Kenyan Ndegwa family-linked ILAM Fahari continues NSE trading amid pending delisting
Last August, ICEA Lion Asset Management, controlled by the heirs of the late Kenyan banking magnate Philip Ndegwa, extended a buyout offer totaling $2.77 million.
Last August, ICEA Lion Asset Management, controlled by the heirs of the late Kenyan banking magnate Philip Ndegwa, extended a buyout offer totaling $2.77 million.
This follows the financial setback he experienced in 2022 when Equity Group shares dropped significantly with Mwangi’s stake in the lender declining by $13 million.
From leading Mauritius’ largest conglomerate, IBL Group, to investments in Kenya’s retail sector through Naivas International.
Explore his influential connections to seven key companies, ranging from MCB Capital Markets to the Blue Penny Museum.
The development follows AXIAN Telecom’s strategic move in July 2023, where the company, led by Hiridjee, increased its stake in Free in Senegal to 80 percent.
The project, presently underway within the Dongo Kundu Special Economic Zone, signals a significant milestone for Taifa Gas as it expands its operations beyond Tanzania.
Ndegwa, the former chairman of the Capital Markets Authority and son of the late Kenyan economist Philip Ndegwa, is a top figure in the Kenyan business scene.
Noel’s passing comes over two years after his retirement as the CEO of MCB Group.
Ndegwa holds a sizable 4.63-percent stake in the leading lender, translating to 76,336,855 ordinary shares.
As one of the leading investors on the Nairobi Securities Exchange, Kimani holds a significant 34.54 percent of Kakuzi, or 6,762,133 ordinary shares.
Under Hiridjee, AXIAN Group has become Madagascar’s leading energy producer.
The extensive estate left by the late Kenyan President Daniel arap Moi, the nation’s second-largest landowner, is entangled in a series of legal battles.
Mwangi owns a 3.38-percent stake in Equity Group, or 127,809,180 ordinary shares.
Njonjo, in his remarks, mentioned that he would be focusing on personal matters during his leave.
Petrodel’s strategic partnership with Octant promises a new era of energy exploration in Tanzania, leveraging cutting-edge tech in the resource-rich Tanga Block.
Naivas, founded by Peter Mukuha Kago, finds itself entangled in a legal dispute that adds complexity to its narrative amid ambitious expansion plans.