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.
East Africa
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.
Kenya-based businessman Rohan Patel earns $747,900 as Sanlam Kenya shares rebound
Sanlam Kenya is an insurance, investment and retirement group based in Nairobi.
Patrick Tumbo-led Sanlam Kenya records $2.66-million loss in first half of 2021
COVID-19-induced disruptions its exposed insurance assets and investments to emerging risks.
Joshua Oigara-led Kenya Commercial Bank Group posts $139.7-million mid-year profits
Earnings surged by more than 100 percent in the first six months of 2021.
Khaled Mahmoud-led MTI declares financial results for period ending June 30
MTI is an Egyptian company that operates in the consumer electronics distribution and retail segment.
Malawian tycoon Hitesh Anadkat lost $2.18 million from Telekom Networks Malawi this year
Telekom Networks Malawi is the oldest telecom company in Malawi.
Obafoluke Otudeko gains $11.84 million as Honeywell shares surge by 81 percent to three-year high
Otudeko owns a majority stake in Honeywell Flour Mills Plc.
Mauritian Ah Chuen family earns $3.86 million from ABC Banking Corp in 149 days
The gains came off the back of a double-digit rise in the bank’s share price on the Mauritian bourse.
Patrick Mweheire-led Stanbic Holdings Kenya posts $32.10-million mid-year profit
The financial services sector is revving up for recovery to pre-pandemic levels.
Gideon Muriuki gains $1.13 million in 43 days as CIC Insurance Group shares soar
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
Last week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
Patrick Nyaga-led CIC Insurance Group posts $2.38 million in profit for H1 2021
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.
Meet Haruna Sentongo, Uganda’s 34-year-old slumlord millionaire
Sentogo’s Haruna Enterprises U owns malls, apartment complexes and office buildings across Kampala.
Kenyan banker James Mwangi earns $13.1 million as Equity Group shares return to pre-pandemic levels
Equity Group Holdings Limited is a leading financial services holding headquartered in Nairobi.