Tanzanian Rajabali brothers gain $2.1 million as CRDB Bank shares skyrocket by double digits
The multimillionaire brothers, Aunali and Sajjad Rajabali, own a 2.6-percent stake in the Dar es Salaam-based lender.
The multimillionaire brothers, Aunali and Sajjad Rajabali, own a 2.6-percent stake in the Dar es Salaam-based lender.
Lux Resorts is a leading luxury hotel operator with properties and operations in Mauritius, the Maldives, China, France and Vietnam.
The acquisition aligns with the firm’s mission to break the three-percent insurance penetration barrier in Africa.
The seed round was completed nearly a year after the Kenyan startup completed its pre-seed funding.
Following the deal, Eydon Petroleum’s operations will be integrated into Axian’s existing portfolio.
The legal action is expected to exacerbate the Rai brothers’ feud over their late father’s inheritance.
Bboxx is a next-generation utility company.
Copia is a B2C e-commerce platform serving middle- and low-income African consumers.
The funds will be deployed to render support through microcredit loans to small and medium-type businesses in Kenya.
The assets include the Hobbes Prospect within the Yarri Project in the Eastern Goldfields.
Njuguna played a strategic role as finance director in the execution of the group’s turnaround strategy.
Lipa Later is a Kenyan consumer credit platform co-founded by Kenyan tech entrepreneur Eric Muli in 2018.
The court action comes nearly two weeks after Kenyan tycoon Julius Mwale challenged the leasing of Mumias Sugar’s assets to Sarrai Group.
Patel owns a 49.9-percent stake in Carbacid.
Mwangi, the CEO and managing director of Equity Group, owns a 3.38-percent stake in the bank.
BHP Group will invest $40 million to accelerate the development of the Kabanga deposit.