Equity Group Holdings Limited is a leading financial services holding based in Nairobi.
The funds will be used to kickstart sugarcane cultivation and sugar production.
His $7.2-billion fortune is derived from closely held companies such as Preem, Svenska Petroleum and Midroc Europe.
After a month's consultation with family and friends, she has decided to run for political office.
Investors have intensified their buying interest in CIEL shares after it posted a triple-digit growth in profit.
About 8,300 people in Kenya hold high-net-worth-individual status.
Raval's Devki Group has a near monopoly on Kenya's cement market. Clinker is a raw material used in cement production.
The company made the disclosure this morning, Oct. 18, in a statement issued from its office in Nairobi.
The gains come off the back of a double-digit increase in the bank’s shares on the Dar es Salaam Stock Exchange.
According to Mozambican and Portuguese news reports, Jair Abdula was kidnapped on Thursday night in the city of Benoni.