Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
East Africa
Kenyan multimillionaire banker James Mwangi sees $10.2-million loss in Equity Group stake
Mwangi owns a sizable 3.38-percent stake in Equity Group.
South African mogul Mark Lamberti’s Massmart to pay ex-workers $284 each in Kenya exit deal
Massmart was founded by Mark Lamberti more than three decades ago.
Meet Ugandan-based entrepreneur who secured $30 million in funding for his startup this year
Prior to founding Asaak, Sattar worked as a data scientist at LendingHome.
Nairobi-based tech tycoon Kamal Budhabatti launches ride-hailing service in Ghana
During the launch, Budhabatti highlighted the company’s commitment to customer safety.
This 27-year-old Kenyan entrepreneur recently raised $3.7 million in funding for her startup
Jihan Abass is shaking up the East African insurance market.
French billionaire Vincent Bollore’s group completes sale of African logistics arm to MSC
Bollore derives most of his wealth from his interest in Bollore Group.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M lends $16.2 million in green loans to MSMEs
I&M Bank Group was founded by Kenyan tycoon Suresh Bhagwanji Shah in 1974.
Bank linked to Tanzanian billionaire brothers partners with IFC for financial inclusion in East Africa
CRDB Bank is owned in part by Aunali and Sajjad Rajabali.
Meet the four Black athletes on Forbes’ top 10 highest-paid athletes list
This year’s top 10 highest-paid athletes earned a total of $992 million.
Ugandan magnate Patrick Bitature seeks gov’t bailout through power plant sale
Bitature is the group CEO of Simba Group.
Five dividend-paying shares owned by African billionaires you can buy
Investing in dividend-paying stocks can be a great way to generate passive income.
Kenyan banking magnate Gideon Muriuki gains $1.4 million in six months
Muriuki derives the majority of his wealth from his two-percent stake in Co-operative Bank Group.
Tanzanian billionaire Mohammed Dewji, Kenyan president meet to advance economic partnership
Dewji is the CEO of MeTL, a diversified group.
Kenyan tycoon Julius Mwale discusses investing with 19 African presidents
He is also in talks with Senegal to build Africa’s longest bridge.
Mauritian tycoon Arnaud Lagesse’s IBL eyes new deal in East Africa
IBL is a renowned, multifaceted Mauritian conglomerate.