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.
East Africa
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.
Stake of Ugandan pharma tycoon Emmanuel Katongole in CiplaQCIL rises by $200,000 since April 13
The growth in his stake follows a rise in the shares of CiplaQCIL on the Uganda Stock Exchange.
Kenyan businessman Benson Wairegi’s stake in Britam Holding gains $545,000
Wairegi is Kenya’s longest-serving CEO of a listed company.
Stake of Mauritian Lagasse family in IBL Limited now worth $130.24 million
The family is known for its role in modernizing industry and commerce in Mauritius.
Equity stake of Mauritian businessman Arnaud Dalais in CIEL Limited gains $4.11 million
The gains in his stake were triggered by a recent surge in the company’s shares.
Indian-Ghanian industrialist Ramchand Udharam Mohinani dies at 87
His family announced that he passed away early morning, June 12.
A blitz interview with Mohammad Al Duaij, a scion of one of Kuwait’s most prominent dynasties
Al Duaij is the CEO of Alea Global Group.
Egyptian electricity mogul Ahmed El Sewedy looks to deepen footprint in Angola
The businessman said his company is now considering launching manufacturing units there.
Stake of late Kenyan tycoon Christopher Kirubi in Centum surged by $2.8 million in two weeks
The gains in his stake can be attributed to the increase in the company’s share price on the Nairobi Stock Exchange.
Storied Kenyan tycoon Chris Kirubi passes away at 80
According to a statement published by the businessman’s family, Kirubi died at his home in Nairobi at 1 pm.
Kenyan media mogul John Kimani’s stake in Kakuzi surges by $1.17 million
The gains are due to the recent rise in the company’s shares on the Nairobi Stock Exchange.
Mombasa-based Babla family sees stake in KCB surge by $3.7 million in 128 days
The uptick in market value follows a rise in the company’s share price on the Nairobi Stock Exchange.
Tanzanian multimillionaire Rajabali brothers to pocket $635,024 CRDB Bank dividend
The brothers are the largest individual shareholders in the bank with an ownership stake of 2.6 percent.
French tycoon Gilles Gobin acquires Ugandan oil and gas firm Kobil and Delta
RUBiS Energy has now officially launched into the Ugandan market.