Pierre Guy Noel’s MCB Group acquires minority stake in Africa Mobile Networks
MCB Group is Mauritius’ most extensive banking institution.
East Africa
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.
James Mworia-led Centum posts first full-year loss in 42 years
Centum Investment Company has declared a loss of $12.6 million at the end of its 2021 accounting year.
Family of late Kenyan industrialist Chris Kirubi to pocket $608,250 Centum dividend
The multimillionaire industrialist held a 30.08-percent stake in the leading investment group.
Shares of Haresh Soni-led Nairobi Business Ventures see all-time high after Delta takeover
The company has staged the largest-ever short-term rally on the Nairobi Stock Exchange.
Egyptian tycoon Nassef Sawiris gains $478.7 million on back of positive analyst forecasts for Adidas
Adidas is the largest sportswear and sports equipment manufacturer in Europe.
Gideon Muriuki earns $1.10 million in 33 days from two-percent stake in Co-operative Bank of Kenya
The market value of his stake has increased from $14.22 million between June 21 and July 24.
Edward Kirathe’s Acorn Holding Limited to build new hotels with $18.48-million green bond
The company raised the bond from Kenyan pension funds, banks and reinsurance companies.
Ethiopia-born billionaire Mohammed Al-Amoudi loses $1.42 billion in 67 days
The founder of Sweden’s largest oil refiner has seen his net worth fall from $8.76 billion to $7.31 billion.