Absa Bank linked to tycoon Baloobhai Patel wins $1.5-million (Sh215 million) refund case; KDIC appeals fearing impact on deposit insurance fund.
Kenya
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Amsons’ proposed acquisition, boosting Bamburi’s market cap above $160 million, could reshape East Africa’s cement sector
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Anadkat, a Malawian banking mogul, holds a 2.9-percent stake in Letshego Holdings, making him the largest private shareholder.
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The project marks a renewed investment appetite following the operational challenges brought about by the COVID-19 pandemic.
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Backed by Kenya’s richest families, NCBA acquires AIG Kenya to strengthen financial services in $2.21-billion industry
Acquisition of AIG Kenya by NCBA Bank set to strengthen financial services and expand market reach across East Africa.
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Vedanta to Inject $1 billion in expansion efforts following court’s approval.
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New health insurance subsidiary to diversify Equity Group’s offerings beyond life and general categories.
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Equity Group led by Kenyan banker James Mwangi rewards shareholders with $116.5-million dividend
Shareholders unanimously approved a final dividend of Ksh15.08 billion ($116.54 million) at the AGM in Nairobi.
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Kimani, a leading investor on the Nairobi Securities Exchange, holds a 34.54 percent stake in Kakuzi, equivalent to 6,762,133 ordinary shares.
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Kenyan tycoon Baloobhai Patel-linked Sanlam Kenya to close subsidiaries amid financial woes
Sanlam Kenya remains committed to growth amid efforts to optimize strategies in challenging economic landscapes.