Kenyan banking tycoon Andrew Ndegwa loses $2.65 million in 60 days as NCBA shares slump
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.
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Here’s why EMEA Finance named Kenyan banking executive Gideon Muriuki Africa’s best banking CEO
The banker was presented the award at the 2021 EMEA Finance African Banking Awards.
Led by influential Mauritian Lagesse family, LUX Island Resorts suffers $7.51-million loss in Q1 2022
During the quarter, the group’s revenue surged by 107 percent.
Tax evasion case resumes against Kenyan tycoon Humphrey Kariuki
The prosecutors plan to cite evidence demonstrating the tax fraud scheme used by the defendant.
Mitwa Ng’ambi-led MTN Rwanda posts $19.1 million in profit for 9M 2021
The profit marked an 8.7-percent growth from the figure posted for the same period last year.
Wealthy Moi family of Kenya sells stake in Siginon Aviation in deal worth $40 million
The deal gives NAS a foothold in Nairobi, a major hub in the African aviation industry.
Kenyan multimillionaire banker James Mwangi loses nearly $5 million in 56 days as Equity Group shares retreat from 21-month high
Equity Group Holdings Limited is a leading financial services holding based in Nairobi.
Kenyan mogul Julius Mwale offers $20 million to farmers to restore activity at Mumias Sugar
The funds will be used to kickstart sugarcane cultivation and sugar production.
Ethiopian billionaire Mohammed Al-Amoudi gains $360 million in 21 days after losing $530 million between July and September
His $7.2-billion fortune is derived from closely held companies such as Preem, Svenska Petroleum and Midroc Europe.
Kenyan liquor tycoon Tabitha Karanja plans to run for Nakuru senatorial seat in 2022
After a month’s consultation with family and friends, she has decided to run for political office.
Mauritian tycoon Arnaud Dalais gains $3.86 million in 20 days as CIEL Limited share price rises
Investors have intensified their buying interest in CIEL shares after it posted a triple-digit growth in profit.
Here are 10 of the wealthiest tycoons in Kenya who you most likely don’t know
About 8,300 people in Kenya hold high-net-worth-individual status.
Competition Authority of Kenya warns government against steel tycoon Narendra Raval’s clinker import proposal
Raval’s Devki Group has a near monopoly on Kenya’s cement market. Clinker is a raw material used in cement production.
Haresh Soni’s Nairobi Business Ventures acquires Delta Automobile, Delta Cement as part of $27-million deal
The company made the disclosure this morning, Oct. 18, in a statement issued from its office in Nairobi.
Tanzanian multimillionaire Rajabali brothers gain $1.6 million from stake in CRDB Bank in 2021
The gains come off the back of a double-digit increase in the bank’s shares on the Dar es Salaam Stock Exchange.
Mozambican business magnate Salimo Abdula’s son kidnapped in South Africa, media report
According to Mozambican and Portuguese news reports, Jair Abdula was kidnapped on Thursday night in the city of Benoni.