Kenyan banking tycoon Andrew Ndegwa gains $2.1 million in 36 days as NCBA shares soar
Ndegwa owns 4.3 percent of NCBA Group, or 70,909,968 ordinary shares.
East Africa
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom closes acquisition of Milicom’s operations in Tanzania
The deal fits perfectly with AXIAN Telecom’s ambitious growth plan.
Kenyan tycoon Jimnah Mbaru loses over $1.35 million in 95 days as Britam shares fall 10 percent
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Malawian tycoon Hitesh Anadkat eyes $500K in Letshego dividends in May
Anadkat also owns stakes in Malawi’s first telecom company, Telekom Networks Malawi, and its first bank.
One of Kenya’s richest investors, James Mwangi, loses $4 million from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
Kenyan businessman Joshua Oigara’s KCB Group receives approval to merge Rwandan units
The merger will result in the creation of the second-largest bank in Rwanda’s banking industry.
Kenyan tycoon John Kimani gains $2.2 million from Kenya-based agro-allied company
With stakes worth more than $20 million in Kakuzi, Kimani is one of the richest investors on the Nairobi Stock Exchange.
Kenyatta, Merali and Ndegwa families will receive nearly $8.9 million in dividends from NCBA Group
The family of the late Jomo Kenyatta, Kenya’s prime minister from 1963 to 1964, will receive a dividend of $4.27 million from their stake.
Mauritian businessman Hector Espitalier-Noel’s ENL suffers $23.98 million in losses in 2021
The multimillion-dollar losses posted by the Mauritian conglomerate brings its total operating losses since June 2019 to $47.6 million.
James Mwangi to earn $3.3 million in dividends from Kenya’s biggest lender, Equity Group
Under Mwangi, Equity Group has grown into East and Central Africa’s largest financial services group.
John Kimani-linked Kakuzi posts $2.8 million in profit in 2021
Kimani holds a significant 32.3-percent interest in the company, totaling 6,330,699 shares.
Tanzanian businessman Hans Macha gains over $1 million from stake in CRDB Bank
Macha has a fractional 1.25-percent ownership position in the bank.
Kenyan banking mogul James Mwangi’s Equity Group reports record profits of $350 million
Equity Group has grown to become East and Central Africa’s largest financial services firm.
Kenyan businessman Joshua Oigara’s KCB Group plans strategic acquisition in DRC
The proposed deal comes after the Oigara-led group expressed interest in negotiating another acquisition in Tanzania.
Kenya-based 4G Capital, led by Wayne Hennessy-Barrett, raises $18.5 million
Hennessy-Barrett launched 4G Capital in 2013 after working as a loan manager for a Kenyan institution for a short time.
John Kimani-linked Kakuzi Plc receives approval to export avocados to China
Kimani has a substantial 32.3-percent stake in the firm, totaling 6,330,699 shares.