Kenyan tycoon — Andrew Ndegwa — NCBA Group — Nairobi Securities Exchange — Kenya — Hot News — East Africa
Kenyan tycoon Andrew Ndegwa’s stake in NCBA surges above $26 million
Ndegwa sees $3.82-million gain as NCBA Group shares surge 16.8 percent on the Nairobi Securities Exchange.
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CIC Group, linked to Kenyan tycoon Gideon Muriuki, unveils $5.6 million bonus issue
It underscores CIC Group’s commitment to enhancing superior shareholder value while strengthening liquidity and accessibility in the market.
Absa Kenya, linked to Kenyan tycoon Baloobhai Patel, posts $229.3 million profit in 2024
The leading lender’s earnings soared past $220 million, fueled by strong growth in both net interest and non-interest income.
I&M Bank, founded by Kenyan tycoon Suresh Bhagwanji Shah, to open nine new branches
By the end of next year, I&M Bank aims to reach 100 branches, further cementing its status as one of Kenya’s top-tier financial institutions.
Struggling cereals firm linked to Kenyan tycoon Ngugi Kiuna receives $10 million buyout offer
The troubled company is pinning its hopes on the potential investor, who has reportedly offered $10 million to revive operations and settle debts owed to KCB Bank Kenya.
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Cape Town, Marrakesh, Nairobi stand out as Africa’s ultra-rich hubs
A new class of centimillionaires (people with $100 million or more in investable assets) is not just growing in number but also in presence.
NCBA, backed by Kenya’s richest families, fined by regulator
NCBA, partly owned by some of Kenya’s wealthiest families, has been fined for mishandling customer data, as regulators tighten enforcement of privacy laws.
Hisham Talaat Moustafa’s stake falls by $110 million in 26 days
The setback comes on the heels of a more positive period earlier this year, when his stake grew by $54.87 million.
Wale Tinubu’s Oando faces sabotage attacks on newly acquired pipelines
Oando Plc, one of Nigeria’s leading oil companies, said three separate incidents were recorded over the past week.