Kenya’s Merali family faces $1.9-million decline from Sasini Tea shares
The decline underscores ongoing pressures on Kenya's agricultural sector as market challenges weigh on shareholder value.
Related
Kenya’s satellite communication push challenges Starlink, other competitors
Kenya's push to benefit from the growing satellite internet industry could pose financial challenges for providers like Starlink.
Kenya Airways trading resumes on Nairobi Exchange, ends decade-long profit drought
The NSE cited improved company performance and the withdrawal of the renationalization plan as key factors behind the reinstatement.
Kenyan investor Baloobhai Patel gains from $98.2 million payout in Bamburi Cement takeover deal
Among the investors who benefited significantly is Kenyan tycoon Baloobhai Patel, who earned $15.5 million in just six months through his stake in Bamburi.
Kenya’s Merali family records $1.95 million loss from Sasini shares in 2024
Although their stake declined, the family remains a key player in Kenya's agribusiness sector.
Latest
Orascom Construction consortium powers ahead with Egypt’s largest wind farm expansion
The Ras Ghareb Wind Farm development project, reaffirms Orascom’s commitment to shaping a cleaner, more sustainable future for Egypt.
Egypt’s Hassan Allam Holding secures $703.6 million financing for Suez Wind Farm
The $703.6 million financing package was provided by a consortium of financial institutions.
South African billionaire loses $112 million as US targets Tencent in Chinese military blacklist
His 0.76% stake in Prosus dropped $73 million, while his 0.93% stake in Naspers lost $39.6 million.
Austin Avuru gains $51.1 million from Seplat stake in 2024
This comes despite the naira devaluation, reflecting the resilience of Nigeria’s energy sector.