Kenyan entrepreneur Peter Njonjo’s firm acquires majority stake in Maisha MFB
Cactus Cantina is a wholly owned subsidiary of Shara Inc.
East Africa
Tanzanian tycoon Ally Awadh’s Lake Steel reveals plans to ramp up capacity
Under Awadh, Lake Group has become one of Africa’s fastest-growing energy, logistics, and construction supply material conglomerates.
James Mwangi’s Equity Group unveils plan to open 300 clinics across Kenya
The initiative is aimed at enhancing accessibility and affordability in the country’s healthcare sector.
Paul Ndung’u loses court battle to stop $4.8-million auction
The case was brought against Ndung’u by Equity Bank.
Kenyan tycoon Benson Wairegi loses $2.6 million in eight months
Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding.
Baloobhai Patel-linked Bamburi Cement sees profit dip below $2 million
In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement.
Kenyan multi-millionaire Mohammed Jaffer launches grain-handling and storage terminal in Nairobi
Jaffer’s company is one of Kenya’s largest largest providers of cargo handling services.
Kenyan healthcare tycoon Julius Mwale to expand hospital business to Botswana
Mwale is the founder of Mwale Medical and Technology City and Hamptons Hospital.
Kenyan tycoon Peter Munga takes $1.46-million hit from stake in Britam
Munga owns 72 million Britam shares.
Ugandan pharma tycoon Emmanuel Katongole’s stake in CiplaQCIL now worth $1.9 million
CiplaQCIL’s total assets have surpassed $64 million.
Kenyan tycoon John Kimani takes $3.2-million hit from Kakuzi stake
Despite the decrease in his stake, Kimani remains one of the richest investors on the Nairobi Securities Exchange.
James Mwangi’s Equity Group acquires $86-million stake in DRC unit
Mwangi has played a pivotal role in the lender’s expansion beyond Kenya.
Gideon Muriuki-linked CIC resumes repayment of $33.2 million loan
Muriuki holds the largest individual shareholder in CIC Group with a 5.27-percent stake.
Mauritian Lagesse family’s stake in IBL soars to new heights, gains $19.52 million
The multimillionaire Mauritian Lagesse family owns a 16.8-percent joint stake in IBL Limited.
Former SportPesa chair Paul Ndung’u faces jail time for contempt of court
Aside from his ownership interest in the SportPesa brand, Ndung’u owns a significant stake in Life Care Medics.
James Mwangi’s Equity Group creates more than 500 jobs in regional expansion drive
As the CEO and a significant shareholder in Equity Group, Mwangi has helped the lender expand operations beyond Kenya.