Stake of banking tycoon James Ndegwa in NCBA Group gains $626,418 in 10 days
The gains occurred on the back of a rise in the company’s share price.
East Africa
Late Kenyan tycoon Chris Kirubi’s son-in-law appointed to Centum Real Estate board
Andrew Musangi is an experienced lawyer and husband to Mary-Ann Musang, Kirubi’s oldest daughter.
Ugandan mogul Sudhir Ruparelia to redesign former military intel headquarters into business park
The Pearl Business Park is an 18-acre mixed-use facility that will host a five-star hotel, mall and modern hospital.
Ugandan tycoon Ham Kiggundu donates $150,000 to COVID-19 fight
Kiggundu presented the funds to Uganda’s newly appointed Prime Minister Robinah Nabbanja on Friday.
Kenyan tycoon Naushad Merali passes away at age of 70
Merali died at 5:00 AM this morning while undergoing treatment for an undisclosed ailment at the Nairobi Hospital.
Stake of Kenyan advertising mogul Bharat Thakrar in WPP Scangroup loses $342,170 in 61 days
The decline comes on the back of a sell-down in the marketing and communications company’s shares.
Vincent Rague steps in as chairman of UAP Old Mutual Group
Rague’s appointment comes after the board announced the retirement of its outgoing chairman, Joseph Barrage Wanjui.
Stake of Tanzania’s Rajabali brothers in CRDB Bank gains $1.88 million in 61 days
CRDB Bank is the largest wholly-owned private financial services group in Tanzania.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital Holdings gains $27.12 million in 89 days
The increase can be linked to gains in the group’s shares on the Malawi Stock Exchange.
James Ndegwa’s NCBA partners with Simba Corporation to finance vehicle purchases in Kenya
The leading financial services company now requires clients to put only five percent of the total vehicle cost down.
Tanzanian gold magnate Ketan Patel loses $897,456 in 27 days from stake in Shanta Gold
Shares in the gold producer surged by 45 percent from April 1 to June 1.
Stake of banking executive Gideon Muriuki in Kenya’s Co-operative Bank gains $981,331 in 27 days
Co-operative Bank of Kenya operates across East Africa.
CEO Peter Ndegwa to deploy Kenyan staff to help boost Safaricom’s Ethiopia operations
The Ethiopian unit will have its own CEO, senior executives and management team.
Stake of Kenyan banker James Mwangi in Equity Group gains $7.71 million in 83 days
The gains can be linked to the group’s better-than-expected financial results for Q1 2021.
Malawian banker Hitesh Anadkat to pocket $698,340 in dividends from FMB Capital Holdings
Founded in 1995, the company is Malawi’s first private bank.
Kenyan industrialist Manu Chandaria loses reins of Kaluworks steel and plastics producer
The company defaulted in the repayment of a $40-million debt.