Tanzanian tech entrepreneur Joseph Rutakangwa leads U.S.-based startup to raise $4 million in funding
Rutakangwa is empowering companies to broaden their horizons and augment their revenue.
East Africa
Equity Bank battles Kenyan tycoon Paul Ndung’u over $4.5-million loan
Ndung’u is one of Kenya’s richest men.
Mo Dewji retains position as East Africa’s richest billionaire amidst turbulent global market
Dewji has skillfully translated his entrepreneurial zeal into a multibillion-dollar empire.
Tanzanian multimillionaire Rajabali brothers gain $2.72 million from stake in CRDB Bank
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank, a Dar es Salaam-based lender.
Led by Mauritian mogul Arnaud Lagesse, IBL Group acquires stake in Equator Energy
Lagesse is CEO of IBL Group, one of the largest conglomerates in Mauritius.
Led by Kenya’s richest families, NCBA Group beats profit expectations, rakes in over $100 million
NCBA Group is a financial services conglomerate controlled by some of Kenya’s wealthiest families.
7 companies owned by Tanzanian billionaire Rostam Aziz
Aziz is one of the richest businessmen in East Africa.
Kenyan multimillionaire banker James Mwangi to pocket $3.87 million in dividends from Equity Group
Mwangi holds a 3.38-percent stake in Equity Group.
Kenyan banker James Mwangi’s Equity Group smashes records, surpasses $350-million profit in 2022
Equity Group Holdings is a leading financial services group.
Dar es Salaam-based tycoon Hans Macha rakes in $1.2 million in three months from stake in CRDB
Macha owns 1.9 percent of CRDB Bank.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M pockets $3.4 million in dividends from Mauritius-based subsidiary
Since its founding in 1974, I&M has grown into one of the leading financial services groups in East Africa.
Meet Nairobi-based entrepreneur who is disrupting Africa’s transport sector with his innovative startup
Under Bhattacharya, BasiGo has received $10.9 million in funding for BasiGo.
Kenyan businessman John Kimani-linked Kakuzi posts $6.4 million in profit in 2022
Kimani holds a substantial interest in Kakuzi, amounting to 34.54 percent, or 6,762,133 shares.
Mauritian tycoon Arnaud Mayer’s Evaco surpasses $9 million in revenue in H1 2023
Mayer founded Evaco Group as a real estate development company in 2001.
Kenyan businessman Baloobhai Patel acquires additional $1.38-million stake in Co-op Bank
Patel has solidified his position as a major player in the Kenyan financial sector with his latest acquisition.
Kenyan tycoon Gideon Muriuki-linked insurance firm CIC Group reaches record profits of $8 million in 2022
Muriuki is expected to receive $136,800 from his stake in CIC Insurance Group.