and leaving the firm to a Kenyan investor group.
Tribunal resets control of Directline, impacting Kenyan media mogul SK Macharia
Tribunal resets Directline control, impacting SK Macharia and reinstating the insurer’s February 2023 ownership structure.
Mombasa tycoon Mohamed Jaffer faces new court battle over held wheat imports
Mohamed Jaffer’s Bulkstream Limited sued by Pan Afric Commodities over 1,514 tonnes of wheat held at Mombasa Port.
Madagascar’s second richest man says Africa’s growth will come from informal sector
Hassanein Hiridjee, CEO of Axian Group and Madagascar’s second richest man, says Africa’s economic future depends on empowering millions of small informal businesses with access to clean energy and fairer financing.
Peter Ndegwa-led Safaricom invests $777 million in Kenyan suppliers
Safaricom, led by Peter Ndegwa, invested $777.6 million in Kenyan suppliers in 2025, strengthening local enterprises, jobs, and sustainable economic growth.
How Kenyan billionaire Abu Joho built a port empire—and why the courts are pushing back
Abu Joho’s port empire, built on political ties and logistics power, is under siege as courts, rivals and reforms reshape Kenya’s vital Mombasa trade hub.
Nairobi-based entrepreneur Farouk Ramji drives Mawingu to $20m funding success
Mawingu Networks raises $20 million from Pembani Remgro to expand affordable internet across Kenya and Tanzania under CEO Farouk Ramji.
Tanzanian businessman Ally Awadh secures slice of Kenya’s cooking gas market
Tanzanian businessman Ally Awadh’s Lake Gas gains 2 percent of Kenya’s cooking gas market with a new $60 million terminal in Vipingo.
CRDB Bank, led by Tanzanian banker Abdulmajid Nsekela, secures $200 million loan
CRDB Bank, led by Tanzanian banker Abdulmajid Nsekela, secured a $200 million syndicated loan after record investor demand surpassed expectations.
Mukuha family's Naivas becomes Kenya’s first retailer to reach 110 stores
Naivas, Kenya’s top homegrown retailer, has opened its 110th store in Kiambu, marking 35 years of steady growth and reaffirming its market leadership.
Tanzania moves to seize tea assets from Africa’s youngest billionaire Mo Dewji
Facing political and financial pressure, Tanzania moves to seize MeTL’s tea assets in a high-stakes showdown with Africa’s youngest billionaire.
Kenyan investor Baloobhai Patel buys more Absa Bank shares worth $4.8 million
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.
Ugandan multimillionaire Patrick Bitature gets temporary relief in $10 million loan fight
Uganda’s top court paused enforcement of a $10 million award against businessman Patrick Bitature, giving him temporary relief in his long-running loan dispute.