Equity stake of Mauritian businessman Arnaud Dalais in CIEL Limited gains $4.11 million
The gains in his stake were triggered by a recent surge in the company’s shares.
East Africa
Indian-Ghanian industrialist Ramchand Udharam Mohinani dies at 87
His family announced that he passed away early morning, June 12.
A blitz interview with Mohammad Al Duaij, a scion of one of Kuwait’s most prominent dynasties
Al Duaij is the CEO of Alea Global Group.
Egyptian electricity mogul Ahmed El Sewedy looks to deepen footprint in Angola
The businessman said his company is now considering launching manufacturing units there.
Stake of late Kenyan tycoon Christopher Kirubi in Centum surged by $2.8 million in two weeks
The gains in his stake can be attributed to the increase in the company’s share price on the Nairobi Stock Exchange.
Storied Kenyan tycoon Chris Kirubi passes away at 80
According to a statement published by the businessman’s family, Kirubi died at his home in Nairobi at 1 pm.
Kenyan media mogul John Kimani’s stake in Kakuzi surges by $1.17 million
The gains are due to the recent rise in the company’s shares on the Nairobi Stock Exchange.
Mombasa-based Babla family sees stake in KCB surge by $3.7 million in 128 days
The uptick in market value follows a rise in the company’s share price on the Nairobi Stock Exchange.
Tanzanian multimillionaire Rajabali brothers to pocket $635,024 CRDB Bank dividend
The brothers are the largest individual shareholders in the bank with an ownership stake of 2.6 percent.
French tycoon Gilles Gobin acquires Ugandan oil and gas firm Kobil and Delta
RUBiS Energy has now officially launched into the Ugandan market.
Kenyan investor John Kimani sees stake in Nation Media Group rise by $333,400
The increase in the value of his shares took place over 23 days.
Turkish security services admit to abducting member of influential Gulen family in Kenya
Salahuddin Gulen has turned up in Turkey after his abduction in May.
Fallen Kenyan mogul Bharat Thakrar sees stakes in WPP Scangroup rise $111,000 in 5 days
Bargain hunters recently drove up the company’s share price.
U.S. investor Jeffrey Stoops’ SBA Communications acquires Airtel’s tower operations in Tanzania
Airtel’s expansive tower portfolio will go for about $175 million.
Steel tycoon Narendra Raval injects millions into ARM Cement’s fertilizer unit
The multimillionaire has invested $16.7 million in upgrading the unit.
Tanzanian multimillionaire brothers Aunali and Sajjad Rajabali’s stake in CRDB bank soars
Its market value has climbed 35 percent in under two months.