Mauritian tycoon Jean-Pierre Dalais’ CIEL posts $59.8-million half-year profit
This surge in profit can be attributed to the conglomerate’s adept cost-effective measures and strategic initiatives.
This surge in profit can be attributed to the conglomerate’s adept cost-effective measures and strategic initiatives.
The conflict arises from a lawsuit filed by 25-year-old Elizabeth Nadupoi Kimiti, accusing Mbaru of neglecting his parental duties.
This initiative represents a significant stride toward contributing to Kenya’s comprehensive growth and prosperity.
The Competition Authority of Kenya (CAK) confirmed the clearance on Wednesday, refraining from disclosing the financial details of the transaction.
The reduction in Portland’s net loss in the current reporting period is attributed to increased revenue from cement sales, coupled with higher tax credits and reduced expenses.
This decision reshapes the grain handling landscape at the port, emphasizing the judiciary’s commitment to fostering a competitive market in Kenya.
Spanning an expansive 2.6 million square meters, EIC represents East Africa’s first fully integrated industrial hub.
Arnaud Lagesse, along with his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, collectively holds a substantial 16.8-percent joint stake in IBL Group.
Simba Corp and Mahindra unveil cutting-edge tractor models across six branches.
Thakrar also accused WPP of leaking details of an internal investigation into alleged financial and personal misconduct to local media, causing “reputational damage.”
Despite this setback, Ndegwa remains one of Kenya’s wealthiest investors and continues to hold a prominent position among the country’s richest businessmen.
Under the leadership of CEO Priscilla Gathungu, appointed in November 2022, the company has pursued an aggressive expansion strategy.
Patel, a Kenyan multimillionaire and owner of a 4.12-percent stake in Bamburi Cement through his private investment company, Aksaya Investment.
Through the Aga Khan Fund for Economic Development, Aga Khan IV owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
The Merali family, holding a majority 65.46-percent stake in the agribusiness firm valued at more than $23 million, ranks as Sasini’s largest shareholder.
Aziz, 59, was the first Tanzanian to boast of a billion-dollar fortune according to Forbes.