Kenya’s richest banker James Mwangi faces $11.7-million loss in Equity Group investment
Mwangi has played a pivotal role in Equity Group’s expansion.
East Africa
Tanzanian billionaire Rostam Azizi’s mining firm acquires 50-percent stake in Williamson Diamonds
Azizi, chairman of Taifa Mining, lauded the deal as a significant milestone for the company.
Kenyan tycoon Narendra Raval’s cement company signs $200-million export deal
Under Raval, the chairman of Devki Group, Simba Cement has been actively pursuing strategic growth initiatives.
Led by Kenyan banker Nasim Devji, DTB posts impressive Q1 profits of over $17 million
Diamond Trust Bank Group reports impressive Q1 profit surge of more than $17 million, led by Devji.
Patrick Bitature’s Simba Telecom unveils new tech products, powering Uganda’s digital revolution
Simba Telecom is a Kampala-based telecom enterprise.
Kenyan business mogul Peter Munga loses $1 million as Britam’s share price plummets
Munga holds a substantial 72 million shares in Britam Holdings.
Kenyan steel tycoon Narendra Raval invests $1.9 million in wind farm project in Kenya
Raval’s steel firm ventures into renewable energy with an ambitious $1.9-million wind farm project.
Bank linked to Tanzanian billionaire brothers eyes expansion into three African countries
The Rajabali brothers, considered two of Tanzania’s richest individuals, own a combined 2.6-percent stake in CRDB Bank.
Meet Joseph Rutakangwa, Tanzanian entrepreneur revolutionizing market intelligence in Africa
Rutakangwa’s entrepreneurial journey and the success of Rwazi highlight the transformative power of technology.
Kenyan tycoon Narendra Raval’s Devki Group to build cement plant
Raval founded Devki Group in Nairobi in 1986 as a small steel-processing and trade enterprise.
Uganda’s richest investor Charles Mbire loses $3.6 million as MTN Uganda shares slide
Mbire, the wealthiest investor on the Uganda Stock Exchange. loses $3.6 million as MTN Uganda’s stock price takes a hit.
Jit Bhattacharya’s BasiGo to roll out 16 EV charging stations in Nairobi
The announcement was made during the launch of the firm’s first-ever public charging station in Nairobi.
Kenya’s Ndegwa family overtakes Kenyattas, takes center stage as NCBA’s top shareholder
The Ndegwa family has strengthens its position in NCBA Group.
From family business to multinational empire: Introducing Ylias Akbaraly, Madagascar’s richest man
Akbaraly’s journey from humble beginnings to global empowerment.
Kenya’s Merali family sells 35-percent stake in Nairobi-based batteries distributor
While the aggregate consideration remains undisclosed, the Naushad Merali family received a premium above the market price.
Owned by Kenya’s Mukuha family, Naivas rakes in $15.2-million profit in 9M 2023
The leadership of the Mukuha family has played a pivotal role in the company’s growth.