East Africa

Kenya’s Ndegwa family overtakes Kenyattas, takes center stage as NCBA’s top shareholder

The Ndegwa family has strengthens its position in NCBA Group.

From family business to multinational empire: Introducing Ylias Akbaraly, Madagascar’s richest man

Akbaraly's journey from humble beginnings to global empowerment.

Kenya’s Merali family sells 35-percent stake in Nairobi-based batteries distributor

While the aggregate consideration remains undisclosed, the Naushad Merali family received a premium above the market price.

Owned by Kenya’s Mukuha family, Naivas rakes in $15.2-million profit in 9M 2023

The leadership of the Mukuha family has played a pivotal role in the company's growth.

Swiss billionaire Gianluigi Aponte’s AGL wins contract to manage Zanzibar port

Aponte is the founder of MSC, the world's largest shipping line and owner of Africa Global Logistics.