Australian billionaire Andrew Forrest’s firm signs deal to build 300-MW fertilizer plant in Kenya
Forrest has a net worth of $16.7 billion.
Kenya
Kenyan tycoon Narendra Raval’s Devki Steel Mills applies for electricity supply license in Kenya
Raval was reported to have a net worth of $400 million in 2015.
Led by Kenya’s Kirubi family, Haco Industries receives additional $2.3 million from Societe BIC
Haco Industries is one of the region’s leading FMCG manufacturers.
Somali businessman Ismail Ahmed’s WorldRemit expects school reopening to boost diaspora remittances to Kenya
WorldRemit was founded by Ahmed, Richard Igoe, and Catherine Wines in 2010.
Mauritian tycoon Arnaud Lagesse-led IBL Group buys stake in leading Kenyan supermarket chain
The transaction highlights Naivas’ intrinsic value as Kenya’s largest supermarket chain.
Led by Kenyan banker James Mwangi, Equity Group invests $3.3 million in DRC subsidiary
Its total investment in the country is now $148.4 million.
Kenyan banking tycoon Gideon Muriuki to pocket $882,400 in Co-operative Bank dividends
The dividend will be paid from the group’s retained earnings of $741.9 million at the end of 2021.
Led by Kenyan banker James Mwangi, Equity Group posts $102.4 million in profit in Q1 2022
This follows the lender’s record-high profit of $350.2 billion in 2021.
Kenyan industrialist Baloobhai Patel acquires $2.5-million stake in Bamburi Cement
Patel also owns stakes in Carbacid, Absa Bank Kenya, Co-operative Bank and Safaricom.
Wealthy Kenyatta family gains $3.1 million in six days from stake in NCBA Group
NCBA Group shares have soared in value in recent days.
Egyptian auto magnate Raouf Ghabbour plans to establish assembly plant in Kenya
Ghabbour founded GB Auto in 1985 as a manufacturer of automobiles, buses, lorries and motorcycles in Egypt.
Kenyan businessman John Kimani gains over $1.6 million from stake in Kakuzi
Kakuzi is a leading agro-allied company listed on the Nairobi Stock Exchange.
Wealthy Kenyan businessman Andrew Ndegwa loses $1.1 million in three weeks
Ndegwa’s 4.3-percent stake in NCBA Group, now worth $15 million, has dropped in value in recent weeks.
MarketForce gets $40 million in funding backed by Kenyan businessman Ken Njoroge
MarketForce established a strategic partnership with Cellulant in December.
Kenyan tycoon James Mwangi’s stake in Equity Group is worth $59.8 million
Mwangi holds a 3.38-percent stake, or 127,809,180 shares, in the financial services group.
Here Are 10 of The Wealthiest Tycoons in Kenya Who You Most Likely Don’t Know
Kenya is part of an elite group of five African countries accounting for over half the continent’s private wealth held by individuals.