East Africa — Suresh Bhagwanji Shah — Kenyan tycoon — I&M Group — Nairobi Securities Exchange — Hot News
Kenyan tycoon Suresh Bhagwanji Shah sees $3.1 million gain from I&M stake
The rise in I&M Group’s stock price highlights ongoing investor confidence and growing market interest.
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Peter Munga loses bid to block Britam shares auction over $3.35 million loan
The bank seeks to recover $3.35 million in loans owed by Equatorial Nut Processors, controlled by Munga.
Edha Nahdi's recently acquired Bamburi Cement posts $7 million loss
Bamburi Cement, recently acquired by Tanzania’s Amsons Group, reported a $7 million net loss in 2024, driven by forex losses from the sale of its Ugandan unit.
Edha Nahdi talks $380 million cement expansion with Kenya’s president
The $380 million investment will boost Kenya’s manufacturing, create jobs, and support AfCTA goals.
Samuel Dossou-Aworet-backed Tullow strikes $120 million deal to exit Kenya
This is part of Tullow's ongoing strategy to streamline operations and reduce its debt.
Latest
Abdul Samad Rabiu’s BUA Cement posts $62 million profit in Q1 2025
Pre-tax profit for the first quarter of 2025 surged to $62 million, marking a significant increase from the same period last year.
Craig Arnold-led Eaton declares $407.2 million dividend
Eaton, led by CEO Craig Arnold, announces a $407.2 million quarterly dividend, showcasing its strong financial performance and commitment to shareholder value.
Capitec to pay $47.6 million to three South African shareholders
Capitec to pay $47.6 million to three South African shareholders
Gabriel Ogbechie’s Eterna stake declines by $6.3 million
In just two months, his holdings have lost N10.16 billion ($6.32 million) due to the recent decline in stock price.