Mauritian Doger de Speville family's Medine posts $25.9-million profit in FY 2024
Medine's performance underscores its ability to navigate economic challenges, with real estate driving its growth during the period under review.
Skip to content
Medine's performance underscores its ability to navigate economic challenges, with real estate driving its growth during the period under review.
Partially owned by prominent Kenyan families such as Kenyatta, Merali, and Ndegwa, the conglomerate remains steadfast in strengthening operations within Kenya while expanding its footprint across the region.
This surge in profit can be attributed to the conglomerate’s adept cost-effective measures and strategic initiatives.
From leading Mauritius’ largest conglomerate, IBL Group, to investments in Kenya’s retail sector through Naivas International.
Explore his influential connections to seven key companies, ranging from MCB Capital Markets to the Blue Penny Museum.
Noel’s passing comes over two years after his retirement as the CEO of MCB Group.
With their stake now worth more than $45 million, the affluent Mauritian Espitalier-Noel family ranks among the richest families in Mauritius.
Despite this recent setback, Dalais remains one of the most affluent CEOs in Mauritius and East Africa.
Ha Chow holds a 14.59-percent stake in ABC Banking Corp., making her the second-largest shareholder in the Port Louis-based financial services provider.
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group, or 114,369,469 shares.
Galea owns 15.43 percent of the insurer, worth $25.5 million.
The family controls a 12.8-percent stake in Medine Limited, worth almost $20 million.
The Mauritius-based group is led by Espitalier-Noel, who has a 9.92-percent beneficial stake in the company.
The multimillion-dollar losses posted by the Mauritian conglomerate brings its total operating losses since June 2019 to $47.6 million.
Rogers and Company Limited is a Mauritius-based international services and investment firm.
Members of the family include Marie Therese Doger De Speville, Thomas Doger de Spéville, and 82-year-old Pierre Doger de Speville.