Safaricom, led by Peter Ndegwa, unveils $232 million plan to overhaul Kenya’s education
Safaricom rolls out a $232 million plan to modernize education across Kenya with digital tools and training.
Kenya
Somali businessman Abdiweli Hassan to invest $503 million in Kenya’s Tatu City
Somali businessman Abdiweli Hassan plans a $503 million mixed-use project at Kenya’s Tatu City, expanding his footprint from retail into urban development.
Peter Ndegwa-led Safaricom invests $777 million in Kenyan suppliers
Safaricom, led by Peter Ndegwa, invested $777.6 million in Kenyan suppliers in 2025, strengthening local enterprises, jobs, and sustainable economic growth.
Kenyan investor Baloobhai Patel buys more Absa Bank shares worth $4.8 million
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.
Samuel Dossou-Aworet-backed Tullow sells Kenya assets to Gulf Energy
Tullow Oil has completed the $120 million sale of its Kenya assets to Gulf Energy, handing a local firm control of long-delayed oil hopes.
Kenyatta family took in up to $22 million in 2022 from Nairobi Expressway build
The Kenyatta family earned up to $22 million in 2022 from land and sand deals during the $682 million Nairobi Expressway construction, records show.
Kenyan banker James Mwangi confirms Equity Group’s first UAE branch coming by end of 2025
Equity Group targets UAE expansion by Q4 2025 as part of a broader push to deepen Africa–Middle East trade and investment ties.
Kenyan executive Peter Ndegwa pockets $2.3 million salary from Safaricom
Kenyan CEO Peter Ndegwa received $2.3 million from Safaricom, reflecting growth in share-based awards despite profit declines.
Kenyan banker James Mwangi's Equity Group to auction vehicles in $2.3 million loan dispute
Kenya’s High Court cleared Equity Bank to auction 30 vehicles to recover a $2.34 million debt, underscoring rising defaults and tougher enforcement on distressed borrowers.
Equity Group, led by James Mwangi, receives approval to launch UAE office
This marks a significant milestone in the bank’s international expansion strategy as it seeks to deepen global connectivity and access new markets.
Mary-Ann Musangi’s HACO Industries completes second phase of solar expansion
The new system adds 311 solar panels and will generate about 180 kWh of power, covering roughly 60 percent of that division’s energy needs.
Ally Awadh’s Lake Gas receives Nigerian cooking gas shipment to cut prices in Kenya
Lake Gas, led by Ally Awadh, lands Nigerian LPG at Kenya’s Vipingo terminal to lower prices and boost East Africa’s clean energy supply.
Britam, backed by Kenya’s elite, reverses $16 million paper loss on HF investment
Britam has reversed a $16 million impairment loss on HF Group, signaling renewed confidence and bolstering its capital position after strong 2024 earnings.
Kenyatta family, Kenya’s largest landowners, gains $10 million from NCBA stake
Kenyatta family gains $10 million as NCBA stock rallies 12%, lifting their 13.2% stake to over $92 million in just 22 days.
Suresh Bhagwanji Shah’s I&M acquires prime commercial building in Tanzania
The property, now known as I&M House@1046, will serve as the new Tanzanian headquarters for the Nairobi-listed lender and host one of its flagship branches.
James Mwangi-led Equity Group fires 200 Kenyan staff over $11.6 million scandal
The bank, East Africa’s largest by assets, revealed that the affected employees spanned senior managers and junior staff across its branch network and head office.