Mauritian tycoon Pierre Guy Noel gains $1.4 million as MCB Group shares rise by 20 percent
The increase in the company’s share price, which spurred the gains, was due to aggressive buying pressure on the bourse.
East Africa
Widow of late Kenyan tycoon Naushad Merali gains $1.9 million in 27 days
The gains in her stake can be attributed to buying pressure on the Nairobi Stock Exchange.
The 10 Kenyan executives who took home the highest salary in 2020
Executives in top Kenyan companies received decent pay in 2020 despite the impact of the COVID-19 pandemic.
Andrew and James Ndegwa set to pocket $944,500 interim dividend from Kenya’s NCBA Group
The two brothers own a joint stake amounting to 138,525,913 ordinary shares in NCBA Group.
John Gachora-led NCBA Group reports 77-percent growth in mid-year profit
A strong underlying performance across key segments of its business saw its profit increase by double digits.
Linus Gitahi-led Diamond Trust Bank Group records 20.1-percent rise in H1 2021 revenue
The bank recorded growth in net profit in H1 2021 from $23.9 million last year to $28.7 million.
The 20 richest people on the Dar es Salaam Stock Exchange
The richest Tanzanian investors on the bourse have amassed a total wealth of $81.77 million.
The 15 richest people on the Stock Exchange of Mauritius
With a near $9-billion market capitalization, the Stock Exchange of Mauritius is one of Africa’s most vibrant.
The 20 richest Kenyan investors on the Nairobi Stock Exchange
The Nairobi Stock Exchange is the most vibrant bourse in the East African region.
The 10 richest investors on the Uganda Securities Exchange
For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued.
The five richest people on the Malawi Stock Exchange
Research is based on figures derived from investment agencies, annual reports and confirmations from capital market registrars.
Joshua Oigara-led KCB Group acquires Rwanda bank, Banque Populaire du Rwanda
The move increases the group’s market share in the Rwandan retail and SME banking sector.
Kenyan top executive Jeremy Awori receives $850,800 in compensation from Absa Bank Kenya
Awori has been the commercial bank’s managing director since 2012.
Aga Khan IV’s Nation Media Group posts $2.6-million mid-year profits as revenues see sharp recovery
The triple-digit surge in profits came off a 14-percent increase in revenue.
Kenyan tycoon Andrew Ndegwa earns $1.4 million as NCBA shares rise above 25-shilling mark
NCBA Group Plc is an East African financial services conglomerate headquartered in Nairobi, Kenya.
Gideon Muriuki’s Co-op Bank extends JV with South Sudan by three years
The move will renew the parties’ co-ownership of the bank’s subsidiary in Juba.