
Kenyan tycoon Baloobhai Patel-linked cement firm clears 60 percent of $2-million tax debt
Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax debt
Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax debt
According to the latest list, well-known Kenyan business figures like John Kimani, James Mwangi and Gideon Muriuki have taken a hit in their wealth so far this year.
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.
Mwangi, the managing director and CEO of Equity Group, shared details of this ambitious plan during a recent interview in Kenya.
Reel’s leadership has been instrumental in the aggressive expansion of CFAO’s network of branches, dealerships, and authorized service centers across Kenya.
Billionaires.Africa has identified and tracked various companies and assets linked to Rai.
Billionaires.Africa has identified and tracked companies owned by Rai.
Family Bank Limited is a commercial bank headquartered in Nairobi and led by Kenyan banker Rebecca Mbithi.
According to Forbes’ 2013 ranking of Africa’s wealthiest individuals, Shah, the chairman of Bidco Africa, had a net worth of $1.6 billion.
Billionaires.Africa has identified five companies owned by Raval.
The market value of the stake held by Kirubi’s heirs has increased from $11.02 million on May 17 to $12.34 million at the time of writing.
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
As a non-executive director on Britam’s board, Mbaru holds a beneficial stake of 5.15 percent, comprising 130,000,000 shares in the company.
The leading retailer, which is majority-owned by the Kenyan Mukuha family, has also announced plans to add two more units by the end of the year.
Muriuki owns a significant two percent stake in Co-op Bank Group. This translates to 117,471,300 shares in the Nairobi-based lender.
NCBA Group counts some of Kenya’s richest families among its shareholders, including the Kenyatta, Merali, and Ndegwa families.