Medhat Khalil loses $2.96 million from Raya Holding
Khalil holds a 17.99 percent majority stake in Raya Holding, equivalent to 385,208,477 shares.
Khalil holds a 17.99 percent majority stake in Raya Holding, equivalent to 385,208,477 shares.
The financing will support the construction of the region's largest battery storage system alongside a photovoltaic array.
South African billionaire Patrice Motsepe faces a $195-million lawsuit in Tanzania over allegations of breaching a non-compete agreement, a case that could set a legal precedent for the country's mining sector.
NCBA Group and Sanlam Life Insurance have launched new digital life insurance plans to improve access to affordable funeral and education coverage in Kenya.