James Mwangi, the Ndegwa and Kenyatta families to pocket Sh5.75 billion in Kenya bank dividends
Kenya's record bank profit year will deliver Sh5.75 billion in dividends to the country's richest investors including James Mwangi and the Ndegwa family.
East Africa
Madagascar tycoon Hassanein Hiridjee backs USDh stablecoin through AXIAN Investment
AXIAN Group CEO Hassanein Hiridjee has backed Hamilton Labs' USDh stablecoin, betting digital dollars can solve Africa's savings and payments problems.
Tosin Eniolorunda's Moniepoint enters Kenya with 78 percent stake in Sumac Microfinance Bank
Tosin Eniolorunda's Moniepoint has acquired a 78 percent majority stake in Kenya's Sumac Microfinance Bank, marking the Nigerian fintech's first major entry into East Africa.
Ugandan multimillionaire and PepsiCO bottler Amos Nzeyi donates Shs150 million to build classrooms
Ugandan businessman Amos Nzeyi has donated Shs150 million to Rwere Primary School in Rubanda, funding two classroom blocks and 12 staff housing rooms.
Kenyan tycoon David Langat plans $200 million tertiary hospital in Eldoret
Balmer Healthcare and India's Apollo Hospitals plan a Sh26 billion tertiary hospital in Eldoret aimed at keeping Kenyans from going abroad for specialist treatment.
Kenya gives 97-year-old industrialist Manu Chandaria a National Heroes Award for a lifetime of philanthropy
Kenya awarded Manu Chandaria the National Heroes Award for philanthropy spanning decades of healthcare and education investment across East Africa.
Kenya's High Court orders review of criminal proceedings in the Sh4.5 billion Absa Bank fraud case against cement tycoon Benson Ndeta
Kenya's High Court has ordered a review of criminal proceedings against Benson Ndeta in a Sh4.5 billion Absa Bank fraud case involving forged documents.
NCBA, backed by Kenya's richest families, posts $180.3 million profit and lifts dividend 22.5% ahead of Nedbank takeover
NCBA Group posted KSh 23.4 billion ($180.3 million) in full-year profit and raised its dividend by 22.5% to KSh 7.1 per share for 2025.
Meet Joshua Kulei, the prison warder who became one of Kenya's most powerful and controversial billionaires
Joshua Kulei was a prison warder who caught President Moi's eye, became his personal assistant and built one of Kenya's largest private business empires.
James Mwangi's Equity Group abandons Ethiopia-first strategy to acquire Angolan bank
James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
Innscor takes 27 percent stake in Tanganda after underwriting $8 million rights offer
Innscor Africa has secured a 27 percent stake in Tanganda Tea Company after underwriting the firm's $8 million rights offer.
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius is threatening the island's financial reputation ahead of its 2027 FATF review
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius on money laundering suspicions is raising fresh concerns about the island's FATF standing.
Kenyan Petroleum tycoon Jackson Chebett buys Tuju's Karen estate at auction
Stabex International chairman Jackson Kiplimo Chebett's company paid Sh450 million at auction for former minister Raphael Tuju's prime Karen property.
Ugandan billionaire Sudhir Ruparelia unveils One-10 luxury apartments in Kampala
Sudhir Ruparelia's Meera Investments is building One-10 Apartments, a 15-story luxury residential tower in Kampala's prestigious Kololo neighborhood.
Kenyan banker James Mwangi set to pocket $5.6 million dividend
Equity Group's record 2025 profit will pay CEO James Mwangi more than Sh734 million in dividends as the board raises its payout by 35%.
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz, confirms up to 97% gold recovery at its Imwelo project in Tanzania
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz's Taifa Mining, confirms up to 97% gold recovery at its Imwelo project in Tanzania.