Wealthy Kenyan Ndegwa family gains $3.1 million from stake in NCBA Group
The Ndegwa family owns 12.52 percent of NCBA Group, which is worth more than $45 million.
East Africa
Mauritian magnate Dominique Galea-led insurer MUA announces $10-million equity investment
Galea owns 15.43 percent of the insurer, worth $25.5 million.
Kenyan mogul Julius Mwale sets eyes on mineral-rich DRC after attempt to revive Mumias Sugar
Mwale is a principal investor in Mwale Medical and Technology City.
Kenyan mogul Gideon Muriuki’s Co-operative Bank Group records over $103.5 million in profit in Q1 2022
Muriuki owns a two-percent stake in the group.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group earns $23.2 million in profit in Q1 2022
Shah built I&M Group into East Africa’s leading commercial banking organization.
Kenyan industrialist Baloobhai Patel buys additional $647,200 stake in Co-operative Bank
The new shares represent a significant increase in his portfolio.
Nigerian oil tycoon Michael Prest’s Petrodel to revive gas production in Tanzania
Petrodel Resources was founded in 2001.
Wealthy Tanzanian Rajabali brothers gain $4.31 million from CRDB Bank stake
CRDB Bank is the largest commercial bank in Tanzania.
5 multimillionaires from Sudan you’ve never heard of
You might not know their names, but you should.
5 multimillionaires from Rwanda you’ve never heard of
You might not know their names, but you should.
5 multimillionaires from Djibouti you’ve never heard of
Meet five ultra-wealthy Djiboutian entrepreneurs who are individually worth $30 million or more.
Kenyan businessmen Ronald Karauri, Paul Ndung’u received $15.8 million in dividends from SportPesa over four years
SportPesa is a leading sports news and betting technology company.
Kenyan businessman John Kimani receives $1.2 million in dividends from agro-allied firm, Kakuzi
Kimani owns a 32.3-percent stake in Kenyan agricultural company.
Led by Kenyan banker James Mwangi, Equity Group invests $3.3 million in DRC subsidiary
Its total investment in the country is now $148.4 million.
Tanzania’s richest man Mohammed ‘Mo’ Dewji gives commencement speech at Georgetown University
Tanzania’s richest man also received an honorary doctorate in humane letters.
Ugandan mogul Patrick Bitature, Vantage Capital at odds over $30-million property loan
Bitature is the founder, chairman and group CEO of Simba Group.