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Equity Group CEO James Mwangi confirmed plans to establish two separate insurance businesses in the DRC as the Kenyan banking giant deepens its commitment to its most profitable international market.
Kaushik Burman's Spiro, Africa's largest electric-motorcycle company, has acquired UK engineering firm Coexlion and will open its first African R&D center in Nairobi.
Jumia shareholders formally elected Hassanein Hiridjee to the supervisory board on May 15 with 98% support, cementing Axian's governance role as the NYSE-listed e-commerce group targets 2027 profitability.
Prateek Suri claims a $5 billion acquisition made him Africa's richest Indian. The acquirer changes names depending on which publication you read, and his products are nearly impossible to find in African retail.
Tanzania's Amsons Group is in advanced talks to acquire Geneva-based Oryx Energies for $250 million, including its Tanzania fuel and LPG assets.
Tanzania's government told parliament it is negotiating a takeover of over 2,000 idle hectares of Mo Dewji's MeTL tea estates in Mbeya to restart production and protect farmers.
Company records show Joshua Kulei is a beneficial owner of Liaison Capital, the firm behind Kenya's Sh42 billion Talanta Sports City and Sh415 billion military housing programme.
MTN Uganda chairman Charles Mbire said the company is open to a Starlink partnership after Uganda formally licensed the satellite internet provider on May 15.
A Kenyan court has rejected a bid to remove key evidence in a criminal defamation case brought by Mombasa port billionaire Abubakar Joho over drug trafficking claims.
Amsons Group CEO Edha Nahdi told the Africa CEO Forum in Kigali that African businesses must stop depending on foreign donors and take ownership of the continent's development financing.
Equity Group CEO James Mwangi told Reuters the bank is targeting acquisitions in Angola, Zambia and Mozambique as it follows the Lobito Corridor trade route south.
Sudhir Ruparelia was expelled from Uganda at 16 with nothing, worked in UK factories to survive, then returned in 1985 with $25,000 and built the country's largest business empire worth $1.2 billion.
Japan's Asahi Group Holdings has won capital-markets clearance in Kenya, Tanzania and Uganda for its $2.3 billion takeover of East African Breweries from Diageo.
Uganda's parliament is demanding answers after Amina Moghe Hersi's Atiak Sugar Factory consumed $204 million in public and private funds without producing sugar in years.
Co-op Bank posted a record first-quarter profit of Ksh11.37 billion and confirmed its South Sudan subsidiary turned a quarterly profit for the first time.
WPP Scangroup appointed three new non-executive directors just days after Bharat Thakrar filed a formal demand for a special general meeting to remove the entire board.