Five dividend-paying shares owned by African billionaires you can buy
Investing in dividend-paying stocks can be a great way to generate passive income.
East Africa
Kenyan banking magnate Gideon Muriuki gains $1.4 million in six months
Muriuki derives the majority of his wealth from his two-percent stake in Co-operative Bank Group.
Tanzanian billionaire Mohammed Dewji, Kenyan president meet to advance economic partnership
Dewji is the CEO of MeTL, a diversified group.
Kenyan tycoon Julius Mwale discusses investing with 19 African presidents
He is also in talks with Senegal to build Africa’s longest bridge.
Mauritian tycoon Arnaud Lagesse’s IBL eyes new deal in East Africa
IBL is a renowned, multifaceted Mauritian conglomerate.
Centum, controlled by family of late tycoon Chris Kirubi, prepares to repay dollar-denominated loans
Kirubi passed away last year.
Controlled by Kenya’s richest families, NCBA Group lends Mauritian firm $10.7 million
NCBA’s loan to Grit now represents more than 2.27 percent of the real estate company’s overall debt.
Kenyan mogul Baloobhai Patel to restructure holdings in NSE-listed companies
The successful businessman also has stakes in Williamson Tea Kenya, Diamond Trust Bank Group, and Safaricom.
Kenyan businessman James Mwangi’s Equity, NCBA fight over $1.3-million property in Nairobi
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Kenyan Revenue Authority reopens Humphrey Kariuki’s firm, Africa Spirits
Kariuki is the founder of Janus Continental Group.
Nairobi-based tycoon Kamal Budhabatti’s Little to launch service in Ghana next week
Budhabatti co-founded Little with telecom giant Safaricom in 2016.
Late Kenyan businessman Chris Kirubi’s stake in Centum now worth $13.5 million
Following the demise of Chris Kirubi, his son Robert Kirubi and daughter Mary-Ann Musangi received 80 percent of his fortune.
Nairobi-based businesswoman Bente Krogmann’s mTek, Britam collaborate to protect SMEs from risk
mTek operates as a digital online insurance platform.
Ugandan tycoon Ham Serunjogi’s Chipper Cash lays off nearly 12.5 percent of staff
Chipper Cash is a cross-border payment platform.
James Mwangi-led Equity Group to pay KRA $91.6 million as corporate taxes in 9M 2022
Equity Group is the largest financial services conglomerate in East Africa.
Widow of late Tanzanian billionaire Reginald Mengi suffers legal setback in inheritance row
Tanzanian billionaire Reginald Mengi died on May 2, 2019, in Dubai, UAE.