Kenyan billionaire Narendra Raval says leaders tried to move $539 million cement plant
Kenyan billionaire Narendra Raval says leaders pressured him to move his $539 million Kitui cement plant, as President William Ruto laid its foundation stone.
Kenyan billionaires
Kenyan betting tycoon Ronald Karauri's insurance bet grabs 25% of minibus market
First HoldCo, the FirstBank parent chaired by billionaire Femi Otedola, grew nine-month pre-tax profit 61% to 911 billion naira on strong fee and trading income.
Armed police occupy Kenyan billionaire Gideon Moi’s family land in Eldoret
Armed Kenyan police occupied a five-acre Eldoret plot owned by billionaire Gideon Moi’s family, whose lawyer says no eviction notice was given.
Kenyatta, Ndegwa and Merali families secure $319 million as Nedbank completes NCBA deal
Three of Kenya's richest families have secured about $60 million in cash and 15 million Nedbank shares as Nedbank completes its NCBA takeover.
Late Kenyan tobacco tycoon Wilfred Murungi's Mastermind assets cleared for sale
Kenya's competition regulator has cleared Signature Leaf to buy assets of Mastermind Tobacco, the cigarette maker built by the late Wilfred Murungi.
Kenyan banker James Mwangi gains $23 million on Equity Group shares in third quarter
James Mwangi's Equity Group stake rose $23.2 million in the third quarter after the Kenyan lender posted a record first-half profit.
Kenyan tycoon Peter Muthoka pockets $19 million profit selling his airport cargo business
Peter Muthoka made a Sh2.5 billion profit selling Transglobal Cargo Centre to Turkey's Celebi for $40.1 million, roughly twice its asset value.
Kenyan billionaire Humphrey Kariuki loses court fight to hold on to a South African wine brand
A Nairobi judge refused to stop Namaqua Wines ending its deal with WOW Beverages, ruling the exclusive distributorship was never put in writing.
Kenyan billionaire Narendra Raval is building a 60MW wind farm to power his cement plants
National Cement, the Devki subsidiary that makes Simba Cement, has applied to build 38 wind turbines in Kajiado County to power its own operations.
Kenyan billionaire John Kibunga Kimani lifts his Centum stake to 11.51%
John Kibunga Kimani raised his Centum stake to 11.51% in the year to March 2026, from 1.24% five years ago, buying 7.19 million more shares.
Kenyan billionaire Vimal Shah says he was defrauded of $745,000 in currency deal
Bidco Africa founder Vimal Shah told a Nairobi court he sent Ksh102.4 million for dollars that never arrived, after a friend vouched for the deal.
Kenya's wealthy Merali family acquires stake in pharmaceutical glass plant
The family of the late Naushad Merali is taking half of a pharmaceutical glass plant at Mombasa's Dongo Kundu economic zone.
Kenyan tycoon Suleiman Shahbal signs a $100 million Mombasa deal with Dubai's DP World
DP World is putting more than $100m into a 535-acre industrial zone at Jomvu with Suleiman Shahbal's GulfCap. At the signing, President Ruto used the podium to tell Shahbal to abandon his bid for Mombasa governor.
Court bars expansion at Kenyan billionaire Mohamed Jaffer's Mombasa oil terminal over mangrove damage
A Kenyan court has barred billionaire Mohamed Jaffer's oil company AGOL from new construction at its Mombasa terminal over alleged destruction of a protected mangrove forest.
Kiprono Kittony steps down as Radio Africa chairman after 25 years to take over as Kenya Airways board chair
Kiprono Kittony has stepped down as Radio Africa Group chairman after 25 years, with the Kenyan businessman set to take over as Kenya Airways board chair.
Kenyan billionaire John Kibunga Kimani's Sh205 million land dispute has reached the Supreme Court
Kenyan billionaire John Kibunga Kimani's Sh205 million land sale dispute has escalated to Kenya's Supreme Court after years of lower court litigation over a contested property transaction.