Kenyan tycoon Peter Munga in $30 billion coal dispute with Chinese investors
The rights to Kitui's Mui Basin coal blocks are the subject of a $30 billion coal dispute between Kenyan tycoon Peter Munga and Chinese investors.
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The rights to Kitui's Mui Basin coal blocks are the subject of a $30 billion coal dispute between Kenyan tycoon Peter Munga and Chinese investors.
Kenyan court halts sale of 75 million Britam shares as Peter Munga’s wife claims joint ownership.
Kenya’s Peter Munga is in a $5 million legal fight with his wife over Britam shares tied to a bank loan dispute.
Kenyan tycoon Peter Munga wins court case over a Ksh150 million ($1.2 million) TransCentury share dispute, ending a 14-year legal battle.
Court orders Peter Munga to vacate 75-acre school land after Del Monte wins a long-standing lease dispute.
Kenyan tycoon Peter Munga teams up with U.S.-based Everstrong Capital in $3.62-billion toll road project, marking a new chapter in his business empire.
The move boosts his direct stake in East Africa’s largest lender at a time when the bank continues to post strong results and maintain its market dominance.
The bank seeks to recover $3.35 million in loans owed by Equatorial Nut Processors, controlled by Munga.
His influence extends beyond banking, shaping industries such as insurance, agriculture, and education.
Over the years, Munga has built a diverse business empire spanning, banking, agribusiness, insurance, and real estate.
This strategic move aims to tap into the growing interest in dollar-denominated instruments.
DRC’s liberalized insurance sector, valued at $300 million in 2023, presents substantial growth prospects for Britam Holdings.
This move, aimed at shoring up the unit’s liquidity, brings Britam’s total cash injection into the fund to Ksh6.9 billion ($53.1 million) as of December 2023.
Key shareholders, including prominent Kenyan business figures like Mbaru, Munga, Mwangi, and Michuki, lend further credence to the company’s standing.