Kenyan banker Gideon Muriuki’s Co-op Bank records nearly $170 million in profit in 2022
Co-operative Bank Group is a Nairobi-based financial services group.
East Africa
Ugandan tycoon Emmanuel Katongole’s CiplaQCIL set to sell majority stake to Africa Capitalworks
Katongole owns a 2.79-percent equity stake in the Uganda-based pharmaceutical company.
Tech billionaire Olugbenga Agboola’s Flutterwave secures electronic money issuer and remittance licenses in Rwanda
The licenses will enable the fintech firm to provide a more comprehensive range of financial services.
Ugandan tycoon Ham Serunjogi’s Chipper Cash is reportedly considering a sale
Chipper Cash is a cross-border payment platform co-founded by Serunjogi.
Meet Paul Kimani, Kenyan entrepreneur whose HR startup processes over $200 million in payroll value annually
Success for Kimani means paving the way for the next generation of African entrepreneurs.
Kenyan banking mogul James Mwangi suffers $3.8 million loss in just 60 days
The recent drop in Mwangi’s stake has pared his earlier gains this year to a loss of nearly $1.5 million.
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi, settles $17.8-million debt
Centum Investments is partly owned by Robert Kirubi and Mary-Ann Musangi, heirs to the late Chris Kirubi’s multimillion-dollar business empire.
Meet Kagure Wamunyu: 34-year-old Kenyan entrepreneur disrupting East Africa’s construction industry
Wamunyu founded Jumba in 2022.
Ugandan tycoon Charles Mbire’s MTN Uganda beats profit expectations, rakes in over $100 million
Mbire is the wealthiest investor on the Uganda Stock Exchange.
Family of late Kenyan tycoon Naushad Merali rakes in $2.33 million in single day from Sasini Tea stake
The Merali family is the majority shareholder of Sasini.
Kenyan tycoon Baloobhai Patel’s Carbacid smashes expectations with $3.2-million profit in 2022
Patel owns a 49.9-percent stake in Carbacid Investments Limited.
Kenyan businessman Paul Ndung’u lists prime Nairobi property for sale
Ndung’u is a prominent Kenyan businessman and shareholder in Pevans East Africa.
Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA
Ndegwa owns 4.3 percent of NCBA Group, making him one of the bank’s most significant shareholders.
Kenyan banker Gideon Muriuki’s Co-op Bank secures $100 million from global investors
Muriuki holds a two-percent stake in the leading financial services group.
Tanzanian billionaire Rostam Aziz pledges cheaper cooking gas amid $2.3-billion plant launch
Aziz was named the first dollar billionaire in Tanzania by Forbes in 2013.
Kenyan tech entrepreneur Paul Kimani takes startup to new heights with $2.7-million pre-Series-A funding
Kimani’s journey with Workpay is an inspiring example of how African tech startups can make a global impact.