Kenyan tycoon Suresh Bhagwanji Shah’s stake in I&M Bank surges by $1.4 million in 29 days
The $1.45-million increase solidifies Shah’s position as one of the richest investors on the Nairobi Securities Exchange.
East Africa
7 companies owned by Tanzania’s first billionaire Rostam Aziz
Aziz, made history in 2013 when Forbes recognized him as the first Tanzanian to achieve a billion-dollar fortune.
7 companies owned by Kenya’s wealthy Kirubi family
Following his passing in 2021, Chris Kirubi’s son, Robert Kirubi, and daughter, Mary-Ann Musangi, inherited 80 percent of his vast fortune.
Dar es Salaam-based tycoon Hans Macha loses over $1 million in 84 days
Macha, ranked as one of the richest investors on the local bourse, owns 1.9 percent of CRDB Bank, equivalent to 32,764,200 shares.
Kenya’s Merali family faces $6 million blow in 2023 from Sasini Tea stake
With a 65.46-percent stake, Kenya’s Merali family holds the largest share in Sasini Tea.
Bank led by Kenyan tycoon Gideon Muriuki secures $100-million loan to empower small businesses in Kenya
Muriuki, the managing director of Co-op Bank, said the facility will empower to fulfil the financing requirements of MSMEs.
Firm linked to late Kenyan tycoon Chris Kirubi’s heirs posts $1.23 million in profit in 2023
Centum RE is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Kenyan tycoon Julius Mwale to build multimillion-dollar city in Congo
Mwale’s company, Mwale Medical and Technology City, is a $2-billion community-owned sustainable metropolis.
7 assets owned by struggling Kenyan tycoon David Langat
Langat is the owner of DL Group, a Kenyan conglomerate with interests in tea farming and exports, trading, real estate and hospitality.
7 companies owned by Tanzanian multimillionaire Ghalib Said Mohamed
Tanzanian multimillionaire Ghalib Said Mohamed is the chairman of GSM Group, one of East Africa’s most prosperous conglomerates.
Kenyan businessman John Kimani earns nearly $1.6 million from Kakuzi shares
Kimani owns 34.54 percent of Kakuzi, or 6,762,133 ordinary shares, in the agricultural cultivation and manufacturing company.
DRC unit of James Mwangi-led Equity Group secures $11 million from Proparco
Equity Group is a leading East and Central Africa financial services conglomerate.
Kenyan banking magnate Gideon Muriuki hit by $1.1 million in losses amid Co-op Bank share decline
The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
Ecobank moves to seize Nigerian tycoon Oba Otudeko’s FBN shares over $17-million debt
Otudeko, the largest shareholder of FBN Holdings, owes Ecobank more than $17 million.
Access Holdings, led by Nigerian tycoon Herbert Wigwe raises loan prices in Kenya
Access Bank Kenya is the Kenyan banking unit of Access Holdings, a financial services conglomerate.
Firm tied to Mauritian Lagesse family poised to become majority shareholder in Naivas, Kenya’s largest retailer
Mambo Retail is an investment vehicle linked to IBL Group, a prominent Mauritius conglomerate led by Mauritian tycoon Arnaud Lagesse.