Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group earns $23.2 million in profit in Q1 2022
Shah built I&M Group into East Africa’s leading commercial banking organization.
East Africa
Kenyan industrialist Baloobhai Patel buys additional $647,200 stake in Co-operative Bank
The new shares represent a significant increase in his portfolio.
Nigerian oil tycoon Michael Prest’s Petrodel to revive gas production in Tanzania
Petrodel Resources was founded in 2001.
Wealthy Tanzanian Rajabali brothers gain $4.31 million from CRDB Bank stake
CRDB Bank is the largest commercial bank in Tanzania.
5 multimillionaires from Sudan you’ve never heard of
You might not know their names, but you should.
5 multimillionaires from Rwanda you’ve never heard of
You might not know their names, but you should.
5 multimillionaires from Djibouti you’ve never heard of
Meet five ultra-wealthy Djiboutian entrepreneurs who are individually worth $30 million or more.
Kenyan businessmen Ronald Karauri, Paul Ndung’u received $15.8 million in dividends from SportPesa over four years
SportPesa is a leading sports news and betting technology company.
Kenyan businessman John Kimani receives $1.2 million in dividends from agro-allied firm, Kakuzi
Kimani owns a 32.3-percent stake in Kenyan agricultural company.
Led by Kenyan banker James Mwangi, Equity Group invests $3.3 million in DRC subsidiary
Its total investment in the country is now $148.4 million.
Tanzania’s richest man Mohammed ‘Mo’ Dewji gives commencement speech at Georgetown University
Tanzania’s richest man also received an honorary doctorate in humane letters.
Ugandan mogul Patrick Bitature, Vantage Capital at odds over $30-million property loan
Bitature is the founder, chairman and group CEO of Simba Group.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods injects $10-million into new farming venture
Njonjo and Grant Brooke founded Twiga Foods in 2013.
Led by Mauritian businessman Jean Ribet, BMH rebounds from loss; earnings surge
Ribet controls a significant 3.32-percent stake in the company worth $1.71 million.
Elloe, an AI-powered startup led by Kenyan entrepreneur Owen Sakawa, raises $1 million in pre-seed round
Elloe is an AI-powered, conversational commerce platform.
Kenyan banking tycoon Gideon Muriuki to pocket $882,400 in Co-operative Bank dividends
The dividend will be paid from the group’s retained earnings of $741.9 million at the end of 2021.