Kenyan court spares Ronald Karauri’s SportPesa from state asset seizure
SportPesa and its owners will not face asset seizures, bank account freezes, or travel bans.
East Africa
Kenyan government eyes former Nairobi Governor Evans Kidero’s luxury real estate in capital
A trail of cash allegedly stolen from City Hall seems to lead back to the governor.
Financially distressed AAR Healthcare unit in Tanzania put under liquidation
The healthcare provider is exiting after a decade-long presence in Tanzania.
Nairobi-based mobile payments platform Cellulant passes baton to Acting CEO Akshay Grover
Kenyan entrepreneur and company founder Ken Njoroge previously headed the company.
Top Kenyan officials called before court to account for missing member of wealthy Gulen family
The court has summoned three top officials to account for Selahaddin Gulen’s disappearance.
Ugandan tycoon Patrick Bitature re-elected as chairman of energy distributor Umeme
Bitature has been on the board since November 2007.
Liquor mogul Tabitha Karanja’s Keroche Breweries ready to accept legal decision in war with EABL
Keroche is a strong competitor for the British-controlled EABL, holding a 29-percent share of Kenya’s alcoholic beverage market.
Safaricom to earn Ksh 1.5 billion from Kenya’s state budget in 2021
The money is part of a $139.25-million payment for installing security and surveillance systems.
David Muguku dispels rumors of the sale of Waterfront Mall, Karen
The Muguku family has refuted news that it plans to sell Waterfront Mall in Karen.
MTN, Safaricom race to clinch market share in the Ethiopian telecom sector
MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.
Madagascan tycoon Hassanein Hiridjee acquires Millicom’s Tanzanian operations
Millicom has announced an agreement to sell its Tanzania operations for an undisclosed amount to a consortium led by Axian Group.
Tanzanian billionaire Mo Dewji displeased with FCC’s latest move against Simba SC
Mo Dewji is upset over the latest decision by Tanzania’s Fair Competition Commission to restart talks regarding the restructuring og the Simba Sports Club.
Steel tycoon Narendra Raval pledges free oxygen cylinders for COVID-19 patients in Kenya
Kenya’s health secretary has identified the hoarding of empty oxygen cylinders as an obstacle in the fight against COVID-19.
Gideon Muriuki’s Co-op Bank secures $10 million to spark Kenyan agribusiness
Co-operative Bank and the German impact investment fund eco.business will offer affordable loans to Kenyan agribusinesses.
James Mwangi’s Equity Bank partners with African Guarantee Fund to promote female-led MSMEs
The $75-million deal will provide loans to female-led micro, small and medium-sized businesses in four African countries.
Embattled Pastor Shepherd Bushiri blames officials for daughter’s death amid extradition case
Multimillionaire Pastor Shepherd Bushiri has announced the unexpected death of his 8-year-old daughter Israella.