NCBA, Kenyan lender linked to Kenya’s richest families, increases loan interest rate
NCBA Group is partially owned by some of Kenya’s wealthiest families, including the Kenyatta, Merali, and Ndegwa families.
East Africa
Kenya’s wealthy Mukuha family eyes $41.7-million deal valuing Naivas at $379 million
Once the deal is finalized, it will mark the third time the super-rich Mukuha family has divested part of their stake in Naivas.
James Mwangi-led Equity Group initiates loan price increase, a first in Kenya
Under Mwangi, Equity Group has played a key role in the growth and transformation of Kenya’s financial services industry.
Founded by Nairobi-based entrepreneur, startup bags $20 million in funding from UK investor
MyDawa, under Nairobi-based entrepreneur O’Leary, has evolved from an e-pharmacy to an all-in-one health platform.
Absa Kenya linked to Kenyan tycoon Baloobhai Patel secures $50-million loan from parent firm
Patel, who is known for his investments in various sectors, holds a significant stake in Absa Bank Kenya.
Startup led by Kenya-born American entrepreneur secures $40 million to build Sub-Saharan Africa’s largest mini-grid
This will enable Nuru, under the leadership of Shaw, to undertake ambitious new projects.
10 companies owned by Africa’s youngest billionaire, Mohammed Dewji
These are the 10 most important assets owned by Dewji, the CEO of MeTL.
Mauritian tycoon Arnaud Lagesse’s IBL invests in Mambo Retail to acquire stake in Naivas
Arnaud Lagesse, alongside his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, holds a 16.8-percent joint stake in IBL.
NMG distributes $2-million dividend to Kenyan tycoon John Kimani and other shareholders
Among the beneficiaries of this remarkable dividend payout, John Kimani, one of Kenya’s wealthiest investors, will receive $83,300.
Kenyan tycoon Suresh Bhagwanji Shah loses $4.95 million amid I&M Bank’s share-price nosedive
Shah holds a beneficial stake of 10.98 percent, consolidating his position as a major stakeholder in the company.
Kenyan tycoon Ronald Karauri’s Sportpesa commits $260,000 to support Kenyan Rugby
Karauri emphasized that SportPesa is committed to the long-term development of rugby in Kenya.
The 10 richest Tanzanians on the Dar es Salaam Stock Exchange
Billionaires.Africa presents its ranking of the 10 richest investors on the Dar es Salaam Stock Exchange in 2023.
The 7 richest people on the Uganda Securities Exchange
Billionaires.Africa presents its ranking of the seven richest investors on the Uganda Securities Exchange in 2023.
The 10 richest people on the Nairobi Securities Exchange in 2023
Billionaires.Africa presents its ranking of the 10 richest investors on the Nairobi Securities Exchange in 2023.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Late Kenyan tycoon Naushad Merali’s family’s stake in Sasini Tea surpasses $30-million mark
With their remarkable gains in the stock market and increased profitability, the Merali family continues strengthening their financial standing.