Mauritian tycoon Arnaud Lagesse’s IBL Group looks to expand in Kenya’s diverse industries
The Lagesse family owns 16.8 percent of IBL Group.
East Africa
Jimnah Mbaru loses $4 million in Britam Holdings shares in one year
Mbaru owns a 7.72-percent stake in Britam Holdings.
Hassanein Hiridjee-linked WeLight raises $20.5 million to deliver clean energy to 120 villages in Madagascar
As many as 45,000 households and businesses will be connected to the power grid.
Kenya’s richest families own more wealth than 22 million Kenyans combined
Kenya’s wealth gap is staggering.
Kenyan multimillionaire Humphrey Kariuki faces legal battle over prime land in Nairobi
Kariuki is a leading Kenyan multimillionaire businessman.
Centum, led by family of late Kenyan tycoon Chris Kirubi, to buy back shares worth $4.8 million
Kirubi passed away in 2021 at the age of 80.
Mauritian Lagesse family-linked firm Transmara Sugar faces $7.8-million farmers claim
IBL Group holds an ownership interest in Transmara Sugar Company.
Kenyan entrepreneur Cynthia Wandia’s fintech startup Kwara raises $3-million seed extension
Kwara is a Nairobi-based fintech startup.
Sasini, controlled by family of late Kenyan tycoon, invests $6 million in fixed-income securities
The family of late Naushad Merali is the majority shareholder of Sasini Tea.
This Kenyan Investment banker recently raised $128 million to invest in East African SMEs
Owino is the founder of Ascent Capital.
Elon Musk’s satellite Internet service Starlink to launch in Kenya in Q2
Starlink is the satellite Internet service provided by SpaceX.
Kenyan tycoon Ronald Karauri’s Sportpesa unveils restructuring plan
Sportpesa is a leading sports news and betting technology company.
No dividend for Kenyan Merali family as Sasini posts highest profit in seven years
The family of Naushad Merali is the majority shareholder of Sasini.
Bank linked to Kenyan businessman, Baloobhai Patel to pay couple $1.9 million for fraudulent shares sale
Patel owns one percent of Absa Bank Kenya, a subsidiary of Absa Group Limited of South Africa.
Kenyan tycoon Baloobhai Patel finds loophole to avoid paying tax on Carbacid stake
Patel is a leading Kenyan tycoon and serial investor.
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.