Shoprite, linked to South African billionaire Christo Wiese, to sell furniture unit to Pepkor for $179 million
The sale includes the OK Furniture and House & Home brands, as well as Shoprite's credit loan book, insurance arrangements, inventory, and certain fixed assets.
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Remgro's Manta Bidco posts $2.3 billion revenue in H1 2024 revenue
The revenue growth was bolstered by a 2.3 percent rise in inpatient admissions and a 2.1 percent uptick in day cases.
Aga Khan IV's stake in Nairobi-based insurer Jubilee sees $1.7 million rebound
His investment has grown by $1.7 million over the past 10 days, cementing his position as a key player in Kenya’s investment landscape.
Brait reduces stake in Premier group to $284.4 million
Brait’s decision to reduce its stake in Premier comes after a successful R750 million ($41.3 million) accelerated bookbuild offering earlier this year.
Kenya’s Merali family sees $2.2 million loss as Sasini Tea shares decline on NSE
This latest decline has further impacted the Merali family’s stake, reducing its value to Ksh2.54 billion ($19.63 million) as of Nov. 22.