Kenyan tycoon Julius Mwale threatens court action after losing hold over Mumias Sugar
After losing their bid to revive Mumias Sugar, Mwale and Gale are challenging the tender process.
After losing their bid to revive Mumias Sugar, Mwale and Gale are challenging the tender process.
Yapi Merkezi Group is a Turkish behemoth founded by multimillionaire businessmen Ersin Arioglu and Koksal Anadol.
The deal comes at a premium of nearly 11 percent over Equity Group’s share price.
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.
The development follows a series of public demonstrations against the contract.
Britam Holdings is a diversified financial services provider with a presence in Southern and East Africa.
Doshi is the owner of Doshi Group, a provider of steel, electrical, water, hardware and telecom solutions.
Dalais, who is the chairman of the Mauritian conglomerate, holds an eight-percent stake in the broad-based conglomerate.
Sarrai Group has edged out Mwale to win the lease to operate and revive Mumias Sugar.
Lux Resorts is a leading luxury hotel operator and resort owner in Mauritius.
The tycoon was accused of perpetrating the crime through one of his platforms — Aidos Kuneen cryptocurrency.
Shah holds a 10.8-percent stake in the Kenyan company, amounting to 178,514,362 ordinary shares.
Due to legal and regulatory roadblocks, the finalization of the deal has now dragged on for more than one year.
Mumias Sugar was once the largest sugar manufacturer in Kenya.
Mara Phones is a subsidiary of Mara Group and operates in Rwanda and South Africa.
Wei is a successful entrepreneur and the founder of Mobvista, a leading digital advertising company.