Wealthy Mukuha family of Kenya in bitter feud over stake in Naivas supermarket chain
Founded by the late Kenyan businessman Peter Mukuha Kago, Naivas Supermarket is Kenya’s largest supermarket chain.
East Africa
Kenyan sugar baron Jaswant Rai taken to court by brothers over inheritance
The two brothers object to the will and believe their father could have been coerced into crafting the document.
Ugandan tycoon Charles Mbire’s stake in MTN gets $49.6-million valuation following IPO
The public offering was the largest-ever in the history of Uganda.
Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
Centum, controlled by family of late tycoon Chris Kirubi, kicks off new dividend policy
Centum is a leading East African investment company with investments in real estate and private-equity assets.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group profit surges by 70 percent above $51 million in 9M 2021
I&M Holdings, or I&M Group, is the Kenya-based non-operating holding for I&M Bank Limited.
Mauritian businessman Pierre Guy Noel gains $2.3 million in 2021 as MCB Group shares surge
MCB Group is Mauritius’ most extensive banking institution.
John Gachora-led NCBA Group reports 159-percent surge in earnings in 9M 2021
Gahora holds a total of 381,755 ordinary shares in the Kenyan financial services provider.
Kenyan startup founder Ken Njoroge’s Cellutant links up with ImaliPay to ease payments for gig workers
ImaliPay is a financial platform for digital workers co-founded by two Cellutant alumni.
Gideon Muriuki’s Co-operative Bank of Kenya secures $56.4-million EU loan to support SMEs
The facility will be used to provide capital and long-term local currency loans to businesses hit by COVID-19.
Kenyan banker Gideon Muriuki loses $900,000 in three months as shares in Co-operative Bank Group fall
Muriuki is the CEO of Co-operative Bank Group, one of the largest financial institutions in East Africa.
Malagasy tycoon Hassanein Hiridjee’s Axian Group commits to $6-billion Actis energy fund
The investment highlights the group’s commitment to projects bolstering the global transition to renewable energy.
Mauritian businessman Hector Espitalier-Noel to pocket $300,540 in interim dividends
ENL is a conglomerate managing a diverse portfolio of more than 120 global and homegrown brands.
Kenyan multimillionaire Gideon Muriuki’s Co-operative Bank Group reports $103.54 million in earnings
Co-op Bank Group is one of the largest financial institutions in East Africa.
Joshua Oigara-led KCB Group posts $224.37 million in profit as earnings in 9M 2021 surge
KCB Group is one of East Africa’s largest commercial banking groups.
Ethiopian billionaire Mohammed Al-Amoudi loses $170 million in two weeks
Al-Amoudi’s $7.05-billion net worth makes him the richest man in Ethiopia, and one of the wealthiest men in Africa.