Kenyan tycoon Baloobhai Patel finds loophole to avoid paying tax on Carbacid stake
Patel is a leading Kenyan tycoon and serial investor.
East Africa
Tribunal denies investors $4.1 million in lawsuit linked to retail chain led by Kenyan tycoon, Atul Shah
Nakumatt Holdings started facing serious financial difficulties in 2016.
This Kenyan entrepreneur built a fintech platform that has processed over $1 billion in transaction
Kageni Wilson belongs to a new breed of African entrepreneurs.
Wealthy Kenyan banker Suresh Bhagwanji Shah acquires Nairobi Business Park
Suresh Bhagwanji Shah is the founder of I&M Holdings.
Kenyan billionaire Shah family, other investors purchase Nairobi Business Park
The transaction’s value was not disclosed.
Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Kenyan multimillionaire banker James Mwangi sees $10.2-million loss in Equity Group stake
Mwangi owns a sizable 3.38-percent stake in Equity Group.
South African mogul Mark Lamberti’s Massmart to pay ex-workers $284 each in Kenya exit deal
Massmart was founded by Mark Lamberti more than three decades ago.
Meet Ugandan-based entrepreneur who secured $30 million in funding for his startup this year
Prior to founding Asaak, Sattar worked as a data scientist at LendingHome.
Nairobi-based tech tycoon Kamal Budhabatti launches ride-hailing service in Ghana
During the launch, Budhabatti highlighted the company’s commitment to customer safety.
This 27-year-old Kenyan entrepreneur recently raised $3.7 million in funding for her startup
Jihan Abass is shaking up the East African insurance market.
French billionaire Vincent Bollore’s group completes sale of African logistics arm to MSC
Bollore derives most of his wealth from his interest in Bollore Group.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M lends $16.2 million in green loans to MSMEs
I&M Bank Group was founded by Kenyan tycoon Suresh Bhagwanji Shah in 1974.
Bank linked to Tanzanian billionaire brothers partners with IFC for financial inclusion in East Africa
CRDB Bank is owned in part by Aunali and Sajjad Rajabali.
Meet the four Black athletes on Forbes’ top 10 highest-paid athletes list
This year’s top 10 highest-paid athletes earned a total of $992 million.
Ugandan magnate Patrick Bitature seeks gov’t bailout through power plant sale
Bitature is the group CEO of Simba Group.