Kenyan businessman Vimal Shah’s Bidco Africa, 25 others invest $1.6 billion in DRC
Bidco Africa is a multinational consumer goods company.
Bidco Africa is a multinational consumer goods company.
The $3.4-million payout represents the balance from their stake in Transnational Bank sold to Access Bank in 2020.
The investment will be used to put ImaliPay on a sustainable growth path as it expands its offerings.
Ndegwa owns 4.3 percent of NCBA Group, or 70,909,968 ordinary shares.
The deal fits perfectly with AXIAN Telecom’s ambitious growth plan.
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Anadkat also owns stakes in Malawi’s first telecom company, Telekom Networks Malawi, and its first bank.
Mwangi owns a significant 3.38-percent stake in Equity Group.
The merger will result in the creation of the second-largest bank in Rwanda’s banking industry.
With stakes worth more than $20 million in Kakuzi, Kimani is one of the richest investors on the Nairobi Stock Exchange.
The family of the late Jomo Kenyatta, Kenya’s prime minister from 1963 to 1964, will receive a dividend of $4.27 million from their stake.
The multimillion-dollar losses posted by the Mauritian conglomerate brings its total operating losses since June 2019 to $47.6 million.
Under Mwangi, Equity Group has grown into East and Central Africa’s largest financial services group.
Kimani holds a significant 32.3-percent interest in the company, totaling 6,330,699 shares.
Macha has a fractional 1.25-percent ownership position in the bank.
Equity Group has grown to become East and Central Africa’s largest financial services firm.