Startup led by Kenya-born American entrepreneur secures $40 million to build Sub-Saharan Africa’s largest mini-grid
This will enable Nuru, under the leadership of Shaw, to undertake ambitious new projects.
East Africa
10 companies owned by Africa’s youngest billionaire, Mohammed Dewji
These are the 10 most important assets owned by Dewji, the CEO of MeTL.
Mauritian tycoon Arnaud Lagesse’s IBL invests in Mambo Retail to acquire stake in Naivas
Arnaud Lagesse, alongside his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, holds a 16.8-percent joint stake in IBL.
NMG distributes $2-million dividend to Kenyan tycoon John Kimani and other shareholders
Among the beneficiaries of this remarkable dividend payout, John Kimani, one of Kenya’s wealthiest investors, will receive $83,300.
Kenyan tycoon Suresh Bhagwanji Shah loses $4.95 million amid I&M Bank’s share-price nosedive
Shah holds a beneficial stake of 10.98 percent, consolidating his position as a major stakeholder in the company.
Kenyan tycoon Ronald Karauri’s Sportpesa commits $260,000 to support Kenyan Rugby
Karauri emphasized that SportPesa is committed to the long-term development of rugby in Kenya.
The 10 richest Tanzanians on the Dar es Salaam Stock Exchange
Billionaires.Africa presents its ranking of the 10 richest investors on the Dar es Salaam Stock Exchange in 2023.
The 7 richest people on the Uganda Securities Exchange
Billionaires.Africa presents its ranking of the seven richest investors on the Uganda Securities Exchange in 2023.
The 10 richest people on the Nairobi Securities Exchange in 2023
Billionaires.Africa presents its ranking of the 10 richest investors on the Nairobi Securities Exchange in 2023.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Late Kenyan tycoon Naushad Merali’s family’s stake in Sasini Tea surpasses $30-million mark
With their remarkable gains in the stock market and increased profitability, the Merali family continues strengthening their financial standing.
Tanzanian billionaire Rostam Aziz unveils $100-million deal for Zambia’s first LPG facility
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
Kenyan mogul Myke Rabar’s Homeboyz to divest 30-percent stake
Established in 1995 as a DJ outfit by Rabar, Homeboyz has become a prominent player in the entertainment scene in Kenya.
Tanzanian billionaire Mohammed Dewji wins Industrialist of the Year Award
Dewji was named “Industrialist of the Year” at the All Africa Business Leaders Awards annual gala in South Africa on Friday.
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi halts plans to dilute stake in Two Rivers unit
Centum Investment Plc is controlled by Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire
Kenyan tycoon James Mwangi’s Equity Group to invest $5.7 million in insurance business
Under James Mwangi, who holds a 3.38-percent stake in the company, Equity Group witnessed a 15 percent increase in profits in 2022