Kenya’s Merali family rakes in $5.4 million from stake in Sasini Tea
The recent gain solidifies the Merali family’s position as one of the wealthiest families in East Africa.
East Africa
Kenyan businessman Andrew Ndegwa gains $3 million in 26 days
Ndegwa owns 4.3 percent of NCBA Group.
Uganda’s richest man Sudhir Ruparelia demands $8.66 million in rent arrears from dfcu Bank
Uganda’s richest man with a $1.1-billion net worth in 2012, Ruparelia is the chairman and founder of The Ruparelia Group.
James Mwangi’s Equity Group invests $76.7 million in Congo unit
By increasing its investment in DR Congo, the Mwangi-led group aims to solidify its position as a key player in the region.
Jimnah Mbaru, one of Kenya’s richest investors, faces $3.2-million loss
Mbaru holds a 7.72-percent stake in Britam Holdings.
Kenyan tycoon Narendra Raval pays $6.7 million a month to keep lights on
Raval disclosed that his company’s monthly outgoings tally up to about $14.9 million.
Rostam Aziz’s gas plant in Kenya stirs interest as 13 firms seek EPRA approval
Thirteen firms are vying for licenses to build berths for handling gas imports in Kenya, two months after Aziz was granted a license.
Kenyan tycoon James Mwangi gains $7.28 million in 18 days from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
Kenyan businessman John Kimani-linked Kakuzi creates 188 new jobs in 2022
Kakuzi Plc is an agricultural cultivation and manufacturing firm.
John Kimani-linked NMG set to reward shareholders with $2.14 million in dividends
Kimani owns a significant 2.35-percent stake in Nation Media Group.
Led by Kenya’s richest families, NCBA pours $26 million into regional units
NCBA Group is partially owned by some of Kenya’s richest families.
Gold magnate Ketan Patel gains $1.17 million from stake in Tanzania-based miner
Patel presently holds a 4.22-percent stake in the Tanzania-based mining company.
Led by Mauritian businessman Jean Ribet, BMH posts $5.8 million in profit
Ribet owns a 3.32-percent stake in BMH Limited.
Ugandan tycoon Patrick Bitature’s Simba Telecom ventures into East Africa’s booming solar energy market
Simba Telecom is a leading telecommunications enterprise.
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.
Equity Bank battles Kenyan tycoon Paul Ndung’u over $4.5-million loan
Ndung’u is one of Kenya’s richest men.