Kenyan tycoon Julius Mwale teams up in high-stakes $800-million Forbes acquisition
Mwale leads the historic Forbes acquisition, marking Africa’s rising influence in reshaping global perceptions.
East Africa
Kenyatta family’s stake in NCBA Group suffers $11.26-million decline in 2023
The Kenyatta family’s equity holdings in NCBA Group see a $11.26-million decline as stock market volatility persists.
James Mwangi powers Equity Group to robust Q1 profits, exceeding $90 million
Equity Group Holdings reports impressive Q1 profits of $90 million.
Tanzanian billionaire Rostam Aziz to build $140-million solar project in Zanzibar
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.
Chris Kirubi’s heirs suffer $1.44-million loss from stake in Kenya’s largest listed investment firm
The heirs of late Kenyan billionaire Chris Kirubi experience a significant decline in Centum Investment’s stake.
Malagasy tycoon Hassanein Hiridjee looks to acquire MTN assets
Hiridjee and his Axian Group have executed a few telecom deals in Africa in the last few years.
Kenyan banker Gideon Muriuki receives $2.1 million in remuneration in 2022
Muriuki has seen a 7.9-percent rise in compensation due to outstanding performance.
Kenyan manufacturing firm linked to 93-year-old tycoon loses $5.3-million tax dispute
The recent ruling means that Kaluworks must pay the demanded amounts for corporate tax and VAT.
Kenyan banking magnate Gideon Muriuki’s stake in Co-op Bank is now worth $11 million
Muriuki ranks among the wealthiest investors on the Nairobi Securities Exchange.
Washikala Malango: From refugee to visionary entrepreneur transforming energy in DRC
Under Washikala Malango’s leadership, Altech Group has emerged as the DRC’s leading provider of clean energy products and services.
Bank linked to Tanzanian billionaire brothers secures operating license in DRC
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank.
Kenyan entrepreneur Peter Njonjo’s firm acquires majority stake in Maisha MFB
Cactus Cantina is a wholly owned subsidiary of Shara Inc.
Tanzanian tycoon Ally Awadh’s Lake Steel reveals plans to ramp up capacity
Under Awadh, Lake Group has become one of Africa’s fastest-growing energy, logistics, and construction supply material conglomerates.
James Mwangi’s Equity Group unveils plan to open 300 clinics across Kenya
The initiative is aimed at enhancing accessibility and affordability in the country’s healthcare sector.
Paul Ndung’u loses court battle to stop $4.8-million auction
The case was brought against Ndung’u by Equity Bank.
Kenyan tycoon Benson Wairegi loses $2.6 million in eight months
Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding.