Andrew Musangi, husband of Kenyan billionaire heiress, unveils $8-million wealth
Musangi, the incoming Central Bank of Kenya (CBK) chair is the founder of Mukite Musangi & Company Advocates (MMC).
Kenya
Kenyan tycoon John Kimani acquires additional 5.46 million shares in Centum
John Kimani’s recent acquisition reflects his continued commitment to expanding his investment portfolio in Kenya’s thriving business landscape.
Bank led by Kenyan tycoon Gideon Muriuki recoups $1.56-million loan from Centum unit
Muriuki owns a substantial two-percent stake in Co-operative Bank Group, translating to 117,471,300 ordinary shares.
Firm linked to Kenyan tycoon Chris Kirubi’s heirs to secure $20-million loan from IFC
Centum Real Estate (Centum RE) is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Firm linked to Chris Kirubi’s heirs grants $1.3 million in loans to Kenyan civil servants
Centum Investment is an East African-focused investment firm controlled by the family of the late Kenyan tycoon Chris Kirubi.
Kenyan tycoon James Mwangi’s Equity Group investment loses $5.9 million
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
Insurance firm linked to Kenya’s Peter Munga achieves $11.2 million in H1 profit
Munga owns a significant stake in Britam Holdings, with 72 million shares, making him one of its largest shareholders.
Kenyan tycoon Suresh Bhagwanji Shah’s stake in I&M slumps by $1.2 million
Shah owns a beneficial 10.98-percent stake in I&M Bank Group, translating to 178,514,362 ordinary shares.
Aga Khan IV’s stake in Nairobi-based insurer slumps by $3 million
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
Kenya’s largest landowners, Kenyatta family, to pocket $2.6 million from NCBA
The Kenyatta family owns a 13.2-percent stake in NCBA Group through the estate of their late father, Jomo Kenyatta.
Wealthy Ndegwa family of Kenya acquire $2.77-million stake in property fund
This latest development from the Ndegwa family follows their earlier strategic investment in the Kenyan financial sector.
Kenyan entrepreneur Peter Njonjo transfers Galana-Kulalu scheme acres to private firm
In June, Njonjo revealed that development rights for the project would be handed over to Selu Limited.
Kenyan tycoon Baloobhai Patel’s stake in Absa Kenya is down by more than $1 million
Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
Uganda tax penalty deals blow to cement firm owned by Kenyan tycoon Baloobhai Patel
Patel, a Kenyan multimillionaire with diverse investment interests, owns a 4.12-percent stake in Bamburi Cement.
Kenyan sugar mogul Jaswant Rai kidnapped by suspected police officers
Rai’s legal endeavors extended to business matters. In 2022, he contested the awarding of a leasing contract to the Uganda-based Sarrai Group.
Bank owned by Kenya’s richest families posts nearly $65 million in half-year profit
NCBA Group, which resulted from a momentous merger in 2019, is partially owned by the Kenyatta, Merali, and Ndegwa families.