Mauritian tycoon Arnaud Lagesse’s IBL to invest $60 million in East African buyouts
The move signals IBL’s strategic commitment to the Kenyan market and its broader expansion into East Africa under the visionary leadership of Lagesse.
East Africa
Ugandan tycoon Charles Mbire takes $2.3-million hit from MTN Uganda stake
The decline in the market value of Mbire’s MTN Uganda stake underscores the challenges faced by investors in the Ugandan market.
5 companies owned by Kenyan businessman John Kibunga Kimani
Billionaires.Africa has identified and tracked companies owned by Kimani.
7 companies owned by Kenyan businessman Sarbjit Singh Rai
Billionaires.Africa has identified and tracked various companies and assets linked to Rai.
7 companies owned by Kenyan tycoon Jaswant Singh Rai
Billionaires.Africa has identified and tracked companies owned by Rai.
Tanzanian billionaire Rostam Aziz explores energy and mining investment in Zambia
This strategic move further extends Aziz’s business interests across Southern Africa.
Bank led by Kenyan banker Rebecca Mbithi plans expansion with $62.1-million rights issue
Family Bank Limited is a commercial bank headquartered in Nairobi and led by Kenyan banker Rebecca Mbithi.
5 companies owned by Kenyan tycoon Vimal Shah
According to Forbes’ 2013 ranking of Africa’s wealthiest individuals, Shah, the chairman of Bidco Africa, had a net worth of $1.6 billion.
5 companies owned by Kenyan multimillionaire Narendra Raval
Billionaires.Africa has identified five companies owned by Raval.
African hoteliers at the helm as Dubai-based luxury travel firm expands into Kenya
Miftah Concierge is a Dubai-based luxury travel service provider co-founded and led by African hoteliers Oscar Kato and Pascaline Nkwe.
Kenyan tycoon Chris Kirubi’s heirs gain $1.3 million from stake in Centum
The market value of the stake held by Kirubi’s heirs has increased from $11.02 million on May 17 to $12.34 million at the time of writing.
Kenyan tycoon James Mwangi’s gains $1.2 million from Equity Group stake
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
Kenyan investment banker Jimnah Mbaru loses $1 million in 38 days
As a non-executive director on Britam’s board, Mbaru holds a beneficial stake of 5.15 percent, comprising 130,000,000 shares in the company.
Ugandan gov’t moves to bail tycoon Patrick Bitature by acquiring his $66-million thermal power plant
Bitature sought government assistance after being embroiled in a court battle with a South African lender over a loan repayment.
Naivas, owned by Kenya’s Mukuha family, opens 100th branch
The leading retailer, which is majority-owned by the Kenyan Mukuha family, has also announced plans to add two more units by the end of the year.
Mauritian tycoon Arnaud Lagesse’s IBL to finalize drug firm Harley’s deal this month
IBL Group, under the leadership of Lagesse, stands as a leading conglomerate and one of the largest groups in Mauritius.