Nairobi-based tycoon Kamal Budhabatti’s Little announces Naivas, Carrefour as new partners
Budhabhatti founded Little in collaboration with the telecom giant Safaricom in 2016.
East Africa
Australian billionaire Andrew Forrest’s firm signs deal to build 300-MW fertilizer plant in Kenya
Forrest has a net worth of $16.7 billion.
Mauritian tycoon Arnaud Lagesse’s IBL rebounds after two difficult years
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group, or 114,369,469 shares.
Kenyan mogul John Kimani-linked NMG announces layoffs as restructuring commences
Kimani owns a significant 2.35-percent stake in NMG.
Kenyan billionaire families Moi, Rai secure court pardon in $8.2-million land battle
The Moi family is said to be Kenya’s second-largest landowner after the Kenyattas.
Kenyan sugar baron Jaswant Rai-linked firm seeks approval to set up $42.2-million factory
The Rai family is one of the wealthiest families in Kenya.
Kenyan billionaire James Mwangi’s stake in East Africa’s largest bank now worth $49 million
Kenyan billionaire Mwangi owns a sizable 3.38-percent stake in Equity Group.
Kenyan banker Gideon Muriuki gains $1 million as Co-operative Bank shares rebound
Muriuki owns a two-percent stake in the leading financial services group.
Mauritian tycoon Arnaud Mayer’s Evaco rebounds from losses, profit soars above $2 million in 2022
Mayer founded Evaco in 2001 as a real estate development company.
Kenyan tech tycoon Julius Mwale meets President Julius Bio to discuss interest in Sierra Leone
Mwale is the primary investor in Mwale Medical and Technology City.
Centum, controlled by family of late tycoon Chris Kirubi, set to repay $19-million debt
Following Kirubi’s demise, his son Robert Kirubi and daughter Mary-Ann Musangi received 80 percent of his fortune.
Mukuha family-linked retailer Naivas to open four new branches in Kenya
Naivas Supermarket is Kenya’s largest supermarket chain.
James Mwangi’s Equity Group proposes plan to support 5 million small businesses
Mwangi owns 3.38 percent of the financial services group.
Kenyan banking magnate Jimnah Mbaru entangled in child support dispute with 24-year-old
Mbaru is one of Kenya’s wealthiest businessmen.
Kenyan banker Gideon Muriuki’s Co-operative Bank to aid $413-million hustler fund
Muriuki owns a two-percent stake in the leading financial services group.
Mauritian tycoon Hector Espitalier-Noel’s ENL posts first profit in two years
ENL is a diversified conglomerate with more than 120 international and domestic brands.