Ugandan tycoon Charles Mbire’s stake in MTN gets $49.6-million valuation following IPO
The public offering was the largest-ever in the history of Uganda.
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Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
Centum, controlled by family of late tycoon Chris Kirubi, kicks off new dividend policy
Centum is a leading East African investment company with investments in real estate and private-equity assets.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group profit surges by 70 percent above $51 million in 9M 2021
I&M Holdings, or I&M Group, is the Kenya-based non-operating holding for I&M Bank Limited.
Mauritian businessman Pierre Guy Noel gains $2.3 million in 2021 as MCB Group shares surge
MCB Group is Mauritius’ most extensive banking institution.
John Gachora-led NCBA Group reports 159-percent surge in earnings in 9M 2021
Gahora holds a total of 381,755 ordinary shares in the Kenyan financial services provider.
Kenyan startup founder Ken Njoroge’s Cellutant links up with ImaliPay to ease payments for gig workers
ImaliPay is a financial platform for digital workers co-founded by two Cellutant alumni.
Gideon Muriuki’s Co-operative Bank of Kenya secures $56.4-million EU loan to support SMEs
The facility will be used to provide capital and long-term local currency loans to businesses hit by COVID-19.
Kenyan banker Gideon Muriuki loses $900,000 in three months as shares in Co-operative Bank Group fall
Muriuki is the CEO of Co-operative Bank Group, one of the largest financial institutions in East Africa.
Malagasy tycoon Hassanein Hiridjee’s Axian Group commits to $6-billion Actis energy fund
The investment highlights the group’s commitment to projects bolstering the global transition to renewable energy.
Mauritian businessman Hector Espitalier-Noel to pocket $300,540 in interim dividends
ENL is a conglomerate managing a diverse portfolio of more than 120 global and homegrown brands.
Kenyan multimillionaire Gideon Muriuki’s Co-operative Bank Group reports $103.54 million in earnings
Co-op Bank Group is one of the largest financial institutions in East Africa.
Joshua Oigara-led KCB Group posts $224.37 million in profit as earnings in 9M 2021 surge
KCB Group is one of East Africa’s largest commercial banking groups.
Ethiopian billionaire Mohammed Al-Amoudi loses $170 million in two weeks
Al-Amoudi’s $7.05-billion net worth makes him the richest man in Ethiopia, and one of the wealthiest men in Africa.
Moi family of Kenya sells stake in Siginon Aviation in $15.2-million deal
Siginon Aviation is controlled by the family of the late Kenyan head of state, Daniel Arap Moi.
Kenyan businessman Benson Wairegi loses $740,000 as shares in Britam Holdings decline by nearly 10 percent
Wairegi stepped down from Britam’s board on May 28 after serving in the company for more than four decades.