Kenyan banker Gideon Muriuki gains $1 million in 12 days
Muriuki, who sits at the helm of Co-op Bank and ranks as one of Kenya’s leading investors, holds a significant stake of two percent in the leading financial services group.
East Africa
Bank led by Kenyan tycoon Gideon Muriuki records $120 million in profit in 9 months
Muriuki, managing director of Co-op Bank, emphasized the bank’s commitment to sustainable growth, resilience, and agility.
Egyptian billionaire-led construction giant to invest $200 million in projects across Tanzania, Ghana, and beyond
The agreement was signed by Mohy Eldin Abdin, group CFO of Hassan Allam Group, and Kanayo Awani, executive vice president of Intra-African Trade Bank at Afreximbank.
Lender linked to Kenya’s richest families commits $198 million for green financing
NCBA Group is a Nairobi-based financial services conglomerate partially owned by the Kenyatta family renowned as Kenya’s largest landowners.
Africa’s newest billionaires to launch multimillion-dollar industrial city in Tanzania
This venture comes on the heels of Elsewedy Electric’s $40 million investment in a Tanzanian electrical tools factory in 2021.
Kenyan top executive James Ndegwa loses $2.4 million from NCBA Group stake
Ndegwa, the former chairman of the Capital Markets Authority is a top figure in the Kenyan business scene.
7 richest Tanzanians on the Dar es Salaam Stock Exchange
Here are seven individuals who possess the highest stock ownership positions on the Dar es Salaam Stock Exchange.
Nairobi-based entrepreneur Jit Bhattacharya’s BasiGo secures $1.5-million grant from USAID
BasiGo aims to revolutionize Kenya’s public transportation sector by providing a cost-effective electric alternative to diesel.
7 richest people on the Uganda Securities Exchange
Here are the seven individuals who currently hold the most valuable portfolios on the Uganda Securities Exchange:
Kenyan tycoon Baloobhai Patel-linked cement firm clears 60 percent of $2-million tax debt
Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax debt
10 richest people on the Nairobi Securities Exchange in November 2023
According to the latest list, well-known Kenyan business figures like John Kimani, James Mwangi and Gideon Muriuki have taken a hit in their wealth so far this year.
Wealthy Kenyan tycoon Andrew Ndegwa faces $1.3-million loss in 16 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.
Bank led by Kenyan banker James Mwangi injects $4.6 billion to drive African recovery and resilience
Mwangi, the managing director and CEO of Equity Group, shared details of this ambitious plan during a recent interview in Kenya.
Kenyan tycoon Arvinder Reel leads CFAO to dominate Kenya’s luxury car market
Reel’s leadership has been instrumental in the aggressive expansion of CFAO’s network of branches, dealerships, and authorized service centers across Kenya.
Kenyan tycoon Suresh Bhagwanji Shah loses $1.8 million from I&M Bank stake
Shah is credited with transforming I&M into one of East Africa’s leading banking groups.
Kenyan tycoon James Mwangi earns $1.4-million salary from Equity Group
Mwangi has played a key role in Equity Group’s expansion over the years, leading the expansion of the lender’s operations into multiple countries.