Centum, led by heirs of late Kenyan tycoon Chris Kirubi, secures SEZ license for Two Rivers development
Centum Investment, Kenya’s largest publicly traded investment firm is partly owned by Robert Kirubi and Mary-Ann Musangi.
East Africa
Tanzanian gold magnate Ketan Patel loses $2.3-million on paper as Shanta Gold shares plunge
As the founder of the Tanzania-based mining company, Patel currently holds a 4.22-percent stake in Shanta Gold.
Kenyan tycoon Jimnah Mbaru sells millions in shares, shakes up Britam ownership
While Mbaru’s recent transaction has reduced his stake in Britam, he remains the company’s largest individual shareholder.
Kenyan tycoon Narendra Raval’s Devki Group accelerates production to meet surging demand
Raval, the chairman of Devki Group, attributed the surge in orders to competitive pricing and innovative production methods.
Kenyan banker Gideon Muriuki’s Co-op Bank adds over 500 jobs, bolstering expansion in Kenya
Under the leadership of Muriuki, Co-op Bank’s 2022 annual report revealed an impressive financial performance.
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.
Kenya’s Moi family-linked Sosian Energy electrifies national grid, paving way for power stability
Kenya’s Moi family is Kenya’s second-largest landowner after the Kenyatta family.
Tanzanian billionaires Aunali and Sajjad Rajabali lose $2.8 million as CRDB bank shares plummet
Despite this setback, the Tanzanian billionaire brothers remain among the wealthiest investors on the Dar es Salaam Stock Exchange.
James Mwangi’s Equity Group set to acquire Rwandan bank for $48.2 million
Under the leadership of James Mwangi, who owns a 3.38-percent stake in the company, Equity Group saw a 15 percent increase in profit in 2022
Kenyan tycoon Jimnah Mbaru’s firm claims resounding win in $3.3-million legal battle
Dyer & Blair, owned by Mbaru, has emerged triumphant in a $3.3-million legal battle against former KCB Director John Kung’u Kiarie.
Kenyan liquor tycoon Tabitha Karanja steps down as CEO of Keroche after 25 years
Keroche Breweries has become one of Kenya’s largest producers of alcoholic beverages.
Flutterwave, led by tech billionaire Gbenga Agboola, suffers setback as court freezes 45 bank accounts
Flutterwave is widely recognized as Africa’s most valuable tech startup.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires 130 sales agents
According to Peter Njonjo, the decision to part ways with the agents was made to ensure the company’s continued growth and success.
Tanzanian multimillionaire Said Bakhresa lists Zanzibar mansion for $12 million
Bakhresa is the founder of Tanzanian conglomerate, Bakhresa Group.
Kenyan billionaire Manu Chandaria donates $286,000 to cancer hospital
Chandaria donated the funds to the Kenyatta University Teaching, Referral and Research Hospital.
Britam, owned by Kenya’s richest investors, absorbs losses with $45.2-million payment
Britam Holdings is a prominent diversified financial services conglomerate partly owned by Kenya’s richest investors.