Led by Kenya’s richest families, NCBA Group plans expansion into eight African countries
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
East Africa
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Nairobi
Liquid C2 is a subsidiary of Liquid Intelligent Technologies.
U.S. billionaire Bill Gates-backed firm sells stakes worth $8.2 million in Kenya hospitals
Evercare Health Fund is a U.S.-based private equity fund.
Kenyan businessman James Mwangi’s Equity targets traders with $2.1-billion fund
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Kenyan tycoon Narendra Raval’s Devki Group opens $240-million steel factory
Raval founded Devki Group with his wife in Nairobi in 1986 as a small steel-processing company.
Elon Musk’s Starlink to launch satellite Internet service in Tanzania in 2023
Starlink provides global high-speed, low-latency broadband Internet.
Kenyan businessman James Mwangi’s Equity posts $281 million in profit in 9M 2022
Mwangi owns a 3.38-percent stake in Equity Group.
Kenyan entrepreneur Kageni Wilson’s Finplus crosses $1-billion transaction value mark
Kenyan entrepreneurs Kageni Wilson and Bernard Banta founded Finplus Group in 2017.
Ugandan tycoon Ham Serunjogi’s Chipper Cash to acquire Zambian fintech firm, Zoona
Chipper Cash was co-founded in 2018 by Serunjogi and his Ghanaian business partner Maijid Moujaled.
Kenyan businessman John Kimani loses $1.6 million in single day from Kakuzi
Kimani controls a 34.54-percent stake in Kakuzi.
Kenyan banker Gideon Muriuki’s Co-op Bank posts record earnings, as profits exceed $130 million
Muriuki owns a two-percent stake in the leading financial services group.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires staff, cuts allowances
Njonjo and Grant Brooke founded Twiga Foods in 2013.
Jit Bhattacharya-led BasiGo receives $6.6 million to kick-off EV assembly in Kenya
Bhattacharya and his friend Jonathan Green established BasiGo in 2021.
Kenyan tycoon Jimnah Mbaru has lost nearly $3 million this year from stake in Britam
Mbaru owns a substantial 7.72-percent stake in Britam Holdings.
Kenyan businessman James Mwangi donates $1 million to support families facing extreme hunger
Kenya is suffering from its worst drought in decades.
Wealthy Kenyatta family gains $11.6 million from stake in NCBA since start of 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.