Kenyan businessman Joshua Oigara’s KCB Group plans strategic acquisition in DRC
The proposed deal comes after the Oigara-led group expressed interest in negotiating another acquisition in Tanzania.
The proposed deal comes after the Oigara-led group expressed interest in negotiating another acquisition in Tanzania.
Hennessy-Barrett launched 4G Capital in 2013 after working as a loan manager for a Kenyan institution for a short time.
Kimani has a substantial 32.3-percent stake in the firm, totaling 6,330,699 shares.
Since Yu founded Wasoko in 2015, it has expanded its operations beyond Kenya and delivered 2.5 million orders.
Awori said the shifting operating climate compelled management to take urgent actions to protect capital and liquidity.
The lucrative deal is part of efforts to retrieve some of the family’s assets.
Rogers and Company Limited is a Mauritius-based international services and investment firm.
Under Oigara, the group’s assets have increased in value from $3.41 billion at the end of 2013 to $8.64 billion by the end of 2020.
Karanja launched Keroche Breweries in 1997.
Kirubi died last year at the age of 80 following a four-year battle with illness.
On the Nairobi bourse, the top three wealthiest investors are Aga Khan IV, James Mwangi and the Merali family.
Equity Group is East and Central Africa’s largest financial services group.
SEACOM is privately funded and about 75-percent African-owned.
Mbire’s 3.98-percent equity position in MTN Uganda is valued at $44.35 million.
Karanja founded Keroche Breweries in 1997.
Kakuzi is a leading agro-allied company listed on the Nairobi Stock Exchange.