Sasini, controlled by Kenya’s wealthy Merali family posts $22 million in revenue in H1 2024
The Merali family holds a majority stake of 65.46 percent in Sasini Plc, valued at approximately $25 million.
The Merali family holds a majority stake of 65.46 percent in Sasini Plc, valued at approximately $25 million.
This strong performance builds on MTN Uganda’s success in 2023, with total revenue rising 16.75 percent to Ush2.67 trillion ($687.97 million).
Equity Life’s rise coincides with Mwangi’s continued regional expansion of Equity Group across East and Central Africa.
The collaboration, which has been instrumental in driving Kenya’s digital payments landscape, will provide enhanced value propositions for cardholders across the country.
Under Raval’s leadership, Cemtech has submitted an environmental impact assessment (EIA) report to the National Environment Management Authority (NEMA) for review.
The Aga Khan Health Services (AKHS) is one of three AKDN agencies with a health focus, alongside the Aga Khan Foundation and the Aga Khan University.
Ndegwa remains one of Kenya’s wealthiest investors and continues to hold a significant position among the country’s richest individuals.
Muriuki, Co-op Bank’s CEO and managing director, welcomed the financing, emphasizing the critical need to bolster support for women-owned businesses.
MTN Uganda boasts an impressive 98 percent coverage area, serving a vast majority of the Ugandan population.
The follows a notable surge of Ksh481.15 million ($3.63 million) recorded between March 19 and 29.
NCBA Bank Kenya justified the increase, citing the need to align with prevailing market conditions.
Patel’s latest acquisition reflects a significant year-on-year increase in his Absa holdings. In December 2022, he held 47.57 million shares (0.88-percent stake).
Co-op Trust’s assets have quadrupled since 2014, rising from Ksh52.5 billion ($392.4 million) to Ksh218.38 billion ($1.7 billion) in 2023.
Despite this setback, the Merali family remains one of the wealthiest investors on the NSE and a prominent figure among Kenya’s richest families.
The proposed dividend payout represents a notable increase from the previous dividend of Ksh0.75 ($0.00563) per share, amounting to Ksh272 million ($2 million).
Kenyan entrepreneur, Mbaabu, CEO of MarketForce, cited challenging profit margins and a funding drought as primary reasons behind the decision.