Khaled Mahmoud-led MTI declares financial results for period ending June 30
MTI is an Egyptian company that operates in the consumer electronics distribution and retail segment.
East Africa
Malawian tycoon Hitesh Anadkat lost $2.18 million from Telekom Networks Malawi this year
Telekom Networks Malawi is the oldest telecom company in Malawi.
Obafoluke Otudeko gains $11.84 million as Honeywell shares surge by 81 percent to three-year high
Otudeko owns a majority stake in Honeywell Flour Mills Plc.
Mauritian Ah Chuen family earns $3.86 million from ABC Banking Corp in 149 days
The gains came off the back of a double-digit rise in the bank’s share price on the Mauritian bourse.
Patrick Mweheire-led Stanbic Holdings Kenya posts $32.10-million mid-year profit
The financial services sector is revving up for recovery to pre-pandemic levels.
Gideon Muriuki gains $1.13 million in 43 days as CIC Insurance Group shares soar
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
Last week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
Patrick Nyaga-led CIC Insurance Group posts $2.38 million in profit for H1 2021
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.
Meet Haruna Sentongo, Uganda’s 34-year-old slumlord millionaire
Sentogo’s Haruna Enterprises U owns malls, apartment complexes and office buildings across Kampala.
Kenyan banker James Mwangi earns $13.1 million as Equity Group shares return to pre-pandemic levels
Equity Group Holdings Limited is a leading financial services holding headquartered in Nairobi.
38-year-old director Guillaume Dalais loses $1.9 million as CIEL shares plunge from record high
The near-$2-million loss came from a 27-day, double-digit decline in the group’s share price.
Jadiah Mwarania-led Kenya Re sees mid-year profits nosedive
Its mid-year profits fell by 66 percent compared to last year.
Chandaria brothers earn $16.1 million from property sell-off to pan-African Grit real estate group
Grit is a London Stock Exchange-listed, Mauritius-based real estate firm focused on managing diversified assets in Africa.
Ramachandran Ottapathu’s stake in Choppies, Far Property, Afinitas now worth $40.93 million
Ottapathu has played a key role in the growth and development of Botswana’s real estate sector.
Media mogul Samuel Kamau Macharia partially loses control of estate to grandson
Macharia is the chair of Royal Media Services, the largest private radio and TV network in East Africa.
Mauritian businessman Pierre-Guy Noel retires as CEO of MCB Group Limited
Noel will exit his position at the end of August after reaching retirement age of 65.