Kenya’s Merali family suffers almost $4-million loss from Sasini Tea stake
Boasting a majority 65.46-percent stake in the company, the Merali family has long been regarded as one of the wealthiest families in Kenya.
Kenyan tycoon
Kenyan tycoon James Mwangi-led lender reports nine-month profit exceeding $230 million
Under the leadership of Mwangi, Equity Group has solidified its position as a dominant force in East and Central Africa.
Bank led by Kenyan tycoon Gideon Muriuki records $120 million in profit in 9 months
Muriuki, managing director of Co-op Bank, emphasized the bank’s commitment to sustainable growth, resilience, and agility.
Kenyan tycoon Baloobhai Patel-linked cement firm clears 60 percent of $2-million tax debt
Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax debt
Wealthy Kenyan tycoon Andrew Ndegwa faces $1.3-million loss in 16 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.
Kenyan tycoon Suresh Bhagwanji Shah loses $1.8 million from I&M Bank stake
Shah is credited with transforming I&M into one of East Africa’s leading banking groups.
Kenyan tycoon Chris Kirubi’s heirs gain $1.3 million from stake in Centum
The market value of the stake held by Kirubi’s heirs has increased from $11.02 million on May 17 to $12.34 million at the time of writing.
Kenyan tycoon James Mwangi’s gains $1.2 million from Equity Group stake
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
Kenyan tycoon James Mwangi’s takes $1.4-million hit from Equity Group stake
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
Kenyan tycoon Peter Njonjo’s Twiga thwarts liquidation attempt over debt dispute
Twiga Foods is a Nairobi-based agri-tech startup co-founded by Njonjo.
7 assets owned by Kenya’s largest landholders, Kenyatta family
Billionaires.Africa has identified and monitored seven prominent assets owned by the Kenyatta family.
Kenyan tycoon Julius Mwale to build multimillion-dollar medical city in Ghana
This development was unveiled following a meeting between Mwale and Ghanaian President Nana Akufo-Addo.
Wealthy Kenyan tycoon Andrew Ndegwa loses over $2 million in 49 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and ranks as one of the country’s richest businessmen.
Aga Khan IV gains $4.5 million from Nairobi-based insurer Jubilee Holdings
This remarkable increase in the market value of his share further solidifies Aga Khan IV’s position as the richest investor on the Nairobi Securities Exchange.
Kenya’s wealthy Merali family suffers $3.2-million loss from Sasini Tea stake
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.
Bank led by Kenyan tycoon Gideon Muriuki recoups $1.56-million loan from Centum unit
Muriuki owns a substantial two-percent stake in Co-operative Bank Group, translating to 117,471,300 ordinary shares.