Kenyan multimillionaire banker James Mwangi loses nearly $5 million in 56 days as Equity Group shares retreat from 21-month high
Equity Group Holdings Limited is a leading financial services holding based in Nairobi.
Equity Group Holdings Limited is a leading financial services holding based in Nairobi.
The funds will be used to kickstart sugarcane cultivation and sugar production.
His $7.2-billion fortune is derived from closely held companies such as Preem, Svenska Petroleum and Midroc Europe.
After a month’s consultation with family and friends, she has decided to run for political office.
Investors have intensified their buying interest in CIEL shares after it posted a triple-digit growth in profit.
About 8,300 people in Kenya hold high-net-worth-individual status.
Raval’s Devki Group has a near monopoly on Kenya’s cement market. Clinker is a raw material used in cement production.
The company made the disclosure this morning, Oct. 18, in a statement issued from its office in Nairobi.
The gains come off the back of a double-digit increase in the bank’s shares on the Dar es Salaam Stock Exchange.
According to Mozambican and Portuguese news reports, Jair Abdula was kidnapped on Thursday night in the city of Benoni.
Mbire said the listing reaffirms its commitment to expanding investment opportunities for Ugandans.
The loss came off the back of profit-taking actions and portfolio-rotation activities on the Nairobi Stock Exchange.
Gebreyes has played seminal roles in the founding of companies with operations in Africa and abroad.
Formerly Barclays Bank Kenya, Absa Bank Kenya is the local subsidiary of the South Africa-based Absa Group.
The bid puts him ahead of steel tycoon Narendra Raval and Rai Group Chairman Jaswant Rai.
The dividend will be paid from the group’s full-year profits of $10.45 million for the period ending June 30.