One of Kenya’s richest investors, James Mwangi, loses $4 million from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
East Africa
Kenyan businessman Joshua Oigara’s KCB Group receives approval to merge Rwandan units
The merger will result in the creation of the second-largest bank in Rwanda’s banking industry.
Kenyan tycoon John Kimani gains $2.2 million from Kenya-based agro-allied company
With stakes worth more than $20 million in Kakuzi, Kimani is one of the richest investors on the Nairobi Stock Exchange.
Kenyatta, Merali and Ndegwa families will receive nearly $8.9 million in dividends from NCBA Group
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.
Mauritian businessman Hector Espitalier-Noel’s ENL suffers $23.98 million in losses in 2021
The multimillion-dollar losses posted by the Mauritian conglomerate brings its total operating losses since June 2019 to $47.6 million.
James Mwangi to earn $3.3 million in dividends from Kenya’s biggest lender, Equity Group
Under Mwangi, Equity Group has grown into East and Central Africa’s largest financial services group.
John Kimani-linked Kakuzi posts $2.8 million in profit in 2021
Kimani holds a significant 32.3-percent interest in the company, totaling 6,330,699 shares.
Tanzanian businessman Hans Macha gains over $1 million from stake in CRDB Bank
Macha has a fractional 1.25-percent ownership position in the bank.
Kenyan banking mogul James Mwangi’s Equity Group reports record profits of $350 million
Equity Group has grown to become East and Central Africa’s largest financial services firm.
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.
Kenya-based 4G Capital, led by Wayne Hennessy-Barrett, raises $18.5 million
Hennessy-Barrett launched 4G Capital in 2013 after working as a loan manager for a Kenyan institution for a short time.
John Kimani-linked Kakuzi Plc receives approval to export avocados to China
Kimani has a substantial 32.3-percent stake in the firm, totaling 6,330,699 shares.
Kenya-based entrepreneur Daniel Yu’s Wasoko raises $125 million at $625-million valuation
Since Yu founded Wasoko in 2015, it has expanded its operations beyond Kenya and delivered 2.5 million orders.
Jeremy Awori’s Absa Bank Kenya reports triple-digit growth in earnings as profit exceeds $95 million
Awori said the shifting operating climate compelled management to take urgent actions to protect capital and liquidity.
Moi family of Kenya buys back majority stake in power company from steel magnate Narendra Raval
The lucrative deal is part of efforts to retrieve some of the family’s assets.
Led by Mauritian Espitalier-Noel family, Rogers suffers $19.6-million in losses in 2021
Rogers and Company Limited is a Mauritius-based international services and investment firm.