Kenyan businessman Joshua Oigara receives extension to stay with KCB Group until December
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.
East Africa
Kenyan tycoon Tabitha Karanja rules out stake sale in $198.8-million row
Karanja launched Keroche Breweries in 1997.
Kenya’s Kirubi family loses $2.6 million in 53 days
Kirubi died last year at the age of 80 following a four-year battle with illness.
Ten richest investors on the Nairobi Stock Exchange in 2022
On the Nairobi bourse, the top three wealthiest investors are Aga Khan IV, James Mwangi and the Merali family.
Kenyan banker James Mwangi’s Equity Group launches $6-billion regional economic stimulus plan
Equity Group is East and Central Africa’s largest financial services group.
Aga Khan-backed Jubilee acquires additional stake in Johann Rupert-linked SEACOM
SEACOM is privately funded and about 75-percent African-owned.
Charles Mbire-led MTN Uganda reports $94.26 million in profit in 2021
Mbire’s 3.98-percent equity position in MTN Uganda is valued at $44.35 million.
Kenyan liquor tycoon Tabitha Karanja appeals to gov’t to intervene in KRA tax dispute
Karanja founded Keroche Breweries in 1997.
Kenyan businessman John Kimani gains over $1.6 million from stake in Kakuzi
Kakuzi is a leading agro-allied company listed on the Nairobi Stock Exchange.
Richest investor on Nairobi Stock Exchange Aga Khan IV loses nearly $10 million since start of 2022
Aga Khan IV remains the Nairobi Exchange’s richest investor, with a total portfolio worth of more than $105 million.
Kenyan tycoon Suresh Bhagwanji Shah gains over $1.4 million from stake in I&M Bank
I&M Bank Group is a leading non-operating holding company situated in Kenya.
Wealthy Kenyan businessman Andrew Ndegwa loses $1.1 million in three weeks
Ndegwa’s 4.3-percent stake in NCBA Group, now worth $15 million, has dropped in value in recent weeks.
British businessman Keith Palmer’s AgDevCo secures $90 million to invest in African agribusiness
AgDevCo was founded in 2010 by British businessman Keith Palmer.
Mauritian Doger de Speville family gains $4.3 million from stake in Medine
Members of the family include Marie Therese Doger De Speville, Thomas Doger de Spéville, and 82-year-old Pierre Doger de Speville.
MarketForce gets $40 million in funding backed by Kenyan businessman Ken Njoroge
MarketForce established a strategic partnership with Cellulant in December.
Kenyan tycoon Jimnah Mbaru loses $1.1 million from stake in Britam Holdings
Britam Holdings is a leading financial services provider with operations throughout Southern and East Africa.