Tanzanian billionaire Rostam Aziz receives approval to set up gas plant in Kenya
The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
East Africa
Kenyan tycoon Chris Kirubi’s heirs gain $1.4 million from stake in investment firm, Centum
After Kirubi’s passing, his son and daughter inherited 80 percent of his fortune.
Kenyan businessman John Kimani gains $1.6 million from Kakuzi shares
Kimani controls a 34.54-percent stake in Kakuzi.
Meet seven African billionaires absent from Forbes’ 2023 billionaires list
The total number of African billionaires stands at 26.
Kenyan entrepreneur Kagure Wamunyu’s startup, Jumba, raises $4.5 million
Wamunyu founded Jumba in 2022.
Meet Kenyan tech entrepreneur who is revolutionizing U.S. real estate with AI-Powered platform
Sakawa is spearheading the democratization of conversational AI.
Kenyan president taps steel tycoon Narendra Raval to lead national lottery taskforce
Raval was reported to have a net worth of $400 million in 2015.
Kenyan tycoon Suresh Bhagwanji Shah gains $1.4 million in 46 days
Shah is the founder of I&M Holdings.
Mauritian multimillionaire Arnaud Lagesse’s IBL acquires Kenyan drugs distributor Harley’s
IBL Group is a leading conglomerate with more than 200 brands.
Malagasy businessman Hassanein Hiridjee’s AXIAN launches new investment unit
AXIAN Group is a pan-African conglomerate.
Mauritian tycoon Arnaud Lagesse’s IBL Group backs Qotto’s $8-million Series-A equity-debt round
Lagesse’s group is investing in solar kit provider Qotto.
Elon Musk’s SpaceX secures license to launch Starlink in Rwanda
Musk’s Starlink provides global high-speed, low-latency broadband Internet.
Tech billionaire Gbenga Agboola’s Flutterwave to recover $52.5 million from Kenyan gov’t
Flutterwave is a financial technology company.
Malagasy businessman Hassanein Hiridjee’s AXIAN Group launches 1.8 MW solar power plant
AXIAN Group is now recognized as Madagascar’s top energy producer.
Kenyan businessman Paul Ndung’u challenges expulsion from Sportpesa
The move follows a special resolution by Sportpesa CEO Ronald Karauri and other key stakeholders at Pevans East Africa.
Kenyan sugar mogul Jaswant Rai takes on Kakuzi’s dominance with entry into avocado farming
Rai ranks as one of Kenya’s richest businessmen.