Kenyan banker Gideon Muriuki’s Co-op Bank posts record earnings, as profits exceed $130 million
Muriuki owns a two-percent stake in the leading financial services group.
East Africa
Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires staff, cuts allowances
Njonjo and Grant Brooke founded Twiga Foods in 2013.
Jit Bhattacharya-led BasiGo receives $6.6 million to kick-off EV assembly in Kenya
Bhattacharya and his friend Jonathan Green established BasiGo in 2021.
Kenyan tycoon Jimnah Mbaru has lost nearly $3 million this year from stake in Britam
Mbaru owns a substantial 7.72-percent stake in Britam Holdings.
Kenyan businessman James Mwangi donates $1 million to support families facing extreme hunger
Kenya is suffering from its worst drought in decades.
Wealthy Kenyatta family gains $11.6 million from stake in NCBA since start of 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Nairobi-based tycoon Kamal Budhabatti’s Little announces Naivas, Carrefour as new partners
Budhabhatti founded Little in collaboration with the telecom giant Safaricom in 2016.
Australian billionaire Andrew Forrest’s firm signs deal to build 300-MW fertilizer plant in Kenya
Forrest has a net worth of $16.7 billion.
Mauritian tycoon Arnaud Lagesse’s IBL rebounds after two difficult years
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group, or 114,369,469 shares.
Kenyan mogul John Kimani-linked NMG announces layoffs as restructuring commences
Kimani owns a significant 2.35-percent stake in NMG.
Kenyan billionaire families Moi, Rai secure court pardon in $8.2-million land battle
The Moi family is said to be Kenya’s second-largest landowner after the Kenyattas.
Kenyan sugar baron Jaswant Rai-linked firm seeks approval to set up $42.2-million factory
The Rai family is one of the wealthiest families in Kenya.
Kenyan billionaire James Mwangi’s stake in East Africa’s largest bank now worth $49 million
Kenyan billionaire Mwangi owns a sizable 3.38-percent stake in Equity Group.
Kenyan banker Gideon Muriuki gains $1 million as Co-operative Bank shares rebound
Muriuki owns a two-percent stake in the leading financial services group.
Mauritian tycoon Arnaud Mayer’s Evaco rebounds from losses, profit soars above $2 million in 2022
Mayer founded Evaco in 2001 as a real estate development company.
Kenyan tech tycoon Julius Mwale meets President Julius Bio to discuss interest in Sierra Leone
Mwale is the primary investor in Mwale Medical and Technology City.