38-year-old director Guillaume Dalais loses $1.9 million as CIEL shares plunge from record high
The near-$2-million loss came from a 27-day, double-digit decline in the group’s share price.
East Africa
Jadiah Mwarania-led Kenya Re sees mid-year profits nosedive
Its mid-year profits fell by 66 percent compared to last year.
Chandaria brothers earn $16.1 million from property sell-off to pan-African Grit real estate group
Grit is a London Stock Exchange-listed, Mauritius-based real estate firm focused on managing diversified assets in Africa.
Ramachandran Ottapathu’s stake in Choppies, Far Property, Afinitas now worth $40.93 million
Ottapathu has played a key role in the growth and development of Botswana’s real estate sector.
Media mogul Samuel Kamau Macharia partially loses control of estate to grandson
Macharia is the chair of Royal Media Services, the largest private radio and TV network in East Africa.
Mauritian businessman Pierre-Guy Noel retires as CEO of MCB Group Limited
Noel will exit his position at the end of August after reaching retirement age of 65.
Mo Dewiji Foundation extends financial support to Tanzania-based child cancer center
Tumaini La Maisha is a collection of three NGOs providing free and curative care for children with cancer.
Pierre Guy Noel’s MCB Group acquires minority stake in Africa Mobile Networks
MCB Group is Mauritius’ most extensive banking institution.
Kenyan businessman Peter Munga’s Britam deal robs Mauritius of millions of dollars
Munga bought the shares in a secretive deal that left Mauritius with a $35.9-million loss.
Multimillionaire banker Hitesh Anadkat earns $1.3 million as Letshego shares hit high
The gains came off the back of a resurgence in investor interest in the Botswana-based microfinance holding.
Property tycoon Peter Kamya loses appeal to recover prime properties from Equity Bank Uganda
Kamya is an architect and the proprietor of Simbamanyo Estate.
Kenyan investment banker Jimnah Mbaru gains $2.3 million in 94 days as Britam shares surge to 14-month high
The gains came off the back of a double-digit increase in Britam Holding’s shares.
Javier Ferran-led Diageo increases stake in Tanzanian alcohol subsidiary, EABL
East African Breweries Limited has increased its stake in its Tanzanian subsidiary to 85 percent.
Ugandan tycoon Emmanuel Katongole’s stake in CiplaQCIL is worth $2.87 million
CiplaQCIL is a pharmaceutical company based in Luzira, a suburb of Kampala, the capital city of Uganda.
Tanzanian billionaire Mo Dewji pays $8.6 million for 49-percent stake in Simba SC
Simba SC is a leading football club in East Africa and one of the two biggest clubs in Tanzania.
Simon Games Thomas-chaired Caracal Gold to list on Nairobi bourse
Thomas leads the company’s board as non-executive chairman.