Moi family of Kenya sells stake in Siginon Aviation in $15.2-million deal
Siginon Aviation is controlled by the family of the late Kenyan head of state, Daniel Arap Moi.
East Africa
Kenyan businessman Benson Wairegi loses $740,000 as shares in Britam Holdings decline by nearly 10 percent
Wairegi stepped down from Britam’s board on May 28 after serving in the company for more than four decades.
Kenyan tycoon Jimnah Mbaru loses more than $1.4 million as Britam Holdings shares retreat
Investors are stepping back from the company as it prepares to publish its financial results for 9M 2021.
Kenyan banking tycoon James Mwangi to remain with Equity Group until 2032; stake in group is worth $58.37 million
Equity Group Holdings Limited is Kenya’s leading financial services holding.
Diane Karusisi-led Bank of Kigali reports 33-percent increase in profit, earnings surge above $35 million
BK Group is a non-operating holding registered with the Rwanda Development Board.
James Mwangi-led Equity Group posts $240.83 million in profit in 9M 2021
Equity Group Holdings is Kenya’s leading financial services holding.
Malawian tycoon Hitesh Anadkat gains $40.53 million in 2021 as shares in FMB Capital Holdings surge
Anadkat founded the holding in 1995 and is the largest shareholder in the leading financial services group.
James Mwangi’s Equity Group appears set to acquire local rivals as part of growth strategy
Equity Group is a leading financial services holding based in Nairobi, the capital and largest city of Kenya.
Charles Mbire-led MTN Uganda gets thumbs up to market IPO to local investors in Kenya
MTN Uganda will be the fourth operating subsidiary of the South African MTN Group to be listed in Africa.
Aga Khan IV loses $4.07 million in two months as shares in Nation Media Group slump by 19 percent
Aga Khan IV holds a 44.7-percent stake in the group through The Aga Khan Fund for Economic Development.
Mauritian multimillionaire Hector Espitalier-Noel gains $7.3 million in single month as ENL shares surge by 15.8 percent
ENL is a broad-based conglomerate managing a portfolio of more than 120 global and homegrown brands.
Samuel Jonah’s Helios Towers acquires Airtel Africa’s infrastructure company in Madagascar for $51.7 million
Helios Towers is a leading independent telecom infrastructure group in Africa.
Kenyan tycoon Julius Mwale plans to bring in Dangote-connected firm to manage Mumias Sugar
Indian engineering consultancy firm J.P Mukherji & Associates operates in more than 30 countries across four continents.
Kenyan tycoon Baloobhai Patel now owns 49.9-percent stake in Carbacid Investments
Carbacid Investments is an investment holding with interests in carbon dioxide gas production processing and marketing.
Vivienne Yeda-led Kenya Power rebounds from losses, profit soars above $13 million in H1 2021
Kenya Power transmits, distributes and retails electricity to customers throughout Kenya.
Ham Serunjogi’s Chipper Cash gets $2-billion valuation with $150-million Series-C round
The cross-border payment platform offers mobile-based, fee-less, peer-to-peer payment services in Africa.