U.S. group to earn $13.5 million in deal with Kenyatta family-linked lender, NCBA
Through their late patriarch’s estate, the Kenyatta family maintains a significant 13.2-percent stake in NCBA Group, equivalent to 217,497,023 ordinary shares.
Kenya
7 assets owned by Kenya’s largest landholders, Kenyatta family
Billionaires.Africa has identified and monitored seven prominent assets owned by the Kenyatta family.
Kenyan banker John Gachora earns $1-million salary from NCBA Group in 2022
Apart from his executive and governance roles, Gachora owns a minority 0.14-percent stake in the leading financial group.
Kenyan tycoon Julius Mwale to build multimillion-dollar medical city in Ghana
This development was unveiled following a meeting between Mwale and Ghanaian President Nana Akufo-Addo.
Kenyan banker Suresh Bhagwanji Shah to build $22-million hospital in Nairobi
Shah is a top figure in Kenya’s banking industry. He is renowned for founding I&M Group.
Wealthy Kenyan tycoon Andrew Ndegwa loses over $2 million in 49 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and ranks as one of the country’s richest businessmen.
Kenya’s second-largest landowners, Moi family protests half-a-million-dollar legal bill
The Moi family, renowned for its significant influence in both business and politics, has emerged as one of Kenya’s wealthiest families.
Naivas, owned by Kenya’s Mukuha family, faces penalty for data breach violation
Naivas, a retail giant established in 1990 by the late Kenyan tycoon Peter Mukuha Kago, has long held a dominant presence in Kenya.
Kenyan multimillionaire Peter Munga faces auction of properties over unpaid debts
This marks the latest chapter in Munga’s ongoing struggle with debt, which has seen him narrowly escape property auctions in the past.
Bank owned by Kenya’s richest families expands to Migori, targeting East African traders
NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
Aga Khan IV gains $4.5 million from Nairobi-based insurer Jubilee Holdings
This remarkable increase in the market value of his share further solidifies Aga Khan IV’s position as the richest investor on the Nairobi Securities Exchange.
Bank led by Kenyan tycoon James Mwangi partners with MasterCard to expand cross-border payments
Under the visionary leadership of Mwangi, Equity Group has emerged as a dominant force in East and Central Africa.
Kenya’s wealthy Merali family suffers $3.2-million loss from Sasini Tea stake
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.
Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya
Flutterwave CEO and Co-Founder, Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi.
5 companies owned by Andrew Musangi, CBK board chair nominee
Beyond his impressive career, Musangi wields significant influence in Kenya’s corporate landscape and owns stakes in some companies.
Kenyan billionaire heiress’ husband, Andrew Musangi, approved as CBK chair nominee
Musangi is the founder of Mukite Musangi & Company Advocates (MMC), a prominent Kenyan legal firm.