James Mwangi-led Equity Group initiates loan price increase, a first in Kenya
Under Mwangi, Equity Group has played a key role in the growth and transformation of Kenya’s financial services industry.
Kenya
The Richest Five: Meet the five African billionaires with a net worth of more than $5 billion
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
Founded by Nairobi-based entrepreneur, startup bags $20 million in funding from UK investor
MyDawa, under Nairobi-based entrepreneur O’Leary, has evolved from an e-pharmacy to an all-in-one health platform.
Startup led by Kenya-born American entrepreneur secures $40 million to build Sub-Saharan Africa’s largest mini-grid
This will enable Nuru, under the leadership of Shaw, to undertake ambitious new projects.
The 10 richest people on the Nairobi Securities Exchange in 2023
Billionaires.Africa presents its ranking of the 10 richest investors on the Nairobi Securities Exchange in 2023.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Tanzanian billionaire Rostam Aziz unveils $100-million deal for Zambia’s first LPG facility
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi halts plans to dilute stake in Two Rivers unit
Centum Investment Plc is controlled by Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire
Kenyan billionaire Manu Chandaria donates $286,000 to cancer hospital
Chandaria donated the funds to the Kenyatta University Teaching, Referral and Research Hospital.
Britam, owned by Kenya’s richest investors, absorbs losses with $45.2-million payment
Britam Holdings is a prominent diversified financial services conglomerate partly owned by Kenya’s richest investors.
Meet Nairobi-based entrepreneur who is disrupting Africa’s transport sector with his innovative startup
Under Bhattacharya, BasiGo has received $10.9 million in funding for BasiGo.
Kenyan entrepreneur Kagure Wamunyu’s startup, Jumba, raises $4.5 million
Wamunyu founded Jumba in 2022.
Elon Musk’s satellite Internet service Starlink to launch in Kenya in Q2
Starlink is the satellite Internet service provided by SpaceX.
South African mogul Mark Lamberti’s Massmart to pay ex-workers $284 each in Kenya exit deal
Massmart was founded by Mark Lamberti more than three decades ago.
Mauritian tycoon Arnaud Lagesse’s IBL eyes new deal in East Africa
IBL is a renowned, multifaceted Mauritian conglomerate.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Nairobi
Liquid C2 is a subsidiary of Liquid Intelligent Technologies.