‘We won’t reopen Keroche,’ KRA replies to Kenyan liquor tycoon Tabitha Karanja
The Kenya Revenue Authority (KRA) said it is demanding full accountability from Karanja.
East Africa
Tanzanian billionaire Mohammed Dewji looks to raise $1 billion to expand empire
Dewji, Tanzania’s richest man, is the CEO of MeTL Group, one of East Africa’s largest business groups.
James Mwangi’s Equity Group funds Kigali Financial Towers with $100-million investment
Rwandan President Paul Kagame participated in the groundbreaking ceremony of the project.
Kenyan tycoon Tabitha Karanja says Keroche’s revenue has fallen below $1 million due to shutdown
Karanja complained that it is unbearable to witness the loss of over 400 jobs.
University linked to Kenya’s Moi family seeks approval for $298-million private hospital
The Moi family is reputed to be Kenya’s second-largest landowners after the Kenyatta family.
Ugandan magnate Patrick Bitature loses court bid to block auctioning of prime real estate assets
The ruling implies that the auction of Bitature’s real estate empire can continue.
Kenyan executive Frank Aswani-led AVPA launches African Healthcare Funders Forum
AVPA has catalyzed communities of response in Africa to support various COVID-19 efforts.
Mauritian Doger de Speville family loses $2-million in 32 days
Despite the recent decline in the market value of his stake, the family remains one of Mauritius’ wealthiest.
Kenyan businessman Joe Wanjui sues British multinational firm Unilever over sale of stakes in Limuru Tea
Wanjui derives his wealth from a diversified investment portfolio.
Malagasy tycoon Hassanein Hiridjee’s AXIAN invests in Egyptian tech fund
Hiridjee controls AXIAN, one of Madagascar’s largest conglomerates.
Kenyan banking magnate Jimnah Mbaru loses $1.7 million from Britam stake
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Bank of Uganda takes interest in $10-million loan dispute between Patrick Bitature, Vantage Capital
Bitature is the founder, chairman, and group CEO of Simba Group, an East African conglomerate.
Wealthy Kenyan Ndegwa family gains $3.1 million from stake in NCBA Group
The Ndegwa family owns 12.52 percent of NCBA Group, which is worth more than $45 million.
Mauritian magnate Dominique Galea-led insurer MUA announces $10-million equity investment
Galea owns 15.43 percent of the insurer, worth $25.5 million.
Kenyan mogul Julius Mwale sets eyes on mineral-rich DRC after attempt to revive Mumias Sugar
Mwale is a principal investor in Mwale Medical and Technology City.
Kenyan mogul Gideon Muriuki’s Co-operative Bank Group records over $103.5 million in profit in Q1 2022
Muriuki owns a two-percent stake in the group.