Kenyan banker James Mwangi gains $8 million in four months on Equity Group stake
James Mwangi's 127.8 million Equity Group shares are now worth $75 million, up $8 million since Billionaires.Africa ranked him fourth on the NSE rich list in February.
East Africa
Madagascar billionaire Hassanein Hiridjee's Axian Telecom secures €170 million EBRD loan to expand African networks
Hassanein Hiridjee's Axian Telecom has lined up a fresh €170 million EBRD loan to expand mobile and fibre infrastructure across Senegal and Kenya.
Kenya's auditor general says tycoon Mary Wambui's firm won $3.1 million in tenders she helped oversee
Kenya's Auditor General has flagged a conflict of interest after Mary Wambui's company won $3.1 million in digital superhighway contracts while she chaired the Communications Authority board.
Kenyan businesswoman Mary Wambui has days to pay $775,000 or lose her $73.6 million hotel
Kenya's High Court has ordered billionaire Mary Wambui to deposit KES 100 million ($775,000) within seven days or Equity Bank will auction her KES 9.5 billion Glee Hotel.