Britam, owned by Kenya's richest investors, eyes investors with fixed-income dollar fund
This strategic move aims to tap into the growing interest in dollar-denominated instruments.
East Africa
Mauritian tycoon Arnaud Lagesse guides IBL to record $2.2-billion revenue in H1 2024
IBL Group sees record-breaking revenue of $2.2 billion under Mauritian businessman Arnaud Lagesse's leadership.
Kenya’s richest banker James Mwangi gains $5.3 million from stake in Equity Group
Mwangi, who holds a 3.38 percent stake, equivalent to 127,809,180 ordinary shares, has seen his investment rebound by Ksh683.78 million ($5.3 million) over the past seven weeks.
Luxury apartments worth $7.7 million handed over by firm linked to Kenyan billionaire heiress Mary-Ann Musangi
The luxury units are priced between Ksh36 million ($280,000) and Ksh52 million ($404,000), reflecting a significant increase in value.
Kenyan executive Peter Ndegwa-led Safaricom resumes talks with Starlink as competition heats up
This comes as Safaricom confronts an increasingly competitive environment in its home market, where it has historically maintained a stronghold.
Kenyan executive James Ndegwa gains $2.4 million from NCBA stake in 11 days
Ndegwa, the former chairman of Kenya’s Capital Markets Authority, owns 4.57 percent of the Nairobi-based financial services conglomerate.
Elon Musk’s Starlink introduces portable kit in Kenya amid expansion push in Africa
Dubbed the ‘Starlink Mini,’ the kit, priced at Ksh27,000 ($210), is significantly cheaper than the existing Ksh45,500 ($354) standard package.
NCBA, backed by Kenya’s richest families, to provide digital skills training for 3,000 employees
This initiative marks a significant step in the bank’s commitment to enhancing its workforce’s expertise in emerging technologies.
Kenyan tycoon Peter Ndegwa-led Safaricom secures second $116-million sustainability-linked loan
This follows a similar loan obtained last year, bringing the total to Ksh30 billion ($232.2 million).
Hassanein Hiridjee’s AXIAN Group completes stake acquisition in Ivorian insurance startup
The acquisition, finalized in mid-July 2024, positions AXIAN as WiASSUR’s second-largest shareholder and grants the conglomerate a governance role.
Kenyan tycoon Edward Kirathe’s Acorn to delist $44.2-million green bond from NSE
Acorn’s portfolio under Edward Kirathe includes 17,000 beds in 17 student housing properties, with an additional 6,000 beds under development.
Kenyan exec Peter Ndegwa's Safaricom partners with Mastercard to accelerate cross-border remittance
The collaboration is set to accelerate the growth of digital payments, reinforcing Safaricom’s leadership in financial innovation across the region.
Indian billionaire Gautam Adani's energy firm pushes on with transmission deal in Kenya
This clarification comes after a presidential adviser previously suggested that deals worth up to $1.3 billion had been finalized.
Bamburi Cement, linked to Kenyan tycoon Baloobhai Patel, receives new $193.7-million offer
Savannah Clinker has proposed purchasing all 362.9 million shares of Bamburi at Ksh70 ($0.54) per share.
Zimbabwean billionaire Strive Masiyiwa boosts capacity for cross-border services in East Africa
This underscores Liquid’s commitment to enhancing East Africa's digital infrastructure as competition in the region intensifies.
Kenyan court halts India’s second-richest man Gautam Adani’s airport lease deal
The Law Society of Kenya (LSK) and the Kenya Human Rights Commission (KHRC) filed a joint application urging the court to block the agreement.