Kimani holds a substantial interest in Kakuzi, amounting to 34.54 percent, or 6,762,133 shares.
"Kenyan businessman"
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Patel has solidified his position as a major player in the Kenyan financial sector with his latest acquisition.
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Ndung’u is a prominent Kenyan businessman and shareholder in Pevans East Africa.
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Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA
Ndegwa owns 4.3 percent of NCBA Group, making him one of the bank’s most significant shareholders.
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Kimani controls a 34.54-percent stake in Kakuzi.
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The move follows a special resolution by Sportpesa CEO Ronald Karauri and other key stakeholders at Pevans East Africa.
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Ndung’u and Asenath Wachera Maina each owned 17 and 21 percent of Pevans East Africa.
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Bank linked to Kenyan businessman, Baloobhai Patel to pay couple $1.9 million for fraudulent shares sale
Patel owns one percent of Absa Bank Kenya, a subsidiary of Absa Group Limited of South Africa.
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Kenyan businessman James Mwangi’s Equity, NCBA fight over $1.3-million property in Nairobi
Mwangi owns a sizable 3.38-percent stake in Equity Group.
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Following the demise of Chris Kirubi, his son Robert Kirubi and daughter Mary-Ann Musangi received 80 percent of his fortune.