Safaricom, led by Peter Ndegwa, to pay $372 million in dividends to shareholders
Safaricom, led by Peter Ndegwa, declared a $372.6 million dividend after surpassing $3 billion in revenue, marking its third straight strong payout.
East Africa
I&M Group, founded by Suresh Bhagwanji Shah, expands reach with new Mount Kenya branch
I&M expands in Kenya’s Mount Kenya region with eco-branch, boosting inclusive banking and regional investment.
Ugandan tycoon Charles Mbire-led MTN Uganda unveils fintech spin-off
MTN Uganda will spin off its mobile money unit into a standalone fintech firm, aiming for IPO and long-term growth in East Africa's digital economy.
Kenyan businessman Peter Munga faces eviction from 75-acre property
Court orders Peter Munga to vacate 75-acre school land after Del Monte wins a long-standing lease dispute.
Tanzania’s first dollar billionaire, Rostam Aziz, proposes $100 million youth talent fund
Rostam Aziz calls for $100 million youth talent fund and education reforms as he expands Taifa Gas with a $1.9 billion facility in Kenya.
Kenyan banker James Mwangi confirms Equity Group’s first UAE branch coming by end of 2025
Equity Group targets UAE expansion by Q4 2025 as part of a broader push to deepen Africa–Middle East trade and investment ties.
Kenyan tycoon Narendra Raval faces tax blow as cement empire comes under fire
Auditor-General Nancy Gathungu has warned that granting tax waivers without a proper legal basis could open the floodgates to abuse.
Kenyan tycoon Peter Munga partners with Nairobi expressway developer
Kenyan tycoon Peter Munga teams up with U.S.-based Everstrong Capital in $3.62-billion toll road project, marking a new chapter in his business empire.
Family of Kenya's longest-serving spy chief wins $77 million land battle
Kenyan court restores $77 million estate to Kanyotu family, voids fraudulent sale of 500-acre land in Ruiru after forged documents exposed.
Kenyan executive Peter Ndegwa pockets $2.3 million salary from Safaricom
Kenyan CEO Peter Ndegwa received $2.3 million from Safaricom, reflecting growth in share-based awards despite profit declines.
Tanzanian billionaire Said Bakhresa opens $100 million soya plant in Malawi
$100 million plant to process 500 tons of soya daily, boost Malawi’s agriculture, and reduce reliance on imported cooking oil.
Kenyan businessman Narendra Raval’s $85 million plant hits snag over lease conflict
Land dispute stalls Kenyan businessman Narendra Raval’s iron plant in Voi as county disowns lease, citing illegal leadership deal.
Mauritian tycoon Arnaud Lagesse's Phoenix completes $80 million acquisition in Seychelles
Phoenix Beverages buys 54.4% stake in Seychelles Breweries from Diageo to boost growth across East Africa and the Indian Ocean.
From Land to banks: Kenyatta family’s NCBA stake now worth over $100 million
Kenyatta family’s NCBA stake tops $100 million as shares rally 14% on the NSE, boosting wealth and reinforcing influence across East Africa.
Hassanein Hiridjee’s AXIAN eyes Jumia buyout as market value hits $600 million
AXIAN Telecom considers buying Jumia after raising stake and securing $600 million in bonds to boost Africa’s digital commerce growth.
After Kenya’s $20 million surprise, world’s richest investor gives away $6 billion
Warren Buffett gives $6 billion in Berkshire shares to five foundations, on the heels of a $20 million grant to Kenya’s health system.